From NY Post:
Mayor Bloomberg went on a spitting-mad rant against a city cab-fleet boss who won a court victory over Hizzoner’s planned “Taxi of Tomorrow” — vowing to “destroy your f–king industry” when he leaves office, The Post has learned.
A fuming Bloomberg made the threat against Taxi Club Management CEO Gene Freidman at Madison Square Garden’s private 1879 Club during last Thursday’s Knick playoff game, a witness said yesterday.
“It was like Gene had kidnapped his child. He used the f-word twice,” the witness said.
Freidman confirmed the blow-up to The Post, and said Bloomberg’s tirade included the warning that, “After January, I am going to destroy all you f–king guys.”
That’s bad news for Bloomberg’s political enemies, who could all become targets once the revenge-minded billionaire has nothing but time on his hands.
“He turns to me, and said, ‘Come January 1st, when I am out of office, I am going to destroy your f–king industry.’
Yahoo Finance looked at the logistics of it:
There aren’t a lot of people who can credibly threaten to upend an entire microeconomy. The mayor is a billionaire, though, and he might just have the wherewithal to make it happen. So how might he go about it?
…the laws that have allowed cabbies to block Mayor Bloomberg’s top-down technocratic paternalism while in office are the same ones that keep Uber from disrupting the the hired car sector from below. So if Bloomberg is serious about this smashing-the-yellow-cab-monopoly thing—and please, let him be—what does he have that Uber doesn’t? The answer is the distinguishing feature of his entire political career, from the shift in party allegiance that marked his first mayoral run to his quixotic campaign to enact gun safety rules: His firm belief that money well-deployed can buy any political outcome. And, of course, that $27 billion.
A heavily regulated marketplace creates high barriers to entry, but sufficient capital can break through them. Uber has raised $50 million since 2010, and while it doesn’t release revenue figures, it’s clearly in a precarious position when it comes to fighting regulatory lawsuits and city rule-makers. But a Bloomberg-funded trade group, with publicists, lobbyists and lawyers could open the legal doors, while Uber and the like force mobile efficiencies into the sector.
And then the market will provide all the destruction a megalomaniacal billionaire could want.
Keep in mind once again, this is the same megalomaniacal billionaire paternalist dictator tyrant who’s after your rights as a citizen, whether it be to enjoy a Big Gulp soda or to own tools of self defense. He will use the force of government against you because he can bend government to his desires – a government of, by and for Bloomberg to crush the little people like you.
He will erect barriers to entry and regulatory barriers to destroy companies that he dislikes, and he will lobby for and buy politicians to inflict any of his whims on anyone, anywhere, as we’ve already seen in Colorado.
He is on a mission to “f***ing destroy” you, too.