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Old 12-21-2019, 07:00 PM
 
Location: PVB
4,490 posts, read 2,436,957 times
Reputation: 5042

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Quote:
Originally Posted by ckhthankgod View Post
Sadly, this isn't even anything new or exclusive to NY State: https://www.forbes.com/sites/mayraro.../#28a16ce9718a
You sound like a politician, deflecting attention away from the original question. What does what happens in other states have to do with NYS?
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Old 12-21-2019, 07:11 PM
 
Location: Boston
14,867 posts, read 4,421,672 times
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states can't print money, the federal government can.
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Old 12-22-2019, 06:17 PM
 
Location: In the heights
28,385 posts, read 27,663,132 times
Reputation: 15212
Quote:
Originally Posted by Thundarr457 View Post
You sound like a politician, deflecting attention away from the original question. What does what happens in other states have to do with NYS?
Well, for one, NYS has been pouring a lot more federal revenue than it gets in federal expenditure at a ratio far worse than most states for decades. This was softened somewhat by the SALT deductions, but those are gone. NYS fed representatives have done a terrible job in correcting this. If NYS were at even the average expenditure to revenue ratio among states for the past decades, or even just the recent decade, we’d all be in a much different ballgame. CT might be getting the screws turned on them on a larger per capita basis, but NYS takes the cake for absolute amounts because it’s an order of magnitude more populous: https://rockinst.org/issue-area/new-...al-government/

Mind you, I think Cuomo is a conniving idiot, but a 6 billion dollar deficit is nothing compared to how NYS gets screwed on a federal level annually, you might even say anally as well.

Last edited by OyCrumbler; 12-22-2019 at 06:33 PM..
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Old 12-23-2019, 09:17 AM
 
Location: PVB
4,490 posts, read 2,436,957 times
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Quote:
Originally Posted by OyCrumbler View Post
Well, for one, NYS has been pouring a lot more federal revenue than it gets in federal expenditure at a ratio far worse than most states for decades. This was softened somewhat by the SALT deductions, but those are gone. NYS fed representatives have done a terrible job in correcting this. If NYS were at even the average expenditure to revenue ratio among states for the past decades, or even just the recent decade, we’d all be in a much different ballgame. CT might be getting the screws turned on them on a larger per capita basis, but NYS takes the cake for absolute amounts because it’s an order of magnitude more populous: https://rockinst.org/issue-area/new-...al-government/

Mind you, I think Cuomo is a conniving idiot, but a 6 billion dollar deficit is nothing compared to how NYS gets screwed on a federal level annually, you might even say anally as well.
What difference does what any other state or government have to do with NYS? Posters insist on highlighting other states or the federal government instead of focusing on NYS which is what this forum is about. Its like changing the subject when asked a question like a politician.
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Old 12-23-2019, 09:46 AM
 
Location: Greenville, SC
1,621 posts, read 2,891,076 times
Reputation: 1474
Quote:
Originally Posted by OyCrumbler View Post
Well, for one, NYS has been pouring a lot more federal revenue than it gets in federal expenditure at a ratio far worse than most states for decades. This was softened somewhat by the SALT deductions, but those are gone. NYS fed representatives have done a terrible job in correcting this. If NYS were at even the average expenditure to revenue ratio among states for the past decades, or even just the recent decade, we’d all be in a much different ballgame. CT might be getting the screws turned on them on a larger per capita basis, but NYS takes the cake for absolute amounts because it’s an order of magnitude more populous: https://rockinst.org/issue-area/new-...al-government/

Mind you, I think Cuomo is a conniving idiot, but a 6 billion dollar deficit is nothing compared to how NYS gets screwed on a federal level annually, you might even say anally as well.
Replace "NYS" with "Wall Street", and you have the real answer. It's not NYS that's sending all that revenue to the Treasury, it's Wall Street and the banks in NYC, since that city became the world's financial center roughly 30 years ago or so.


How did that happen, besides the obvious net-gain of banking activity by being the world's financial center" The rolling back of U.S. regulations, mainly in the 80's and 90's. Who has it benefited the most? Take a wild guess.

Older article but it holds true today, every state mentioned that is a net-giver in taxes to DC is also losing population, in fact CA's population just stalled this year, for the first time ever for that state.


https://www.foxbusiness.com/markets/...low-tax-states
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Old 12-23-2019, 04:29 PM
 
494 posts, read 197,216 times
Reputation: 1029
Quote:
Originally Posted by Thundarr457 View Post
You sound like a politician, deflecting attention away from the original question. What does what happens in other states have to do with NYS?
Thundarr, CK has never struck me as being anything like a politician. CK is much much more like a cheerleader. Ra! Ra! Sis Boom Ah!
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Old 12-23-2019, 04:48 PM
 
65,159 posts, read 90,928,570 times
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Quote:
Originally Posted by GoldenHair View Post
Thundarr, CK has never struck me as being anything like a politician. CK is much much more like a cheerleader. Ra! Ra! Sis Boom Ah!
Even this can be questionable, if one has followed many of my posts in the past about taxes, the environment, history, poverty, job losses, etc. I just don't harp on said subjects like some of the other posters do.
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Old 12-24-2019, 06:50 AM
 
Location: PVB
4,490 posts, read 2,436,957 times
Reputation: 5042
Quote:
Originally Posted by ckhthankgod View Post
Even this can be questionable, if one has followed many of my posts in the past about taxes, the environment, history, poverty, job losses, etc. I just don't harp on said subjects like some of the other posters do.
I doubt if many folks follow your litany of posts. But you make things somewhat interesting, Merry Christmas
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Old 12-26-2019, 11:40 PM
 
Location: 'greater' Buffalo, NY
4,106 posts, read 2,587,937 times
Reputation: 5570
Quote:
Originally Posted by OyCrumbler View Post
Well, for one, NYS has been pouring a lot more federal revenue than it gets in federal expenditure at a ratio far worse than most states for decades. This was softened somewhat by the SALT deductions, but those are gone. NYS fed representatives have done a terrible job in correcting this. If NYS were at even the average expenditure to revenue ratio among states for the past decades, or even just the recent decade, we’d all be in a much different ballgame. CT might be getting the screws turned on them on a larger per capita basis, but NYS takes the cake for absolute amounts because it’s an order of magnitude more populous: https://rockinst.org/issue-area/new-...al-government/

Mind you, I think Cuomo is a conniving idiot, but a 6 billion dollar deficit is nothing compared to how NYS gets screwed on a federal level annually, you might even say anally as well.
How are all these 'fiscally concerned' (you might even say fisted as opposed to fiscally, to stay true to your final sentence) people on this thread ignoring the substance of this post?
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Old 12-28-2019, 05:16 PM
 
Location: In the heights
28,385 posts, read 27,663,132 times
Reputation: 15212
Quote:
Originally Posted by Thundarr457 View Post
What difference does what any other state or government have to do with NYS? Posters insist on highlighting other states or the federal government instead of focusing on NYS which is what this forum is about. Its like changing the subject when asked a question like a politician.
Is this a rhetorical question? What happens if money earned in NYS goes to the federal government and NYS ends up getting less federal spending per capita than almost all other states? Oh that’s right, you have to make up for some of that with state and municipal taxes. If much more of that money had come back into NYS, even if slightly worse per capita than the national average, then that spending could have gone into development projects, infrastructure improvements, r&d at universities and research centers, etc., and that money means jobs, employment, and better infrastructure that aids such. It’s insane that NYS which has had obviously struggling areas for decades kept on being a massive net donor state on the federal level. South Carolina, for example, gets a net $25 BILLION. NYS gets a net negative $35 billion. That’s a $60 Billion difference. It’s goddamn insane—you don’t think a $60 billion a year difference in federal spending in NYS might make a notable difference in employment or the economic stability of a place?

Last edited by OyCrumbler; 12-28-2019 at 05:40 PM..
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