​​​The DSA—particularly in New York—is targeting the business, finance and real estate communities through new taxes and regulations intended to promote affordability and redistribution. But these policies are likely to produce economic stagnation and damage New York’s position as a hub for technology,  AI and foreign investment. New York’s wealth exodus is already real.

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Because Jews are prominent in New York real estate and Israelis are prominent in the city’s technology sector, both groups have strong stakes in the DSA’s impact on the economy. But the potential damage extends far beyond one group.

 

Business and real estate communities across the city—and nation—share interests that create another opportunity for effective coalition-building.

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The DSA prioritizes aggrievement over achievement; they seek ownership over assets they have not earned.