Mayor-elect Eric Adams knows Wall Street fuels New York

Eric Adams threw out the lefty recipe for class warfare and went in big on wooing the ­fat-cat sector. 
And it worked. 
It’s a remarkable contrast from what we’re used to hearing from New York Democrats and the party as a whole. 
While Uncle Joe was repeating in that strange, hushed voice “pay your fair share” for his multitrillion-dollar spending spree, our newly elected mayor was meeting and dining with an array of Wall Streeters and business types in Manhattan, telling them he doesn’t want to tax them out of town.

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Larry Fink shakes big bucks from lefty Joe’s Environmental Social Governance

The revolving door between Washington and Wall Street always stirs passionate objections from progressive good-governance groups — except, it appears, when it involves corporate wokeism. 
For proof, all you need to do is ­unpack the Biden administration’s so-called Environmental Social Governance agenda and its ties to BlackRock, the world’s biggest money-management company headed by Larry Fink, which manages more than $9 trillion in assets.

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Taxed rich could desert Eric Adams’ NYC

Our likely mayor, Eric Adams, has been making the rounds lately, telling small groups of wealthy businesspeople how dangerous it is to have so few New Yorkers paying so much of the city’s taxes. He says he’s trying to convince his fellow progressive Democrats to stop penalizing the rich before he loses his entire tax base to Florida. 
Give Adams credit for recognizing that rich people employ the working class, pay for the stuff we provide the poor and will always find ways to avoid higher taxes — like leaving NYC.

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Democrats’ latest terrible idea — taxing profits that don’t exist

If you need further proof that a vote for uncle Joe Biden actually was a vote for socialist Bernie Sanders, look no further than the loopy proposal the administration is now floating that will tax people on profits that don’t exist.
No, I didn’t just make that up.
To pay for the $5 trillion love letter to progressives, the Democrats have floated taxing “unrealized capital gains.” Essentially it’s a way to tax people based on their wealth, not their income.

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Gensler all wet with overregulation would sink ‘meme’ markets

BEVERLY HILLS, Calif. — Gary Gensler and his Democratic colleagues on the Securities and Exchange Commission will try to sell their long-awaited report on the “meme stock” trading frenzy as a clarion call for more regulation.
But if you remove the report’s propaganda, it shows that our markets work pretty well. Even better, small investors have never been protected more from abuse than they are today.
Of course, the Biden administration doesn’t want you to see the glass-half-full version of the trading madness that occurred earlier in the year.

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Gensler all wet with overregulation would sink ‘meme’ markets

BEVERLY HILLS, Calif. — Gary Gensler and his Democratic colleagues on the Securities and Exchange Commission will try to sell their long-awaited report on the “meme stock” trading frenzy as a clarion call for more regulation.
But if you remove the report’s propaganda, it shows that our markets work pretty well. Even better, small investors have never been protected more from abuse than they are today.
Of course, the Biden administration doesn’t want you to see the glass-half-full version of the trading madness that occurred earlier in the year.

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Clayton, Gensler behind looming over-regulated crypto disaster

A private meeting between then-Securities and Exchange Commission Chair Jay Clayton and a newly minted professor at the MIT business school named Gary Gensler appears to have set the stage for the misguided course of crypto-regulation we see today. 
Gensler, of course, would go on to take Clayton’s job after Joe Biden’s 2020 presidential victory. It’s unclear if the hyper-ambitious Gensler was actually prepping for that outcome by asking for the meeting. What is unmistakable: his intention to shape regulatory policy for crypto that has increasingly become a disaster.

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Fed to the lions: Jerome Powell’s ‘taper’ chase may cost him his job

Jerome Powell should be a layup for a second term as Federal Reserve chair, and yet he’s not. 
The problem stems from Powell’s plans to begin “tapering,” or ending the Fed’s massive printing of money through asset purchases in the bond market. That’s leaving him vulnerable on reappointment, a growing number of Wall Street Fed watchers tell me. 
The bear case for Powell starts when his tapering exposes the big lie being promulgated by the Democratic leadership that their new spending plan is “paid for.

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Fed to the lions: Jerome Powell’s ‘taper’ chase may cost him his job

Jerome Powell should be a layup for a second term as Federal Reserve chair, and yet he’s not. 
The problem stems from Powell’s plans to begin “tapering,” or ending the Fed’s massive printing of money through asset purchases in the bond market. That’s leaving him vulnerable on reappointment, a growing number of Wall Street Fed watchers tell me. 
The bear case for Powell starts when his tapering exposes the big lie being promulgated by the Democratic leadership that their new spending plan is “paid for.

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Still-young crypto industry could grow stronger — if SEC allows it to thrive

The noise surrounding the $2.2 trillion crypto industry often drowns out the reality that we are on the verge of something revolutionary. If things go right, crypto and the blockchain technology could usher in the next Internet revolution. 
Things are now going terribly wrong. The US stands the very real chance of killing this business here by driving digital innovation overseas and ceding advancements to other countries including Communist China.

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