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Old 09-12-2019, 05:59 PM
 
4,291 posts, read 1,724,043 times
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Hal's on line two.
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Old 09-12-2019, 08:46 PM
 
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I assume you know the Steinbrenner family hails from Tampa.

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Originally Posted by SeventhFloor View Post
Call me when the Yankees move
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Old 09-12-2019, 08:51 PM
 
Location: Confines of the 101 Precinct
20,265 posts, read 35,265,153 times
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Originally Posted by BBMW View Post
I assume you know the Steinbrenner family hails from Tampa.
You know like how the Brooklyn Dodgers moved to LA? I meant like that. Guess I really had to break it down.
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Old 09-12-2019, 11:23 PM
 
11,211 posts, read 9,574,950 times
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For now, they're making too much money here. But I wonder where Hal Steinbrenner's tax domicile is?

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Originally Posted by SeventhFloor View Post
You know like how the Brooklyn Dodgers moved to LA? I meant like that. Guess I really had to break it down.
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Old 09-13-2019, 04:51 AM
 
Location: Staten Island, NY
9,038 posts, read 7,301,565 times
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Quote:
Originally Posted by SeventhFloor View Post
Call me when the Yankees move
Most of the players have lol
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Old 09-13-2019, 06:41 AM
 
Location: New Jersey
5,861 posts, read 3,075,770 times
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Cities on the decline generally don't lose their sports teams. Buffalo, Detroit, Baltimore, St. Louis, New Orleans, Cleveland, etc. at their darkest depths never lost their teams.
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Old 09-13-2019, 10:28 AM
 
Location: New York City
8,479 posts, read 6,471,510 times
Reputation: 6280
Quote:
Originally Posted by bluedog2 View Post
Icahn made it clear why he wanted to move to Miami....and thus move his offices with him.
He said he is 83 and wants a slower pace year round. In other words he is retiring. ?
Exactly right. Most people who retire stop working and move to Florida. But when you're Carl Ichann you don't quit you just take your whole company with you. This isn't a case of fleeing taxes, although it does happen but not as much as you would think. People want to be in NYC, that's where the money is
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Old 09-13-2019, 10:45 AM
 
Location: Hudson County NJ
719 posts, read 1,200,466 times
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It’ll be 1975 again. Thanks Albany & city hall!
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Old 09-13-2019, 02:37 PM
 
7 posts, read 1,560 times
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Icahn is worth 20 billion. He's no longer running a hedge fund and is now a family office so assuming he's really just managing his own money now rather than investors and assuming he's having a decent year and his fund yields 10%, that's 2 billion NYS is missing out on taxable income or around 200 million tax dollars. Ouch.
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Old 09-14-2019, 06:40 AM
 
6,568 posts, read 6,594,681 times
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Carl Icahn is known for corporate raiding, hostile takeovers, and all that other negative aspects often associated with an industry that does not exactly have the best reputation. George Soros, Bernie Madoff, Dick Fuld are a part of this group too.

These guys are colloquially famed for destroying the middle class, and Main Streets by eliminating jobs, shipping jobs overseas, or transferring wealth to themselves without adding anything of value. They are more often than not accused of orchestrating the largest financial crisis in history, known as the 2008 GFC, for their own gain. It is said their plan all along was to simply give themselves a bailout via a gov't they already secretly own and control through whatever unscrupulous means.

Basically if NYC truly deserves to called a parasite city, the reason is likely due to certain individuals as Carl Icahn. Assuming all these negative stereotypes are true, losing the taxes a person like this is paying is probably not the worst out there. Heck, there are people out there that feel as if Carl Icahn, and such people never been born at all, the whole country if not the whole world be a better place.

There are those that feel without a shadow banking industry in existence, or at least one not as large as it has gotten over these past few decades, the income parity of this country probably be much better. Therefore no one city be so dependent on a few taxpayers. We presumedly will not have a handful of states like California carrying other much poorer states in terms of federal tax contributions.
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