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Old 09-10-2019, 05:04 PM
 
43 posts, read 19,000 times
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https://www.nytimes.com/2019/09/10/n...opulation.html
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Old 09-10-2019, 05:41 PM
 
Location: Confines of the 101 Precinct
20,196 posts, read 35,180,062 times
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There's vacant buildings everywhere
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Old 09-10-2019, 06:27 PM
 
Location: NYC
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The taxpayers are fleeing not the tax users like homeless and illegals. NYC will have to find more ways to screw the tax payers for the revenue gap.
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Old 09-10-2019, 06:29 PM
 
Location: Confines of the 101 Precinct
20,196 posts, read 35,180,062 times
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Quote:
Originally Posted by vision33r View Post
The taxpayers are fleeing not the tax users like homeless and illegals. NYC will have to find more ways to screw the tax payers for the revenue gap.
Until there's no more taxpayers........then what????
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Old 09-10-2019, 06:39 PM
 
Location: NYC
13,326 posts, read 9,031,696 times
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Originally Posted by SeventhFloor View Post
Until there's no more taxpayers........then what????
This was happening during Guliani early days, he proposed the commuter tax that would offset the tax revenue gap that he was seeing as people were moving out. It got canned before businesses were afraid that they would lose employees and big businesses threaten to move to NJ. That was the whole deal when Goldmans and Chase started building towers in Jersey City. Goldman never moved to JC as the tax was dropped.

Today, the city is banking on use taxes, fees, and property taxes on top of income taxes. This year will be another good year for revenue as wall street will produce another good year but there will be shortfalls because DeBlasio just kept spending money.
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Old 09-10-2019, 06:40 PM
 
Location: Confines of the 101 Precinct
20,196 posts, read 35,180,062 times
Reputation: 8682
Quote:
Originally Posted by vision33r View Post
This was happening during Guliani early days, he proposed the commuter tax that would offset the tax revenue gap that he was seeing as people were moving out. It got canned before businesses were afraid that they would lose employees and big businesses threaten to move to NJ. That was the whole deal when Goldmans and Chase started building towers in Jersey City. Goldman never moved to JC as the tax was dropped.

Today, the city is banking on use taxes, fees, and property taxes on top of income taxes. This year will be another good year for revenue as wall street will produce another good year but there will be shortfalls because DeBlasio just kept spending money.
Either we doing good or we doing bad, which one is it man



Look just stop.
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Old 09-10-2019, 06:55 PM
 
1,918 posts, read 689,492 times
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Originally Posted by QUEENSNY1975 View Post

I don't know how to paste a link here, but there is an article from Sept 5 on Forbes.com reporting specifically on businesses moving out of NYC and NY-NJ-CT Tristate Area (which area has lost a population of one million in the past decade).
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Old 09-10-2019, 06:57 PM
 
1,918 posts, read 689,492 times
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Originally Posted by SeventhFloor View Post
Until there's no more taxpayers........then what????

Then Detroit.
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Old 09-10-2019, 07:09 PM
 
Location: Confines of the 101 Precinct
20,196 posts, read 35,180,062 times
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Originally Posted by elnrgby View Post
Then Detroit.
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Old 09-10-2019, 07:46 PM
 
1,918 posts, read 689,492 times
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It is your good fortune that I don't know how to paste links here - you don't want to know what I would paste in response to your "response" :-). In the 1950s people couldn't have believed that Detroit could ever go the way Detroit went either, after the history of massive economic prosperity. But the exact same factors were at play: loss of business + incompetent city government.
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