One of the pet villains of this site, Kathryn Wylde of the New York City Partnership (now apparently calling herself “Kathy” to seem more of a woman of the people) has returned to her highest and best use: saying things on behalf of the rich and Big Finance that they’re too circumspect to say themselves. As we’ll see shortly, Wylde is doing her official water-carrying for the preservation of the standing of the well-off by launching an “alert” opposing New York State plans to raise taxes to shore up the city’s shaky finances.
Wylde has a history of telling howlers to defend the funders of her business lobby, as a quick gander through our archives show. Recall that we supported Eliot Spitzer’s run for New York City Controller, since that would put him in charge of the city’s pension system, where he would be ideally positioned to take on the way private equity grifts at investor (and ultimately taxpayer) expense. Of course Wylde was not happy about the idea. From a
Business Leaders Warn Tax-the-Rich Bills Will Leave New York Poorer. But Don’t Call it a Threat to Pull Up Stakes.
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Hiram Alejandro Durán/THE CITY
The city’s big-business leaders say they find themselves caught between a rock and a hard place.
The rock is the suggestion from leaders in Albany that the only way to stem momentum for an income tax increase on the wealthy is for the city’s leading CEOs to go public with threats to move thousands of jobs. CEOs see this as impossible: It would anger their employees and might set off the very exodus they are seeking to avoid.