In Conversation: Michael Bloomberg
Entertaining and infuriating exit interview with New York City’s mayor, in which Bloomberg defends the rich, criticizes the current mayoral candidates, and trumpets his record across crime, education and quality of life:
“A common theme in the campaign to succeed you has been that you’ve governed primarily for the rich.
“I’m fascinated by these comments—and it is just campaign rhetoric—suggesting that we haven’t done enough for the poor. The truth of the matter is we’ve done a lot more than anybody else has ever done. The average compensation—income—for the bottom 20 percent is higher than in almost every other city. Of course, the average compensation for the top 20 percent is 25 percent higher than the next four cities. But that’s our tax base. If we can find a bunch of billionaires around the world to move here, that would be a godsend, because that’s where the revenue comes to take care of everybody else.
“Who’s paying our taxes? We pay the highest school costs in the country. It comes from the wealthy! We have an $8.5 billion budget for our Police Department. We’re the safest big city in the country—stop me when you get bored with this! Life expectancy is higher here than in the rest of the country—who’s paying for that? We want these people to come here, and it’s not our job to say that they’re over- or underpaid. I might not pay them the same thing if it was my company—maybe I’d pay them more, I don’t know. All I know is from the city’s point of view, we want these people, and why criticize them? Wouldn’t it be great if we could get all the Russian billionaires to move here?”