U.S. CitiesCity-Data Forum Index
Go Back   City-Data Forum > U.S. Forums > New York > New York City
 [Register]
Please register to participate in our discussions with 2 million other members - it's free and quick! Some forums can only be seen by registered members. After you create your account, you'll be able to customize options and access all our 15,000 new posts/day with fewer ads.
View detailed profile (Advanced) or search
site with Google Custom Search

Search Forums  (Advanced)
Reply Start New Thread
 
Old 07-26-2013, 03:18 PM
 
23,274 posts, read 16,114,118 times
Reputation: 8550

Advertisements

Quote:
Originally Posted by 85dumbo View Post
NYC, depite having similar bloated union entitlements that bankrupted detroit, can avoid bankruptcy buy continuing to tax the hell out of the wealthy, which we have no shortgage of as long as Wall Street exsists.

The problem with detroit is that all the rich people left, there was no one to tax the hell out of.
Everything was fine and dandy until you run out of other people's money to spend.
The wealthy can always move their money, assets, and themselves out of NYC.

So no, NYC can't just arbitrarily taxes the wealthy. In fact, certain big companies get tax credits for staying or doing business here. The city might be pressured into further cutting the budget. I can't see them raising taxes.
Reply With Quote Quick reply to this message

 
Old 07-26-2013, 04:53 PM
 
Location: Bronx
14,898 posts, read 17,458,236 times
Reputation: 7541
Quote:
Originally Posted by Forest_Hills_Daddy View Post
Reliance on finance - The largest sector in NYC in terms of number of employees is....government! It has more employees than financial services. If th financial services sector dies, there's always good ol' government to pick up the slack.
Government jobs are funded by tax payers dollars, loans from banks, grants from the state and feds and bonds sales to pay workers, NYC wont be all right if all other private jobs pack up and leave, if private finance jobs are gone, who is supposed to pick up the slack in taxes, and municipal bond sales, or even pay fines for the city?
Reply With Quote Quick reply to this message
 
Old 07-26-2013, 05:28 PM
 
6,912 posts, read 9,051,556 times
Reputation: 2861
Quote:
Originally Posted by Bronxguyanese View Post
Government jobs are funded by tax payers dollars, loans from banks, grants from the state and feds and bonds sales to pay workers, NYC wont be all right if all other private jobs pack up and leave, if private finance jobs are gone, who is supposed to pick up the slack in taxes, and municipal bond sales, or even pay fines for the city?
They can always borrow against the pension funds, of course! That way money just keeps coming in even of no products are made and sold.
Reply With Quote Quick reply to this message
 
Old 07-26-2013, 05:32 PM
 
Location: Bronx
14,898 posts, read 17,458,236 times
Reputation: 7541
Quote:
Originally Posted by Forest_Hills_Daddy View Post
They can always borrow against the pension funds, of course! That way money just keeps coming in even of no products are made and sold.
Legalize prostitution, lets tax them!
Reply With Quote Quick reply to this message
 
Old 07-26-2013, 06:06 PM
 
250 posts, read 422,380 times
Reputation: 350
Quote:
Originally Posted by Bronxguyanese View Post
Legalize prostitution, lets tax them!
Isn't alimony already legal?
Reply With Quote Quick reply to this message
Please register to post and access all features of our very popular forum. It is free and quick. Over $68,000 in prizes has already been given out to active posters on our forum. Additional giveaways are planned.

Detailed information about all U.S. cities, counties, and zip codes on our site: City-data.com.


Reply
Please update this thread with any new information or opinions. This open thread is still read by thousands of people, so we encourage all additional points of view.

Quick Reply
Message:



Over $104,000 in prizes was already given out to active posters on our forum and additional giveaways are planned!

Go Back   City-Data Forum > U.S. Forums > New York > New York City
Follow City-Data.com founder on our Forum or

All times are GMT -6.

2005-2018, Advameg, Inc.

City-Data.com - Archive 1, 2, 3, 4, 5, 6, 7, 8, 9, 10, 11, 12, 13, 14, 15, 16, 17, 18, 19, 20, 21, 22, 23, 24, 25, 26, 27, 28, 29, 30, 31, 32, 33, 34, 35 - Top