Slate Money Megayacht Foam Parties Are In
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Jun 28, 2025 This week dives into the unexpected political landscape in New York City, highlighting Zohran Mamdani's surprising primary win and the tense reaction from capitalists. The hosts also dissect Donald Trump's latest antics regarding Fed Chair appointments. Luxurious celebrations take center stage as Jeff Bezos's extravagant wedding features a foam party on a yacht, sparking a discussion on contemporary opulence versus traditional elegance. Humor prevails as they critique billionaires' lavish lifestyles amidst pressing societal issues.
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Understanding Mamdani's NYC Policies
- Zoran Mamdani's win is less threatening to capitalism than perceived; NYC already has substantial rent control resembling socialism.
- Policies like rent freezes mainly affect rent-stabilized apartments, which don't drastically disrupt market dynamics.
Limits to Mayoral Power in NYC
- NYC mayor's power to enact sweeping socialist reforms is limited by state and local political realities.
- Mamdani’s focus on cost of living targets working-class concerns with incremental reforms, not radical change.
Free Buses: Nice Idea, Limited Power
- Free buses policy sounds attractive but the MTA, controlled by the governor, limits the mayor's direct control.
- Political feasibility often constrains ambitious electoral promises in NYC transportation.