This is what Polymarket posted
Mamdani proposed the city-owned stores not have to pay rent or overhead taxes, leading to lower consumer prices. They would buy and sell groceries at wholesale prices, centralize warehousing and distribution, and partner with local neighborhoods to source products.
Thats a great idea actually
The government has a responsibility to ensure policies drive affordable food prices, but a government run grocery stores seems like a terrible idea.
City-owned, does this mean all 'profit' goes back into the city and the business is not operated in a way to maximize profit?
If they're selling at wholesale prices, there won't be any profit. That's the idea.
It's a good idea. Food should be distributed as efficiently as possible, and a city funded by people's taxes should do that for them. It makes total sense. And sourcing products from local businesses is just a bonus.
Grocery stores don't have a lot of margins, so this move won't reduce prices by much or at all. What it will do is improve low income areas the "market" has left alone to improve the availability and quality of nearby food. I've heard a lot of people skeptical of the "lower prices" part, when I think the food desert part is a much more important part of the plan tbh.
They have low margins because they have high costs (like rent, logistics and insurance stuff), so if those get reduced then they can lower prices by exactly that amount while keeping the same margin.
That makes sense, but it does mean the private grocery stores won't lower their prices in response. So unfortunately it won't have as good of an effect as affordable housing can have, but still a positive one where these are created.
I agree, socialism is a great idea.
Lmao his response was great: https://archive.is/JdNYG
I'm not sure what you're trying to link but here is the actual response.
https://xcancel.com/NYCMayor/status/2019105073423327680?s=20
Everyone in the comments is acting so surprised, like did they think he would turn into a square just because he won an election?
But then again, it's twatter, so anyone still on there is either an uncritical automaton or a neonazi...
It's an archived version of the tweet
Ah, it wouldn't load for me
Polymarket's "free grocery store" will not be permanent. It will be a limited time, 5 day pop-up.
Welcome to the News community!
Rules:
1. Be civil
Attack the argument, not the person. No racism/sexism/bigotry. Good faith argumentation only. This includes accusing another user of being a bot or paid actor. Trolling is uncivil and is grounds for removal and/or a community ban. Do not respond to rule-breaking content; report it and move on.
2. All posts should contain a source (url) that is as reliable and unbiased as possible and must only contain one link.
Obvious right or left wing sources will be removed at the mods discretion. Supporting links can be added in comments or posted seperately but not to the post body.
3. No bots, spam or self-promotion.
Only approved bots, which follow the guidelines for bots set by the instance, are allowed.
4. Post titles should be the same as the article used as source.
Posts which titles don’t match the source won’t be removed, but the autoMod will notify you, and if your title misrepresents the original article, the post will be deleted. If the site changed their headline, the bot might still contact you, just ignore it, we won’t delete your post.
5. Only recent news is allowed.
Posts must be news from the most recent 30 days.
6. All posts must be news articles.
No opinion pieces, Listicles, editorials or celebrity gossip is allowed. All posts will be judged on a case-by-case basis.
7. No duplicate posts.
If a source you used was already posted by someone else, the autoMod will leave a message. Please remove your post if the autoMod is correct. If the post that matches your post is very old, we refer you to rule 5.
8. Misinformation is prohibited.
Misinformation / propaganda is strictly prohibited. Any comment or post containing or linking to misinformation will be removed. If you feel that your post has been removed in error, credible sources must be provided.
9. No link shorteners.
The auto mod will contact you if a link shortener is detected, please delete your post if they are right.
10. Don't copy entire article in your post body
For copyright reasons, you are not allowed to copy an entire article into your post body. This is an instance wide rule, that is strictly enforced in this community.