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I think nyc is doomed. I am a single middle class female making around 50k and I also will be leaving. A lot of middle class and even some of the wealthy are leaving. Plus they are talking about congestion pricing and raising certain taxes.
I really think that keeping amazon out of nyc wasn't good either. It definitely would have brought jobs to the area. Then you also have that new min wage tax which will negatively affect millions of people as hours will likely get cut. Then you have the expense of the welfare system too. It's very easy to live fairly comfortably on government aid over here. There doesn't seem to be much incentive to actually working if your job pays a middle class wage.
It also seems that the MTA is always under construction but it never gets better. Whatever 'fixes' are currently being done are temporary. There's no way nyc can continue to keep running as it is.
I think nyc is doomed. I am a single middle class female making around 50k and I also will be leaving. A lot of middle class and even some of the wealthy are leaving. Plus they are talking about congestion pricing and raising certain taxes.
I really think that keeping amazon out of nyc wasn't good either. It definitely would have brought jobs to the area. Then you also have that new min wage tax which will negatively affect millions of people as hours will likely get cut. Then you have the expense of the welfare system too. It's very easy to live fairly comfortably on government aid over here. There doesn't seem to be much incentive to actually working if your job pays a middle class wage.
It also seems that the MTA is always under construction but it never gets better. Whatever 'fixes' are currently being done are temporary. There's no way nyc can continue to keep running as it is.
over my past 7-8 years of living in nyc, i clearly see how the above problems grow bigger and worse and so is my pessimism. nevertheless, the situation is still tolerable, despite being discouraging and aggravating, as of now and in the near future...it still requires one final trigger to cause the domino effect leading the the collapse of "the greatest city in the world"...and the trigger is likely the looming r.e.c.e.s.s.i.o.n., in my honest assessment.
by the way, when i first followed this forum, you read "the greatest city in the world" praises about nyc multiple times a day...i don't recall when i saw that phrase last time, which to me is an effective indicator of mood change in the grass root.
The U.S. empire is slowly collapsing, not unlike Rome, not unlike Britain. Tech jobs will not save it. Then it will likely be the Chinese empire on top, for a while.
Don't take this the wrong way, but you're old and this view is a projection of your struggles to internalize mortality. I've seen it with my dad, he thinks everything is getting worse, when in reality all things being equal we are (in the US) living in the greatest times the world has ever seen for the average person.
No, the US is not collapsing, and it may never because it is the only market driven society which adapts to reality. Of course if AoC and Bozo had their socialist way the US would be finished, but she's a fringe element and the US will never go that way
Don't take this the wrong way, but you're old and this view is a projection of your struggles to internalize mortality. I've seen it with my dad, he thinks everything is getting worse, when in reality all things being equal we are (in the US) living in the greatest times the world has ever seen for the average person.
No, the US is not collapsing, and it may never because it is the only market driven society which adapts to reality. Of course if AoC and Bozo had their socialist way the US would be finished, but she's a fringe element and the US will never go that way
i don't think he was serious with those comments...merely exaggerating or trying to start a silly argument to draw attentions...both you and i and a few others have kindly allocated some attention to him so hope we are all happy and mr. kk's problem solved now...
Without any exaggeration, NYC is due for a 5-yr long recession, or stagnation at the best. Reason? Thanks to current admin’s incompetency in planing and steering of the economic growth, diversification, and transition to a new tech-driven economy, plus the aging citywide infrastructure that is on the brink of collapse but no funds avail to revive or repair it to support sustainable development, aside from the snowballing pension/ welfare/maintenance expenses that wipes out bigger and netter portions of city revenues.
Things will get worse before it could get better, unless the fed will intervene and inject money to stop nyc from sliding and ultimate collapse. The majority of nyc Residents are suffering financial hardship under de Blasios’s ruling, while the rest of country recover and rebound soundly from last crisis. There is little financial margin left for nyers to weather a minor national wide recession, which is looming. Welcome your thoughts!
The U.S. is due for a correction full stop. With wealth inequality continuing its increase, I do have a feeling recessions will be more frequent and deeper until it's addressed.
The U.S. is due for a correction full stop. With wealth inequality continuing its increase, I do have a feeling recessions will be more frequent and deeper until it's addressed.
You think a recession will correct income inequality you will be sorry when you get laid off while your boss still get to keep his job and cushy pad. Recession is the #1 tool that the rich uses to get rid of workers and pick up stocks and real estate on the cheap.
The reason NYC got gentrified so quickly was because the recession in 08' allowed lots of cash rich folks to move in and buy properties from unemployed NYers.
There's no recession because there are lots of rich enjoying Trump tax cuts. There is huge income inequality because your job didn't give you a raise.
NYC has been in a weird recession since 9/11. The money and opportunity is still in NYC but it is being transfered from the native born citizens over to the illegals. The children of the USA will be the slaves of the illegals.
NYC is just a starting point that hides under the term "santuary" city but illegals are clearly free to take over anywhere else in the USA. The one stickler is that USA citizens will not be free to leave. USA citizens are being enslaved.
We need a 90% millionaires tax rate, that will save the city. And more subsidizing of low income and illegal immigrants, that will close the income inequality gap
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