Jim Epstein on New York City's Affordable Housing Bonanza for the Rich
Housing subsidies go to families making up to $193K.
New York City Mayor Bill De Blasio (D), who ran on a promise to reduce inequality, is allowing upper middle class professionals with household incomes as high as $193,000 to tap into government housing subsidies so they can continue living in posh areas of Manhattan and Brooklyn.
In a city in which one in five households lives below the poverty line, writes Jim Epstein, applying limited government resources to such a purpose is obscene.