By Sung Soo Kim
For the first time in over a century, NYC as the Gateway to America for immigrants to achieve the American Dream has been closed. All of the centuries of risk, hard work and scarifies made leading to success for immigrant business owners is being destroyed. The greatest transfer of wealth from hard working successful entrepreneurs to speculators and profiteers has taken place in NYC over the past two decades.
The Democratic Party is fully responsible for this historic destruction of our city’s diverse capitalistic economy. In the face of a growing economic crisis, they have willingly joined in “rigging the system” with the big real estate lobby (REBNY) to deny any real solution to save our mom and pop businesses, the majority of which are owned by immigrants who employ immigrant families.
Thirty four years ago myself, along with several Korean business leaders began a campaign to recruit Korean families to invest their life savings in opening small businesses in NYC. To calm their fears of crime, drugs and clashes of cultures in some communities, I founded, along with a few Korean business leaders, The Korean American Small Business Services Center, to help them start their businesses and be present at all times to deal with their problems. Korean families came by the thousands to risk everything in NYC. I was not prepared for the biggest challenge they would face nor had I any idea it would be caused by our own democratic government.