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A Tale Of Two New York Cities: The Rich And The Hungry

Tyler Durden's picture


New York's apparent success as a financial and cultural center of the world (and anchor for the liquidity flood of the world's central banks via bank er bonuses) has an ugly side. The inflationary impact of the extremely wealthy is squeezing food prices to the point that many low income families simply cannot afford to eat. A dismally real picture of the situation in New York is exposed in a report by Food Bank NYC - One City, Two Realities. As The Daily News notes, many of the report’s findings are truly worrisome. For instance, between 2011 and 2012, the percentage of households with annual income below $25,000 that had trouble affording food increased a whopping 30%, with 70% of these households with kids reported difficulty affording 'needed' food. NYC's unemployment rate remains well above the nation's average and 54% of those are struggling as according to the Food Bank, “low [no] income families are making the difficult decision to reduce the nutritional quality of their meals by purchasing less expensive and unhealthy foods in order to afford the mandatory expenses that would keep a roof over their heads.” Participation in government food assistance programs continues to rise, and demand for emergency food programs continues to intensify as 54% expect to need assistance (SNAP) in the next 12 months.

Food costs are surging in NYC...


and while it is dropping, unemployment remains well above average in NYC...


leaving the divide between those who have and those who strugle to afford food growing ever wider (h/t Banzai)


Via Daily News:

New York City has a well-deserved reputation as the country’s financial and cultural center — and that’s great.


What is not so great is that, for a growing number of its residents, simply surviving in New York has become an increasingly difficult proposition.


As shown by a report issued last year by the city controller, the so-called “Capital of the World” is also the capital of income distribution inequality in the nation.



Even though the research precedes superstorm Sandy, this year’s NYC Hunger Experience report (below) reveals a tale of two cities, wherein the struggles of low-income and unemployed New Yorkers to keep food on the table have intensified even as the circumstances continue to improve for those who are better off.


“Now, we have the additional hardships brought about by Sandy,” Stampas said.


Many of the report’s findings are truly worrisome. For instance, between 2011 and 2012, the percentage of households with annual income below $25,000 that had trouble affording food increased a whopping 30%, though the total number of city residents who reported difficulty affording food in the same time period actually decreased by 9%.


No less serious is that, according to the Food Bank, “low income families are making the difficult decision to reduce the nutritional quality of their meals by purchasing less expensive and unhealthy foods in order to afford the mandatory expenses that would keep a roof over their heads.”


Not surprisingly, low-income residents — especially Latinos and African-Americans, women and the unemployed — are more likely to experience difficulty affording the basics than other groups.


The picture painted by the report is nothing short of alarming:

  • The percentage of unemployed New Yorkers reporting difficulty soared from 41% in 2011 to 54% in 2012. To make matters worse, the city’s unemployment rate continues to trump the national average.
  • As of last November, the city’s unemployment rate was 8.8% (approximately 351,000 people), compared to 7.8% (approximately 12.2 million people) in the country as a whole.
  • In fact, the report adds, three years after economists declared the end of the Great Recession in 2009, unemployment rates in the city have yet to recede to pre-recession levels. Participation in government food assistance programs continues to rise, and demand for emergency food programs continues to intensify.


Again, not a pretty picture.


Full Report Below:

NYC Hunger by xxyyxxyy123123


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Thu, 01/17/2013 - 22:40 | 3165003 francis_sawyer
francis_sawyer's picture

Go ahead, bite the Big Apple, don't mind the maggots... [She-doo-bee]

Thu, 01/17/2013 - 23:00 | 3165063 Goldilocks
Goldilocks's picture

*AGE OF DECEIT* (FULL) Fallen Angels and the New World Order (2:31:33)

Thu, 01/17/2013 - 23:12 | 3165091 Richard Chesler
Richard Chesler's picture

Shittier and shittier products and services for all except pigmen.

Ask Timmy

Thu, 01/17/2013 - 23:28 | 3165119 ACP
ACP's picture

Tyler, you really could have summed this up with the following interaction between a GS banker and a homeless guy:

Thu, 01/17/2013 - 23:48 | 3165139 BKbroiler
BKbroiler's picture

I don't care. I'm never leaving.  New York City is fucking crazy and if it was any different I'd have to go elsewhere.

I live in Brooklyn.  The chinese laundry downstairs cleans my clothes for 50c per pound, the jordanian guy on my way to work makes my coffee, my jew landlord collects his rent, I eat at Italian restaurants with my Polish and Hungarian friends, drinking Greek uzo and smoking Cuban Havana's with my Dominican friends.  My girl's a boriqua and my stepkid a palestinian-jordanian-puerto rican-dominican beautiful specimen of life. There's nothing wrong with globalization if you do it right.

Fri, 01/18/2013 - 00:00 | 3165190 francis_sawyer
francis_sawyer's picture

Wait until the 'replicants' start arriving in town there Rick Deckard...

Fri, 01/18/2013 - 00:27 | 3165239 Freddie
Freddie's picture

LOL!  Roy Batty and his Nexus 6 pals would be far more humane and civilized than the majority of NY'ers in the city.

Fri, 01/18/2013 - 01:57 | 3165349 TruthInSunshine
TruthInSunshine's picture

New York City: A Tale of Two Cities


It was the best of times, it was the worst of times, it was the age of wisdom, it was the age of foolishness, it was the epoch of belief, it was the epoch of incredulity, it was the season of Light, it was the season of Darkness, it was the spring of hope, it was the winter of despair, we had everything before us, we had nothing before us, we were all going direct to Heaven, we were all going direct the other way--in short, the period was so far like the present period, that some of its noisiest authorities insisted on its being received, for good or for evil, in the superlative degree of comparison only.

Hunger Games Greeting Cards

Fri, 01/18/2013 - 07:23 | 3165575 Captain Kink
Captain Kink's picture

Great read.

Fri, 01/18/2013 - 07:31 | 3165582 Room 101
Room 101's picture

+10 for the Dickens reference.
+20 for the Hunger Games greeting card

Fri, 01/18/2013 - 00:07 | 3165201 Buckaroo Banzai
Buckaroo Banzai's picture

Never leaving? Oh well, then you'll go down with the ship.

New York City is a fucking cancer. It's a town full of moral degenerates. If you got rid of those cunts Bloomberg and Cuomo you might stand a slim chance. But that's exceedingly unlikely. You guys have precisely the government you deserve.

Enjoy your (remaining) time in the modern-day Sodom.

Fri, 01/18/2013 - 01:14 | 3165312 Freddie
Freddie's picture

Never Leaving is code word for rent controlled apartment.  The facists leftists love them.  Bianca Jagger, a Nicaraguan communist, had one for many years.  The rich through devious means get them and use them as vacation apartments. 

Eventually some one ratted the bitch out and the city actually took action. She went to court like a good little leftist trying to hold onto her ill gotten perk at the cost of the little people.  She lost.

Hopefully the flesh eating zombies will reclaim those pre-war (code word for big ***king apartment) apartments when the EBT cards start failing.   

Fri, 01/18/2013 - 10:25 | 3165903 Hippocratic Oaf
Hippocratic Oaf's picture

New York City is a fucking cancer. It's a town full of moral degenerates. If you got rid of those cunts Bloomberg and Cuomo you might stand a slim chance. But that's exceedingly unlikely. You guys have precisely the government you deserve.

Enjoy your (remaining) time in the modern-day Sodom.


Care to let me know where that fuckin cancer is seeing that I live in the heart of the city?

Wouldn't want my beautiful wife and 3 month old daughter to step in it, you piece of shit.

There are those that live here, raise families and do the right thing. DON'T generalize.

Or, are you one of those that deep down....really wanted to have the balls and the nerve to actually 'make it' in the greatest city on earth, but never did? Hmmm? 

You, like so many others, talk shit about NYC, think everyone is a banker, and probably never set foot here.

Stay in Flyoverlandia........we don't need you.


Fri, 01/18/2013 - 10:30 | 3165928 secret_sam
secret_sam's picture

People with poor impulse control and inability to tolerate people of different belief and appearance just can't stand places like NYC.  It's better that way, when you think about it.

Fri, 01/18/2013 - 17:07 | 3167410 Cathartes Aura
Cathartes Aura's picture

people intolerant of anyone/thing outside of their own very limiting circles, mirrored images usually, are welcome to their small worlds.

although I'm more rural now, I spent most of my life in large, diverse city neighbourhoods, mainly european, and I do miss the opportunity to interact with peoples of differing backgrounds/histories - but I still carry my learned respect for the many ways humanity presents itself.

(that was an eloquent, well-argued perspective you posted yesterday, respect.)

Fri, 01/18/2013 - 18:55 | 3167776 secret_sam
secret_sam's picture

We all do what we can.  Someday this war's gonna end.

Fri, 01/18/2013 - 16:44 | 3167349 DoomedforGloom
DoomedforGloom's picture

I really wish all of you transplants would just shut the fuck up. It's comical viewing all of you defending NYC as if though you're these true natives. Half of you are probably "moved and raised" New Yorkers...hahaha....fuckin clowns suffering identity crises.

Fri, 01/18/2013 - 18:55 | 3167779 secret_sam
secret_sam's picture

Shaddap ya whiny little bitch.

Mon, 01/21/2013 - 17:47 | 3173803 DoomedforGloom
DoomedforGloom's picture

Explain to me how you interpret my statement to be "whiny"? I can assure you I'm hardly the 
"Whiny" type (If you only knew the things I've been through personally) Anyway, sorry to offend you transplant, but the truth hurts. We up here in the BX don't and will never accept you as natives.

Mon, 01/21/2013 - 17:53 | 3173807 DoomedforGloom
DoomedforGloom's picture


Mon, 01/21/2013 - 17:50 | 3173808 DoomedforGloom
DoomedforGloom's picture


Sat, 01/19/2013 - 03:11 | 3168507 Totentänzerlied
Totentänzerlied's picture

You're too kind. Sodom was The City On The Hill, compared to NYC.

Fri, 01/18/2013 - 02:58 | 3165431 Cosimo de Medici
Cosimo de Medici's picture

I admit to not being a big fan of NYC, but seeing that the likes of the guys below your comment wouldn’t go near it, I suddenly feel the warm embrace of its open arms.  Even Hoboken Frank couldn’t offer a better testimonial.

So, BKBroiler, can you check for me and see if there are still apartments available in Jamie Dimon’s building?  I’ve got this pile of cash just burning a hole in my pocket, and I’ve already got the chateaux in Limousin and the ranch in Paraguay.  Don’t care much for Boracay, so I guess it’ll be the Big Apple and access to Coney Island to further round out the portfolio.

My only concern is that this Freddie guy probably doesn’t know where his Mom’s basement actually is, and I fear he might be down there in Alphabet City or something and not know it.  I’d hate to catch what that boy has, ‘cause I doubt there’s a cure.  Hey, maybe that’s what happened to all the old and sane posters?

Fri, 01/18/2013 - 08:56 | 3165676 BKbroiler
BKbroiler's picture

Dimon's building is a rip off, what we need to get you is a nice rent controlled apartment. 

Fri, 01/18/2013 - 10:17 | 3165872 GeezerGeek
GeezerGeek's picture

Based on BKbriler's post, I can see where his leftwing mindset comes from. Apparently he doesn't know any Americans. Every one he mentioned is described as a specific ethnic or racial group. Sounds like the cliche that begins "some of my best friends are...". 

Aside from that, good for you, BK, enjoy Brooklyn. 

Fri, 01/18/2013 - 12:49 | 3166496 secret_sam
secret_sam's picture

'Merka has ALWAYS been a nation of immigrants.  There was a time when that was celebrated.

What must really piss you off is that most of those folks ARE "Americans."  Just like the Spanish-speaking Tejanos.

Fri, 01/18/2013 - 11:28 | 3166184 China
China's picture

This is good. We are very pleased. Very good comment. Remember, America is rich. China poor. Dollah king, Yuan nothing.

Fri, 01/18/2013 - 00:42 | 3165260 Son of Loki
Son of Loki's picture

Patrick Bateman? I always thought that was Christian Bale!


Anyway, it's a powerful scene.

Thu, 01/17/2013 - 23:02 | 3165066 Zer0head
Zer0head's picture

heckuva job Bloomy

Thu, 01/17/2013 - 23:04 | 3165076 Snakeeyes
Snakeeyes's picture

Falling salary and wage income as % of GDP and rising at corporate profits as a % of GDP says it all!

Fri, 01/18/2013 - 06:54 | 3165549 H E D G E H O G
H E D G E H O G's picture

WoW, so this is what the economists(?) want to call "CHAINED CPI" ???? Like when you can't afford to eat cat & dog food anymore, you move down the chain to the DUMPSTER! FUCK THE GOVERNMENT!

Fri, 01/18/2013 - 07:52 | 3165593 Watauga
Watauga's picture

I don't understand how, with nearly 50M Americans on food stamps, and more welfare programs available than ever before, and with essentially free medical care for the destitute, and public housing available in every major urban area, there are still poor, hungry, homeless people.  Are we saying that, even with a multi-trillion dollar budget that goes mostly to help people (whether through Social Security, Medicare, Medicaid, food stamps, free housing, subsidized housing, Obamaphones. . . ), we still cannot help all of those in need?  And are we saying that with the hundreds of billions of dollars that are shoveled to charities that feed and house and clothe the poor, we still cannot help all of those in need?  Hmmm . . . .  It simply does not add up.

Fri, 01/18/2013 - 09:42 | 3165751 marathonman
marathonman's picture

Welfare is the political stabilizer for the Fed to keep inflating.  Keeping the low skilled eating and consuming is a great way to keep increasing debt which gives the illusion of a great economy.  Without welfare, the consumer economy would go tits up because too many people would be broke and unable to eat.

Fri, 01/18/2013 - 10:45 | 3165986 Muppet Pimp
Muppet Pimp's picture

I don't understand how, with nearly 50M Americans on food stamps, and more welfare programs available than ever before, and with essentially free medical care for the destitute, and public housing available in every major urban area, there are still poor, hungry, homeless people.


In Obamaland, everyone is poor and everything is free.  Get it?  Anyone trying to be productive will be stifled with comments like "You didn't build that"  and all the poor will believe him, and like Hollande he will eventually drive all the productive from the country or (hopefully) the country can just split amicably and Obama can be king over the all the poor he creates.  

And they will know when they look at their shanty towns "Obama built that".

Fri, 01/18/2013 - 10:46 | 3166003 awakening
awakening's picture

'Are we saying that, even with a multi-trillion dollar budget that goes mostly to help people'

Which people may that be, the ones on the street or those in the cushy admin positions (with salaries that would not be out of place in non charitable organisations)?

Thu, 01/17/2013 - 22:41 | 3165006 buzzsaw99
buzzsaw99's picture

i blame the bernank

Thu, 01/17/2013 - 23:08 | 3165085 A Lunatic
A Lunatic's picture

I blame the 9 million morons who put their trust in assholes like Bloomerg and Cuomo............

Fri, 01/18/2013 - 01:20 | 3165322 Freddie
Freddie's picture

Obama supposedly has an 81% favorability rating in NYC but pollsters and the media lie.  Alll they do is lie but morons in NYC love Obama.

Sat, 01/19/2013 - 03:15 | 3168510 Totentänzerlied
Totentänzerlied's picture

You don't need to stretch the truth to get 81% approval. You need only believe in the reality willful ignorance.

If America has a problem with the truth, the East Coast (and California) is downright allergic to it.

Fri, 01/18/2013 - 01:22 | 3165324 lakecity55
lakecity55's picture

Blame the Ashkenazim (can't spell it w/o NAZI) and their evil counting houses of rehypothecated wealth.

Fri, 01/18/2013 - 00:49 | 3165276 sun tzu
sun tzu's picture

I blame small businesses and the middle class. Let's raise taxes on them until they need EBT cards.

Yours Truly,

Warren Buffett and George Soros

Fri, 01/18/2013 - 01:08 | 3165304 DeadFred
DeadFred's picture

It's not the Bernak's fault! He has provided us with plenty of iPads to eat.

Thu, 01/17/2013 - 22:42 | 3165010 centerline
centerline's picture

Hunger games.  Coming up.

Thu, 01/17/2013 - 22:43 | 3165011 Cdad
Cdad's picture

Ben Bernanke and his band of governors at the Fed have assured everyone that there is no inflation.  In fact, the Fed knows that a little inflation would be good for us. I'm not sure why half of New York residents are confused about this issue.

So quit yer complaining, folks.

Thu, 01/17/2013 - 22:44 | 3165015 Seasmoke
Seasmoke's picture

Cuomo knows to get the guns now before the food is out of reach.

Thu, 01/17/2013 - 22:53 | 3165041 centerline
centerline's picture

Guess he is not on board with the concept of pumping as much guns and ammo into society as possible and then letting the supply chains break.  Or, maybe the play is not wanting them to kill each other but outflow for mass chaos to the surrounding areas.


Thu, 01/17/2013 - 22:53 | 3165042 nmewn
nmewn's picture

And don't tell the good doctor you're mad as hell because you're "food insecure" (lol) he'll report your ass to Big Sis.

Be a good little sheeple...and just suck it up.

Fri, 01/18/2013 - 00:51 | 3165279 sun tzu
sun tzu's picture

When it came to pain medications, did't the old turd tell them to suck it up and suffer?

Fri, 01/18/2013 - 02:20 | 3165390 knukles
knukles's picture

Can't even miserably die in peace within the veiled comfort of Morpheus anymore having been refused to eat reasonably, feel safe within one's own home or trust in any future glory of mankind.

Pitiful glimpse of our future, today.

Why even the circuses are failing to divert for misery has become the bread.


Thu, 01/17/2013 - 23:20 | 3165096 Wakanda
Wakanda's picture

Interesting to watch rural upstate NY pols mumble their way through Andy's gun, clip, and ammo grab.  The upstaters who hunt, shoot, run small businesses generally view anything below Westchester as an insane asylum about to explode in hunger fueled anger.  Preppers are now the norm, not the exception - in the last year most everyone has learned the meme, even democrats that "won" with BO in '12.

Thu, 01/17/2013 - 22:47 | 3165023 AccreditedEYE
AccreditedEYE's picture

What the hell did you expect? Of course this is the case. We're not going back to the "old normal", we're moving into the "Newer New Normal".

Thu, 01/17/2013 - 22:48 | 3165029 Larry Dallas
Larry Dallas's picture

Cuomo needs to feed his poor voters. Why he's fucking around with gun laws and legistation is beyond me. Perhaps is fraud chef girlfriend Sandra Lee can whip something up for these poor?

Thu, 01/17/2013 - 23:11 | 3165090 earnyermoney
earnyermoney's picture

Never know what hungry people will do with access to guns. I think Bloomie's whistling past the graveyard.

Fri, 01/18/2013 - 00:11 | 3165211 Buckaroo Banzai
Buckaroo Banzai's picture

Cuomo's a tin-pot dictator who is a filthy degenerate punk. His father was a corrupt, mobbed-up shitbag, and the apple didn't fall far from the tree.

Thu, 01/17/2013 - 22:49 | 3165032 centerline
centerline's picture

On a serious note...

Everything.  Absolutely everything will be done to avoid reaching any serious breaking point when it comes to the basics and supply chains for the basics.  Talking about bread here.  Circuses are easy.  Bread is difficult because it is tangible.

And, there is nothing that can be done to prevent those supply chains from breaking... a breaking point being reached at some point.

So, between now and then, systems will be put into place to "contain" and "deal with" the fallout for when the inevitable happens.

Any questions?


Thu, 01/17/2013 - 22:55 | 3165047 francis_sawyer
francis_sawyer's picture

Snake Plissken won't give a fuck about anyone's hunger or their questions...

Thu, 01/17/2013 - 23:04 | 3165074 A Lunatic
A Lunatic's picture

Let them eat Drone............

Fri, 01/18/2013 - 00:33 | 3165248 Karlus
Karlus's picture

Bingo, and when Rome legislates that they are entitled to the food from the center and south then its on like Donkey Kong.

The army will not stand with them and their scrip will be worthless.

It sucks so many people, Americans, will starve, but they brought it on themselves. We will be stronger for it

Thu, 01/17/2013 - 22:49 | 3165033 nmewn
nmewn's picture


Fri, 01/18/2013 - 02:01 | 3165373 Freddie
Freddie's picture


Thu, 01/17/2013 - 22:49 | 3165034 Yen Cross
Yen Cross's picture

 I'm beyond quimsical expectations...

Thu, 01/17/2013 - 22:51 | 3165038 chump666
chump666's picture

There you go Krugman you Keynesian nutcase.  Proof

Inflation gets people very, very angry

Bernanke stay the f*ck away from NYC

Thu, 01/17/2013 - 23:00 | 3165062 centerline
centerline's picture

Fuck Krugman.  He is nothing more than a tool.  Not worth paying attention to.  Discredited immediately by any argument about the role of banking in creating "money."

Fri, 01/18/2013 - 11:00 | 3166059 A Nanny Moose
A Nanny Moose's picture

That is an insult to tools. Tools are at least useful.

Thu, 01/17/2013 - 22:53 | 3165044 Yen Cross
Yen Cross's picture

 I love both of you nmewn and chump666. I was hoping for a (literary poet) that doesn't know it.

Thu, 01/17/2013 - 22:54 | 3165045 dunce
dunce's picture

81% of New Yorkers voted for obama, shut up and go dumpster diving where the rich live. It is what you voted for.

Thu, 01/17/2013 - 23:03 | 3165068 secret_sam
secret_sam's picture

I could live with that as long as da man ain't gonna be friskin' us, right?

Thu, 01/17/2013 - 23:14 | 3165092 francis_sawyer
francis_sawyer's picture

Good news with that is that it'll all be kosher food...

Fri, 01/18/2013 - 01:26 | 3165330 LetThemEatRand
LetThemEatRand's picture

"81% of New Yorkers voted for obama, shut up and go dumpster diving where the rich live. It is what you voted for."

Only about a third of NYC residents voted at all.  I'm guessing the dumpster divers stopped bothering a long time ago.   It is a myth that "the poor" voted Obama.  They didn't vote because they know it makes no difference.  In that regard, they are smarter than the rest of us.

Fri, 01/18/2013 - 07:34 | 3165584 Sanksion
Sanksion's picture

"Un pauvre qui vote ça me fait penser à un crocodile qui se présente à une maroquinerie."

 A poor voting is like a crocodile showing up at a leathercrafting store.


Fri, 01/18/2013 - 11:04 | 3166067 A Nanny Moose
A Nanny Moose's picture

Voters don't win elections. Counters do. - Uncle Joe

Thu, 01/17/2013 - 22:55 | 3165051 Mae Kadoodie
Mae Kadoodie's picture

Gubbermint Cheese.

Thu, 01/17/2013 - 22:56 | 3165053 max2205
max2205's picture

Who in the hell would live in NYC if they made 25 grand. Move!

Thu, 01/17/2013 - 23:06 | 3165079 secret_sam
Thu, 01/17/2013 - 23:07 | 3165059 IridiumRebel
IridiumRebel's picture

I love my walk through the's like the video game Pitfall. The exception is I am jumping over hungry snapping homeless people, instead of aligators, whose bed is a city grate where the only source of warmth spews forth. You literally cannot walk down the street without getting hit up by a change jar rattling vagrant. 

Thu, 01/17/2013 - 23:15 | 3165097 francis_sawyer
francis_sawyer's picture

They're 'hoping' for your 'change'...


See? Government DOES work!

Fri, 01/18/2013 - 08:01 | 3165598 overmedicatedun...
overmedicatedundersexed's picture

too many still post the voters voted them in, diebold and soros owned vote counting co's.. outcomes of the vote have the results programmed in,, nothing more..time to wake up your vote was stolen long ago and is accurate as bls employment data., there is no vote. it is a lie, understand we the people do not vote many examples such as washington state gov elections, you know or who would vote for a corrupt comedy baffoon for senator..time to wake up and see..or go back to eye's wide shut. 

Thu, 01/17/2013 - 22:58 | 3165060 Freedumb
Freedumb's picture

I know how to fix this. So basically what we need to do is load a helicopter up with a bunch of $100 bills...

Thu, 01/17/2013 - 23:03 | 3165070 A Lunatic
A Lunatic's picture

Bloomberg outlawed sugar and salt; what's left to fucking eat???

Thu, 01/17/2013 - 23:09 | 3165086 secret_sam
secret_sam's picture

da alcohjoakic drisnk are all srolll cheap../

empsty bottle.s are like ottum leaves

Thu, 01/17/2013 - 23:35 | 3165129 francis_sawyer
francis_sawyer's picture

Early polls are indicating that Manischewitz Wine is still available...

Wed, 01/23/2013 - 13:26 | 3179542 darteaus
darteaus's picture

Their "factory" is just one PATH stop away from Manhattan!

Thu, 01/17/2013 - 23:09 | 3165087 Freedumb
Freedumb's picture

Is tungsten edible?

Thu, 01/17/2013 - 23:19 | 3165101 darteaus
darteaus's picture

The rich!

Thu, 01/17/2013 - 23:39 | 3165140 hedgelessWhoresMan
hedgelessWhoresMan's picture

At about 80% democrats you'd think they do a better job redistributing wealth. Maybe they don't give a shit about redistributing wealth.

Thu, 01/17/2013 - 23:43 | 3165150 TyrannoSoros Wrecks
TyrannoSoros Wrecks's picture

or they just need an excuse to redistribute MOAR wealth.

Fri, 01/18/2013 - 00:57 | 3165289 dark pools of soros
dark pools of soros's picture

the poor are just a straw to pull taxes through


the poor barely hold onto any of that and just hand it to the corps..  disposable conduits... 

Fri, 01/18/2013 - 08:45 | 3165654 youngman
youngman's picture

oh they do want to redistribute wealth...your wealth ...not theirs...

Fri, 01/18/2013 - 10:31 | 3165934 GeezerGeek
GeezerGeek's picture

Like elevators, redistribution can go both ways. Ultimately, wealth is distributed upward.  

Thu, 01/17/2013 - 23:41 | 3165144 lolmao500
lolmao500's picture

If NYC, Chicago, Detroit, DC and San Francisco were nuked to ashes tomorrow, I would say good riddance.

Fri, 01/18/2013 - 00:59 | 3165292 Son of Loki
Son of Loki's picture can add LA to that list.

Fri, 01/18/2013 - 10:39 | 3165978 mvsjcl
mvsjcl's picture

You can checkmark Detroit off that list.

Thu, 01/17/2013 - 23:42 | 3165145 TyrannoSoros Wrecks
TyrannoSoros Wrecks's picture

Cliff Notes:

Big city Blue Zones run by crazed progressives are expensive to live in.

Thu, 01/17/2013 - 23:43 | 3165151 masaccio
masaccio's picture

John Galt predicted this would happen.

Thu, 01/17/2013 - 23:52 | 3165172 A Lunatic
A Lunatic's picture

So did Thomas Jefferson..........

Fri, 01/18/2013 - 01:15 | 3165314 Sandmann
Sandmann's picture

So did Karl Marx

Fri, 01/18/2013 - 06:56 | 3165553 Monedas
Monedas's picture

Karl Marx didn't predict poverty .... he lived it .... if he were alive today .... he'd be a SNAP carrying, OWS jerk .... washing windshields with his own urine !

Fri, 01/18/2013 - 08:47 | 3165657 jlindesay
jlindesay's picture

No, he'd be a hotshot derivatives trader, destroying the system from within. 

Fri, 01/18/2013 - 02:41 | 3165414 sethstorm
sethstorm's picture

Except that story encouraged economic sabotage that leads to this very situation.  That, and it underestimates the power of a government, empowered by disaffected citizens, to halt the damage.

Thu, 01/17/2013 - 23:47 | 3165164 yellowsub
yellowsub's picture

Funny that the projects are dwindling and rents on the rise...  Where will they live?

Fri, 01/18/2013 - 10:34 | 3165941 GeezerGeek
GeezerGeek's picture

Perhaps some newspaper will print a list of rich folks with their home addresses. Then the poor will know where to go when they want to camp out somewhere higher class than a sidewalk. 

Fri, 01/18/2013 - 00:33 | 3165246 Cman5000
Cman5000's picture

These people just want you to go away or die ..You are Not Economically Viable ...

Fri, 01/18/2013 - 00:37 | 3165252 EvlTheCat
EvlTheCat's picture

Fuck New York!

Fri, 01/18/2013 - 00:53 | 3165281 dark pools of soros
dark pools of soros's picture

"as 54% expect to need assistance (SNAP) in the next 12 months."

you could of said 12 years and everyone would believe it

Fri, 01/18/2013 - 00:56 | 3165285 farragut
farragut's picture

Anyone know what the ordinate scale is for the first graph: 1.0%? 0.1%? 0.01? Sure would be helpful....

Fri, 01/18/2013 - 01:18 | 3165318 joego1
joego1's picture

.o1 fortnights per furlong

Fri, 01/18/2013 - 02:05 | 3165378 linrom
linrom's picture

It doesn't matter, no one read the article. It they did, they would realize that the article talks about households making $25k or less. NYC is one of the most expansive cities to live, you need income of $100k. The same thing could be said about, Tokyo, Honolulu, San Francisco , Zürich or Oslo and on....



Fri, 01/18/2013 - 00:56 | 3165287 q99x2
q99x2's picture

Wealth is most readily redistributed at the end of a gun barrel.

Fri, 01/18/2013 - 10:35 | 3165955 GeezerGeek
GeezerGeek's picture

You are talking about the IRS, right?

Fri, 01/18/2013 - 00:57 | 3165290 Son of Loki
Son of Loki's picture

NYC sucks the Big One! I had to work there a few years ago and was told,"There's no crime...Guiliano took care of that."

BS! While there I saw one guy blown away at 10 feet by some crack head with a shotgun and was almost close enough to get blood splatter....however, I was close enough to pee in my pants. And the shooter just walks away calmly as if "all in a days work."

I hurt my ankle playing ball and had to go to the ER...never saw so much trauma and misery in my life....I walked out after three hours without being seen.

I was "mugged" twice at knife point; once in the subway and once in broad one stopped ...they barely seemed to notice.

You can have that there Big Apple. If you are not a banker making $5 million a year, NYC is NO place to be imo.

Fri, 01/18/2013 - 01:23 | 3165326 realtick
realtick's picture

Don't forget about the blackouts, terrorist attacks and hurricanes.

Fri, 01/18/2013 - 01:30 | 3165338 ltsgt1
ltsgt1's picture

You are a BS artist. The favorite weapon of choice in the big apple is handgun. A lot of shooting here but exrememly rare via rifle and shot gun, homicide rate is down due to better ER and technology, knives are used mainly in bar brawls and street fights, not robberies.

NYC does suck. EDPs are shoving passengers off the subway platform onto oncoming trains like it's a sport.

Fri, 01/18/2013 - 05:40 | 3165528 CheapBastard
CheapBastard's picture

Crack is NYC's middle name. I read last week some kid on the East Side got killed because he wouldn't give the thugs his jacket:


A Lower East Side teenager was senselessly slaughtered after he refused to hand over his trendy Marmot winter parka to a gang of thugs, police sources said yesterday....Ward, whose Facebook name was “BloccBoy Tokyo” took one fatal bullet to the chest....


Great place to live, sound slike...

Fri, 01/18/2013 - 14:07 | 3166741 Aurora Ex Machina
Aurora Ex Machina's picture

"If a man shits himself in combat, I'm not worried - that's usual, it's the body's way of quickly shifting things around so blood goes to somewhere it's needed more. He's still useful and he'll keep on fighting, although it might make the fox hole a bit unpleasent to stay in; now, if a man pisses himself, that means he's lost all nervous control. You might as well shoot him yourself, he ain't saving you or his fellow soldiers". [Anon]

Fri, 01/18/2013 - 15:18 | 3167103 akak
akak's picture

"If a Chinese citizenism citizen shits himself in the course of soiling the roadside, I'm not worried - that's usual, it's the body's way of quickly shifting things around so nightsoil goes to somewhere it's needed more. He's still useful and he'll keep on working, although it might make the FoxConn sweatshop a bit unpleasent to stay in; now, if a man pisses himself in the course of his 18 hour workday, that means he's lost all nervous control. You might as well shoot him yourself, he ain't saving you or his fellow laborers". [AnAnon]

Fri, 01/18/2013 - 01:14 | 3165313 Sandmann
Fri, 01/18/2013 - 01:29 | 3165337 Sizzurp
Sizzurp's picture

This is the end result of the Fed's misguided model to happiness, load the economy up with debt based fiat currency and ever expanding credit to infinity and beyond.  It works great at getting the bankers rich, for awhile anyway, but eventually it fails, and everyone gets screwed. This is how civilizations die, witness the fall of Rome happining before your' eyes.    

Fri, 01/18/2013 - 01:38 | 3165346 joego1
joego1's picture

I went there once toanIEEE convention.Stayed in the Hilton in Manhattan. Everything about the place gave me the creeps. Especially having to go everywhere in a fucking elevator. The windows don't open in a high rise and you have to breath the same air as the guy slamming his whores head into the wall at 4 am. For some reason they feel that they need to collect garbage by launching garbage bins into brick walls in the middle of the night.  Everything smells like piss and dogshit shit or fumes. All the cops look like they are going to bust ya if you look at the cross eyed. 

Fri, 01/18/2013 - 01:51 | 3165356 akak
akak's picture


Everything smells like piss and dogshit shit or fumes. All the cops look like they are going to bust ya if you look at the cross eyed.

Now THAT is the true sign of a crappy city --- even the dogshit leaves shit!

(AnAnonymous, eat your Sharpei's heart out.)

Fri, 01/18/2013 - 02:15 | 3165386 Freddie
Freddie's picture

The hotel rooms are about the size of a rabbit hutch.  I stayed there one night and it was near the airport. I hated it but I hate most big cities.

Fri, 01/18/2013 - 02:58 | 3165432 Cosimo de Medici
Cosimo de Medici's picture

That's too bad, Freddie. I remember staying at the Penthouse of the Sherry-Netherland, when it was still a hotel, and I had plenty of room on each of the floors.  Had some friends over, room service....good time.  I guess you should have studied harder in school, eh?  You're sure lucky you weren't born in Bangladesh or somewhere where society doesn't just hand out opportunity to the less than capable like the America of your youth did.  Whole different ballgame, and Darwin rules.  And damn, there's a Moslem in EVERY house, not just the white ones.  Not much TV, though, so should fit you.

Fri, 01/18/2013 - 11:12 | 3166098 awakening
awakening's picture

'I guess you should have studied harder in school, eh?'

I don't know, perhaps Freddie is smarter than he appears to be around ZH (it's the Internet after all) and chose to put his money into better things than an overpriced stay at a hotel.

As for me: sleep is sleep, a bed is a bed, and I know I'd trade in the difference in asking price between the two for more important things than experiencing another stay in some plush hotel.

Fri, 01/18/2013 - 03:49 | 3165464 Yen Cross
Yen Cross's picture

 Mr. Bloomberg over Niagra falls in a 32 oz slurpee.

Fri, 01/18/2013 - 03:50 | 3165466 akak
akak's picture

William Banzai, get to work!

Fri, 01/18/2013 - 03:59 | 3165468 Yen Cross
Yen Cross's picture

Mine is black. Notice the stone guard on the rocker panels. bb512i  that car has rear brake vents. My car is original


Fri, 01/18/2013 - 04:19 | 3165473 akak
akak's picture

Wow.  Your trading skills are apparently better than I had imagined.


BTW, I believe that that is the precise babe magnet that Borat was looking for.

Fri, 01/18/2013 - 04:23 | 3165481 Yen Cross
Yen Cross's picture

 Akak I'm middle aged loser. I Use my cars to pick  up chicks.

  Women are the last thing on my list. Ben there banged that<

Fri, 01/18/2013 - 05:04 | 3165505 akak
akak's picture

Hey, if you own that car and are flying multi-engines, you are almost certainly no loser.

Everyone plays to their strengths.

Fri, 01/18/2013 - 04:13 | 3165475 Yen Cross
Yen Cross's picture

 Ferraries kick ass. ( a clutch in a ferrari 328GTSi) 10 grand.  My 928 GTS (1996)clutch was 3 grand. My 1985  single plate into 1986 928s-4 clutch was  about 2.7 k,  My 1984 928s clutch was the same , but porsche bumped the HP and engine displacement to a full 5 litres, in 86 and went to a single plate disc. I Fryed a few of those. Those were 2,3k a pop.

  I won't even go into the ZO^6s I ruined. Anyone that knows me knows what A madman i am.

Fri, 01/18/2013 - 06:52 | 3165548 Monedas
Monedas's picture

Get an automatic .... before you slip a disc in your back .... cost $100,000 .... + !          Monedas      1929      Comedy Jihad The Cost Of Slipping In Your Bath Tub On A Banana Peel World Tour    

Fri, 01/18/2013 - 08:16 | 3165617 GCT
GCT's picture

I loveed my 928 it was a pussy machine.  That car was one expensive vehicle to fix though.  Some soccer mom ran a stop sign and totaled it. Some advice never buy a car with an aluminum body.

Fri, 01/18/2013 - 05:02 | 3165504 lemarche
lemarche's picture


Fri, 01/18/2013 - 08:45 | 3165655 strangeglove
strangeglove's picture

If you got to ask you can't afford it!

Fri, 01/18/2013 - 06:33 | 3165539 Disenchanted
Disenchanted's picture

One Day Only NYC: Free Crusts and Gruel(pareve)

Locations: 200 West St. & 33 Liberty St.

Bring your Hongry Friends...No Zombies or ZH Traders Welcome

Fri, 01/18/2013 - 07:26 | 3165580 egoist
egoist's picture

I wonder how Washington DC (our beloved enclave of the brave, worthy and omniscient gods) stacks up against NYC on this food-dimension? I ran into uber-rich and mooches in both cities. But WDC seems to have a lot of uber-rich-mooches; odd, me thinks.

Fri, 01/18/2013 - 08:02 | 3165601 MFLTucson
MFLTucson's picture

This is the stste that Andrew Coumo told the country it should emulate with gun control because they were the leaders of the USA.  Good job Andy, you are following perfectly in your fathers footsteps.

Fri, 01/18/2013 - 08:09 | 3165611 Brokenarrow
Brokenarrow's picture

The day I cant eat is the day bankers will not be safe. Or, I will be dead.

Fri, 01/18/2013 - 08:42 | 3165647 youngman
youngman's picture

The leftist politicians always have to have a "victim"....the poor is one of them...the poor in this country are very very well off.....go to India..or Africa to see some POOR...

Now go back 100 years.....what did they do then......they survived without all the subsidies...sure they were hungry...but they learned the jobs..saved...and moved upwards and onwards.....I think being poor is a great motivator....getting guaranteed handouts for life is not

Fri, 01/18/2013 - 08:51 | 3165665 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Bloomberg for a 4th term, back to Feudalism!

Serf's up NYC ...

Fri, 01/18/2013 - 08:51 | 3165666 irie1029
irie1029's picture

That coupled with lowest herd population in over 50 years it is going to get tougher.


Fri, 01/18/2013 - 09:16 | 3165699 DrDinkus
DrDinkus's picture

1st avenue by my apt 'hospital alley' is full of 'zombies'. my belgian roommate is in awe every time he walks down the street. so this is america...

Fri, 01/18/2013 - 09:50 | 3165742 Future Jim
Future Jim's picture

The article didn't mention that:


  • NYC proivdes the most services for poor people of anywhere in the US (so I've been told by a fan of NYC).
  • The poor could move out of NYC to a cheaper place.
  • The poor either didn't vote, or they voted for Obama.

It says that cheap food is unhealthy. Would that be rice, beans, eggs, and apples?

Fri, 01/18/2013 - 09:48 | 3165768 Doode
Doode's picture

NYC is the most expensive city in the country and one of the most expensive in the world - what are $25K families doing there? It is like pleading for Lindsay Lohan who cannot afford to live in Beverly Hills anymore - wow, sorry if I do not view it as such a catastrophy. 90% of so called low income families are literally degenerates anyways. How about relocate them to North Dakota where they need people to drill? All these Foodbank and EBT programs subsidize local supermarkets and employers not willing to pay the true wages. Stop all subsidies and only help with relocation out - the rest will see their wages go up, crime levels down, less crazy people and generally a more cordial environment. Hope Bloomberg does it before he leaves.

Fri, 01/18/2013 - 10:02 | 3165819 d edwards
d edwards's picture

The answer is simple: eat the rich.  sorry.

Fri, 01/18/2013 - 15:57 | 3167243 Dollar Bill Hiccup
Dollar Bill Hiccup's picture

Cleaning toilets, emptying bed pans, working in food stands, convenience store clerks, etc. etc. etc.

Fri, 01/18/2013 - 10:01 | 3165788 Future Jim
Future Jim's picture

We elites are right wing extremists, but we spend much of our resources promoting progressivism, fascism, socialism, communism, collectivism, and political correctness - not just because they make the serfs more dependent - but also because they slow down innovation. Our conscience is clear because a majority of serfs freely support us in our promotion of all flavors of collectivism.

Innovation must be managed. Innovation can empower the little guy and make him think he doesn't need those of us having superior genes to make decisions for him.

Innovation can make the serfs uppity, in the vernacular, as it were. For example, the Internet Reformation makes many serfs feel like they are just as smart as (or smarter than!) we are! Therefore, we can't have unbridled innovation, or else we might get another Internet Reformation before we can stop it. We have yet to complete our control of the Internet itself, so we certainly can’t allow another black swan event like that.

It is true that unbridled innovation would be necessary to support the exponential growth in serf population, but there were already too many serfs anyway. The earth has limited resources, and only those having superior genes deserve to inherit the earth. Slower innovation will thus reveal the urgent necessity of our final solution, which will thus become more acceptable to those elites and useful serfs who were previously reluctant about what must be done.

Slower innovation is thus a good thing.

The serfs have known that the free market works best for them for at least 400 years, and they still choose to sacrifice their children's future for the short term trinkets we give them. It is their choice.

The free market is an abomination that punishes our superior breeding and rewards that greedy lower class mentality. The free market is anarchy. The success of the common man in the free market is thus proof of his inferior genes. That is why – that government is best, which regulates most.

The serfs have all the information they need to know that we cannot compete in a free market, but they still vote for regulation. It is their choice

When we promise them other people's money, they have all the information they need in order to know that they are those other people. Therefore, if they are blinded by their greedy lower class collectivist mentality, then that is still their choice.

We reveal our plans because everyone must freely choose, and thus our conscience is always clear. We simultaneously offer powerful temptations that will only deceive those who willfully ignore reality and who thus have inferior genes.

We thus respect: those who know that when we are all on the same page, we all benefit, and those who know that we have the right to implement any good idea, and those who know the end justifies the means, and those who accept their place.

Conformity and hierarchy are thus not a necessary evil. They are a necessary good.

Some elites claim that our principles of conformity and hierarchy make us no different than the serfs, who we manage by appealing to their desire for conformity and hierarchy. What these elites seem to forget is that the reason we are superior is  because we are smarter. Conformity among the serfs is only wrong because they are imitating those with inferior genes, and hierarchy among serfs is only wrong because they are following those with inferior genes.

Although we are the most highly evolved humans, a new theory posits that conformity and hierarchy are actually the Soul of Animals, and are thus the peak of animal evolution, and that the peak of human evolution is the Soul of Humanity.

Some elites accept these theories, but it does not change our plans because we are thus acting in self defense against the encroachment of the perverse evolutionary course referred to as  the Soul of Humanity. Without conformity and hierarchy, the Soul of Humanity is incomplete and would lead to anarchy! One could thus summarize our goal as a crusade to kill the Soul of Humanity, although most of us just see it as killing off reactionary genes.

Some elites claim that the Soul of Humanity is very much like our founding principles, and that we have lost our way. Such elites have obviously been deceived by our own propaganda intended to pacify the masses.

Fri, 01/18/2013 - 10:57 | 3165975 Stuck on Zero
Stuck on Zero's picture

New York, like most major metropolitan centers, produces nothing but consumes vastly.  The city lives off of laws that tax the producers in the suburbs and rural communities.  Someone once posed the question: "What good ever came out of a high-rise?"  Not products, not art, not cars, not food, or appliances, or homes.  Just writs, rules, addenda, codicils, tax bills, liens, regulations, graft, and regulations.



Fri, 01/18/2013 - 11:03 | 3166068 HeatMiser
HeatMiser's picture

Welcome to little Tel Aviv. Serve us or move.

Fri, 01/18/2013 - 11:37 | 3166224 Elmer Fudd
Elmer Fudd's picture

What about that generous Trickle Down Effect?

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