... this really caught my eye, and made me reflect on how much the influx of wealthy people into New York has raised the cost of living in general. Thirty-plus years ago, when I lived in the city and took Social Security claims, I remember seeing the bills of sale for the medallions of retiring New York cab drivers. They averaged about $65,000, meaning that their value in the interim has increased by almost 1500%, or an annual average increase of more than 45%.
This is why conservatives worrying about returning to the pre-Giuliani days of street crime have nothing to worry about. Those criminals have literally been priced out of town. They've been replaced by a different class of criminal, one that is well-schooled in reverse Robin Hood politics.
Which is why de Blasio is so essential. And why, for the sake of the city I love so much, I hope with all my heart that he succeeds.
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