Yes, this is how $$$ is re/distributed in NYC. Just how it works. It's intentional.

We have billionaires, and everyone else. The billionaires don't want guillotines on Park Avenue, so they "re/distribute" wealth to keep the Proletariat happy. More workers, more paychecks, more fed "middle class" people. For another 2 years.

In most communities, the super wealthy are behind iron gates, security forces and brick walls. It's not like that in NYC, so things kind of "work themselves out."

It's this been this way for decades. Seems to work. No one is complaining much. It's a "jobs" program.

Source: here since the Dutch, I think?