All that will happen is what is happening in Kali-pornia.. The companies and rich will leave and allow it to implode upon itself. Socialism doesn't work! Not ever!

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By JOshua Caplan

New York City Mayor Bill de Blasio turned up the volume on his progressive rhetoric in his sixth State of the City address Thursday, pledging to redistribute money from the haves to the have nots with a series of new initiatives

De Blasio promised to make life better for workers, tenants, and retirees in the wide-ranging speech, promising to create a city-managed retirement fund for those who lack access to employer-sponsored funds, as well as a new Office to Protect Tenants.
“Imagine a city where New Yorkers can live their lives more fully,” de Blasio told the audience at Symphony Space in Manhattan. “That’s the quality of life I want for every New Yorker.”

The progressive mayor also promised to provide free glasses to any kindergartner and first-grader who needs them and to rebrand the city Department of Consumer Affairs as the Department of Consumer and Worker Protection. The new proposals come after de Blasio unveiled plans earlier in the week to expand health coverage for low-income New Yorkers and mandate paid vacation days for private-sector workers.

Under the proposal, NYC Care will guarantee health care for approval 600,000 people without health insurance in New York, regardless of their ability to pay or immigration status. Politico reported the program is expected to come with a $100 million price tag and new taxes are not expected to be introduced to pay for it. De Blasio touted the plan in an interview with MSNBC Tuesday, beaming that it had “never been done in the country in a comprehensive way.