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.
People NEED to move in order to even out NYC a bit.. so that the average person and the blue collar worker can actually afford to live there WITHOUT the assistance of any social programs.
I agree with this part of your posting, but do you really think the ones paying the bills should move?
I thought the most interesting part of that article was Golisano's statement that he's going to establish residency in Florida, yet maintain an "interest" in New York politics. His campaign for governor was a disaster when he lived here--apparently, he had the notion that he was going to buy his way into the governor's mansion. And now he's going to become a non-resident? Something tells me that won't improve his chances.
I hear what your saying, but does Hillary Clinton ring a bell?
Bloomberg himself said 40,000 people pay half the`taxes in NYC. Even if a small percentage leave it would have a profound effect on the city.
For those of you who think it can't happen remember NYC in the 1970's. Past is prologue.
I agree with this part of your posting, but do you really think the ones paying the bills should move?
First off.. you completely discount the non wealth people that live in NY that ALSO pay the bills. I'll have you know that they pay ALOT of the bills for the REST of NY where the concentration of wealth is NOT (for example.. in regards to LI schools despite all that LI pays into taxes, more goes to other areas of the state from the state than to LI.. despite the fact that LI'rs pay more).
We're ALL paying the bills.
Again.. when one person like him leaves, another WILL take his place. NY is overpopulated for a reason.
AND if people DO leave, again it even's it out.. NY'rs will have to live with less "perks" that the NY taxes afford people...costs will deflate making it more affordable for everyday people.
He's not footing the entire bill of NY and it's insulting to other hard working families who pay taxes and who STRUGGLE to do so (unlike Daddy Warbucks) to make this gentleman so much more important. He's really not.. and again.. another will gladly take his place.
I can tell you that NY is having a shortage of people who pay taxes, otherwise they wouldnt have a need to increase the tax rate.
You have absolutely no evidence of that, he could be replaced by someone who makes 1/50th of what he makes.
Wow.. you really do not have an understanding of what is TRULY going on do you.
Have you noticed that the ENTIRE nation is in NEED of a tax increase The REASON is LOST REVENUE due to the real estate market crash NOT a mass exodus of wealth people
Your last statement clearly shows you have no real or true understanding about why people live in NY.. The city and the outlying suburbs are overcrowded for a reason. People move in and out of NYC everyday and there is always someone else ready to move to NY. It is , after all, the financial capital of the world.
First off.. you completely discount the non wealth people that live in NY that ALSO pay the bills.
Not at all, but the rest arent leaving because of "taxes", which were just increased to make up for defits. You do realise that the "rest" of NY will now need to pickup $5M a year in extra taxes or a cut in services dont you?
Quote:
Originally Posted by TristansMommy
AND if people DO leave, again it even's it out.. NY'rs will have to live with less "perks" that the NY taxes afford people...costs will deflate making it more affordable for everyday people
And if the costs deflate, there is even less taxes paid to government, meaning that the problem compounds
Quote:
Originally Posted by TristansMommy
He's not footing the entire bill of NY and it's insulting to other hard working families who pay taxes and who STRUGGLE to do so (unlike Daddy Warbucks) to make this gentleman so much more important. He's really not.. and again.. another will gladly take his place.
no one claims he's footing the entire bill of NY, but to pretend its nothing is simply rediculous. Those now "struggling" to pay the bills will now have to have their taxes raised even higher, again, why is this so hard for you to understand?
Quote:
Originally Posted by TristansMommy
Wow.. you really do not have an understanding of what is TRULY going on do you.
Have you noticed that the ENTIRE nation is in NEED of a tax increase
Wrong, the entire nation is in need of a tax cut, just like this guy shows people will leave a state to avoid taxes, companies leave the country to avoid national taxes, again, why is this so hard for you to get?
Quote:
Originally Posted by TristansMommy
The REASON is LOST REVENUE due to the real estate market crash NOT a mass exodus of wealth people
Property taxes do not fund the federal government, income tax does, and income taxes go down when people lose money. Thats kinda how it works
Quote:
Originally Posted by TristansMommy
Your last statement clearly shows you have no real or true understanding about why people live in NY.. The city and the outlying suburbs are overcrowded for a reason. People move in and out of NYC everyday and there is always someone else ready to move to NY. It is , after all, the financial capital of the world.
The city is overcrowded because there are jobs there, and because the people who live there receive services, such as mass transit, massivly subsidized by the rich. Sure the poor and average folks pay for their operating budget but no one is stupid not to know that that if you lose those who pay the bills, the individuals left have to pickup the balance. See how many jobs you have left when the rich people leave, and see how many public service benefits are left when those who pay the bills leave.. Anyone with half a brain knows that if those who pay the bills leave, it means lower costs and lower tax revenue to a city that so desperately needs it.
A couple of links on out migration, you have to click a link on the 2nd one to get an Adobe report.
As a note, MD is experiencing a net loss of retirees due to the state income tax on pensions, so people do move to lessen their tax burden. If anyone is old enough to remember the 60's and 70's when a lot of wealthy Europeans, especially Britons, became citizens of Monaco (and even the US) because of confiscatory marginal tax rates in their original countries it might be instructive for the long term.
Not at all, but the rest arent leaving because of "taxes", which were just increased to make up for defits. You do realise that the "rest" of NY will now need to pickup $5M a year in extra taxes or a cut in services dont you?
First.. NYC population has been GROWING. Slower, but STILL GROWING. So the notion that this man is gone and no one will take his place is completely absurd.
Quote:
And if the costs deflate, there is even less taxes paid to government, meaning that the problem compounds
If cost of living deflates, then the salaries of city workers, etc does not need to increase at such a fast tick. Why do you think NY is so expensive and growing more expensive. If you have people working for the city you have to pay them a living wage.. in order to do that you need to pay them MORE than they would make elsewhere doing the jobs to keep them there working. That includes pay raises.
Things will have to be cut across the board.. NOT because this one man is moving.. but THAT is compounded with the state of the economy. REmember, a lot of bonuses got SLASHED this year too due to Wall Street (and jobs lost).. and THAT is having an effect on NYC and the deficit. This 1 person is a mere needle in a haystack and in the overall scheme is NOT as significant as you want to make him out to be.
ANd again.. to think he'll be gone with no one to take his place is simply ridiculous.
Quote:
no one claims he's footing the entire bill of NY, but to pretend its nothing is simply rediculous. Those now "struggling" to pay the bills will now have to have their taxes raised even higher, again, why is this so hard for you to understand?
I did acknowledge that the city will have to SPEND less!!!
Quote:
Wrong, the entire nation is in need of a tax cut, just like this guy shows people will leave a state to avoid taxes, companies leave the country to avoid national taxes, again, why is this so hard for you to get?
I won't even go there.. companies are leaving for many reasons.. one of them is the cost of healthcare.. never mind the taxes. They have been getting tax breaks for a decade now.. and that hasn't stopped them from leaving.
Quote:
Property taxes do not fund the federal government, income tax does, and income taxes go down when people lose money. Thats kinda how it works
We're not discussing FEDERAL taxes.. we're talking City and STATE taxes and the increases imposed within NYC and NY in particular. If we were talking on a federal level, then a move outside of NYC wouldn't really matter now would it because it would be FEDERAL. ANd, property taxes are LOCAL tax issues and are ALSO what contributes to people moving to or from a state, town, county etc.
Quote:
The city is overcrowded because there are jobs there, and because the people who live there receive services, such as mass transit, massivly subsidized by the rich.
LOL.. the MTA.. this MASS TRANSIT..is not subsidized by the rich. Rich don't even RIDE the dang subways.. atleast not the rich you speak of...LOL. You are insulting the MTA riders with your comments, considering the large FAir hikes they have been subject to.
Quote:
Sure the poor and average folks pay for their operating budget but no one is stupid not to know that that if you lose those who pay the bills, the individuals left have to pickup the balance.
NO.. they will trim the budget.. because you can't squeeze blood from a stone. This guy leaving NYC.. he's not hurting in paying his taxes. That's what gets my goose about this whole conversation. Poor billionaire boo hoo hoo.. I mean really.
BTW.. you make it sound as if ALL the wealthy are leaving NYC... which we're talkign about ONE MAN.. who will be replaced probaby not only by 1 but maybed two more.. NYC is CONSTANTLY Flowing with people coming in and out .. INCLUDING celebrities who make boatloads of money. Everyone is blowing this whole thing.. this one guy . WAY out of proportion.
Quote:
See how many jobs you have left when the rich people leave, and see how many public service benefits are left when those who pay the bills leave.. Anyone with half a brain knows that if those who pay the bills leave, it means lower costs and lower tax revenue to a city that so desperately needs it.
AGain..you are blowing this WAY out of proportion.. There isn't a MAX exodus of people leaving NYC. While the market in NYC DID decrease, it held out pretty darned well in the declining market. So this whole entire conversation is a doom and gloom prediction not based in any real facts ..just something blown way out of proportion.
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.
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.
That's what you don't get
boo hoo hoo.. I mean really. 
