Bloomberg: NYC's wealthy benefit city - New York News

Bloomberg: NYC's wealthy benefit city

Posted: Updated:
Mayor Michael Bloomberg Mayor Michael Bloomberg

NEW YORK (AP) - Michael Bloomberg says the reason there's such a big income gap between the poor and rich in New York City is that the city attracts so many wealthy people.

He says it would be a "godsend" if every billionaire came to live in the city because they pay a lot of taxes. The billionaire mayor says those taxes fuel the city's economy and help people throughout the rest of the income spectrum.

Bloomberg made his comments Friday on his weekly WOR radio show. He was responding to a question about new Census data that showed an increase in the city's poverty rate and a wide gap between the poor and rich.

Copyright 2013 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

  • Local NewsLocal NewsMore>>

  • 2 U.S. marshals, 1 NYPD detective shot in Manhattan

    2 U.S. marshals, 1 NYPD detective shot in Manhattan

    Monday, July 28 2014 2:32 PM EDT2014-07-28 18:32:05 GMT
    Two deputy U.S. marshals, an NYPD detective, and a sexual assault suspect have been shot in a shootout in lower Manhattan, officials said. Speaking at a news conference, Mayor Bill de Blasio said the marshals and cop were taken to a local hospital with apparently non-life threatening injuries.
    Two deputy U.S. marshals, an NYPD detective, and a sexual assault suspect have been shot in a shootout in lower Manhattan, officials said. Speaking at a news conference, Mayor Bill de Blasio said the marshals and cop were taken to a local hospital with apparently non-life threatening injuries.
  • Massive brawl at NJ wedding

    Massive brawl at NJ wedding

    Monday, July 28 2014 2:24 PM EDT2014-07-28 18:24:34 GMT
    As many as 300 people became involved in a massive brawl at a New Jersey wedding hall that ended with two arrests on Sunday night.  Middletown police say that the fight broke out at about 10:30 p.m. at the Jacques Reception Hall on Palmer Ave. in Middletown.
    As many as 300 people became involved in a massive brawl at a New Jersey wedding hall that ended with two arrests on Sunday night.  Middletown police say that the fight broke out at about 10:30 p.m. at the Jacques Reception Hall on Palmer Ave. in Middletown.
  • Accused Long Island cop killer found guilty

    Accused Long Island cop killer found guilty

    Monday, July 28 2014 12:49 PM EDT2014-07-28 16:49:08 GMT
    An ex-convict suspected of gunning down a Nassau County police officer and then fatally shooting a carjacking victim was found guilty on all counts in the murders on Monday. Darrell Fuller, 33, shot and killed Police Officer Arthur Lopez in October 2012 who suspected he had been involved in a hit-and-run car accident. Authorities said Fuller then fled that shooting and killed the second victim, Raymond Facey of Queens, while stealing his vehicle.
    An ex-convict suspected of gunning down a Nassau County police officer and then fatally shooting a carjacking victim was found guilty on all counts in the murders on Monday. Darrell Fuller, 34, shot and killed Police Officer Arthur Lopez in October 2012 who suspected he had been involved in a hit-and-run car accident. Authorities said Fuller then fled that shooting and killed the second victim, Raymond Facey of Queens, while stealing his vehicle.
Powered by WorldNow
Didn't find what you were looking for?
All content © Copyright 2000 - 2014 Fox Television Stations, Inc. and Worldnow. All Rights Reserved.
Privacy Policy | Terms of Service | Ad Choices