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I’ve said this before: Wall Street’s health is directly tied to the health of Main Street; no where is this more evident than in my district where critical social programs, like public education, are funded by tax streams tied to the financial sector.https://www.nytimes.com/2019/02/07/nyregion/nyc-revenue-taxes-budget.html …
As Chairman of the House Committee on Consumer Protection and Financial Institutions, my focus will be encouraging a safe, sound and strong financial sector that does right by both investors and consumers alike. We can do all of these things.
Furthermore, we must continue to diversify New York City’s economy and encourage growth in non-financial sectors like the tech. Our investments in emerging sectors should encourage broad economic growth that could support our City’s robust social programs.
That's an aspirational belief, but Wall Street has largely decoupled their profits from the well-being of Main Street. Occupy Wall St & Tea Party (pre co-opted by Koch bros) was the splash back on this fact. The status quo keeps on going, whistling past their own grave.
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