Seinfeld, in a New York Times op ed Montag, claimed that Altucher himself “is not going to bounce back”.
“I don’t know why Seinfeld had to be personal in his attack,” Altucher told host Maria Bartiromo. “He doesn’t know me at all, but instead I focus on what the solutions can be and let’s look at the facts of the problems.”
“The city is heading towards bankruptcy,” he explained.
“They have already announced that on August 31 they will be sending out 22,000 pink slips for critical workers: police, MTA workers, emergency responders, the people who are on the front lines fighting the virus, they are about to be fired.”
Altucher noted that he has a great deal of respect for Seinfeld, adding, “I don’t know why Jerry doesn’t focus on that more and instead has something of a random personal attack on me.”
Referring to Altucher’s move to Florida in the comment, Seinfeld said he couldn’t think of “a more fitting retaliation” for the article.
“This nonsense virus will eventually give up. As are you,” Seinfeld wrote. “We’ll move on to New York City, if that’s okay with you. And it will definitely come back.”
Altucher said he’s still a permanent resident who plans to retire and wants the city to do well, but just doesn’t see it when he looks at the facts.
Altucher said the Big Apple has a “big problem” with it VAT Revenues fall and deficits rise.
“About a third of New York City’s restaurants and small businesses may already be permanently closed,” he said. “Vacancy rates are higher than ever before and will continue to rise. About every fourth resident has not paid rent since March.”
“This is a serious problem. You can’t run a city where revenues are falling, deficits are rising and all the citizens are moving away.”
Altucher argues that if anything happens at all, there will be no quick recovery.