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Old 12-01-2016, 07:10 PM
 
23,276 posts, read 16,124,122 times
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Quote:
Originally Posted by antinimby View Post
Do you want to pay higher property, income, sales taxes?

Without tourism revenue, the city will have to make YOU pay higher taxes. So yes, tourism does put money in your pocket except you just don't realize it.
Or the city could but back spending if tourism goes down and cut spending. Tourism revenue, like other revenues goes through good years and bad years.
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Old 12-01-2016, 08:10 PM
Status: "MAGA!" (set 13 hours ago)
 
Location: New Jersey
4,489 posts, read 2,292,430 times
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Quote:
Originally Posted by NyWriterdude View Post
Or the city could but back spending if tourism goes down and cut spending. Tourism revenue, like other revenues goes through good years and bad years.
That is something the city should do regardless. No need to wait for when revenue drops.

Of course the liberal democrats that rule this town don't believe in that. They love to tax and spend.
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Old 12-01-2016, 08:58 PM
 
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Quote:
Originally Posted by antinimby View Post
That is something the city should do regardless. No need to wait for when revenue drops.

Of course the liberal democrats that rule this town don't believe in that. They love to tax and spend.
They may get hit with federal funding cuts, so they may have no choice but to cut spending. And if that's on top of a declining in tourism revenue, OUCH!
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Old 12-01-2016, 09:09 PM
 
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If the dollar was not so strong nor historically so strong, then there also be nothing in NYC for people to come and see. And that will hurt NYC tourism even more.

Also strong dollar allows hospitality companies more purchasing power. So they save money on that.

Also if you rich you can afford it. If you want to attract poorer tourists you can just set your price accordingly with the exchange rate in mind.
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Old 12-01-2016, 09:12 PM
 
5,418 posts, read 5,669,684 times
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Quote:
Originally Posted by antinimby View Post
Do you want to pay higher property, income, sales taxes?

Without tourism revenue, the city will have to make YOU pay higher taxes. So yes, tourism does put money in your pocket except you just don't realize it.
Yet, all the middle class is still complaining about how taxes are killing them.
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Old 12-01-2016, 09:13 PM
 
5,418 posts, read 5,669,684 times
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Quote:
Originally Posted by Kefir King View Post
No, that scenario does not hold water.


Tourism revenue goes to those who cater to tourists. The evidence that the increase in their tax payments as a result of their extra tourist sales goes into the public coffers is miniscule to absent.


The corporations that benefit from tourism very likely pay little or NO taxes.
exactamundo
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Old 12-01-2016, 09:18 PM
 
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Quote:
Originally Posted by antinimby View Post
It's amazing how little you know but yet you post so much misinformation.

According to the city: NYC Statistics - / nycandcompany.org
These total taxes in your stat, how much of that is taxes collected from people who work in hospitality?
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Old 12-02-2016, 12:31 AM
 
23,276 posts, read 16,124,122 times
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Quote:
Originally Posted by NJ Brazen_3133 View Post
If the dollar was not so strong nor historically so strong, then there also be nothing in NYC for people to come and see. And that will hurt NYC tourism even more.

Also strong dollar allows hospitality companies more purchasing power. So they save money on that.

Also if you rich you can afford it. If you want to attract poorer tourists you can just set your price accordingly with the exchange rate in mind.
It's not about attracting tourists per say, it's just that when prices are so low because of dollar exchange rates that NYC cannot help but lost money because people will want to go to those other cities to SHOP cheaply, and of course who doesn't like to save while they spend? That is just a natural part of the business cycle as it relates to currencies. Whenever the dollar goes down NYC gets CHEAPER, and is more attractive to people who might have gone to London or Paris.
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Old 12-02-2016, 04:35 AM
Status: "MAGA!" (set 13 hours ago)
 
Location: New Jersey
4,489 posts, read 2,292,430 times
Reputation: 4965
Quote:
Originally Posted by NJ Brazen_3133 View Post
These total taxes in your stat, how much of that is taxes collected from people who work in hospitality?
I didn't calculate those numbers, the city did. If you really have to know, you can ask them.
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Old 12-02-2016, 08:32 AM
 
Location: Wall Street
2,077 posts, read 748,595 times
Reputation: 1551
It's still crowded as hell, far as a I can tell...
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