NYC's rich sustain 153000 service sector jobs (contractor, payments, government, average)

[LordSquidworth]

Originally Posted by tallrick

Actually I feel that vampire squid cities like NYC are better off gone. If you nuked NYC the net effect on the economy would be positive as more capital would be available for productive industries.

That's a really stupid thing to say. Both because you clearly don't understand the economics and apparently are quite the little person.

[smalltownblues]

Originally Posted by Lycanmaster

Lol, indeed.

Considering the cost of living there, most of the service sector workers aren't going to be actually enjoy what the amenities that the city has to offer...

Sure, but that's OK.

[LordSquidworth]

Originally Posted by smalltownblues

That's cool because you don't even understand the term "value."

Do you know what value means?

Cause you're not adding much to the thread.

[smalltownblues]

Originally Posted by LordSquidworth

Do you know what value means?

Cause you're not adding much to the thread.

But it's still much more than you are.

[Lycanmaster]

Originally Posted by smalltownblues

Sure, but that's OK.

If you are OK with what amounts to a return to modern-day feudalism, knock yourself out

[smalltownblues]

Originally Posted by Lycanmaster

If you are OK with what amounts to a return to modern-day feudalism, knock yourself out

Wow, it's only "feudalism" and not "slavery"? You guys are making progress! Good job!

[texdav]

If you look at services provided by government and then who pays what its even more trickledown. Welfare is pure trickledown ;in fact.

[Lycanmaster]

Originally Posted by smalltownblues

Wow, it's only "feudalism" and not "slavery"? You guys are making progress! Good job!

Feudalism/slavery, what's the difference???

Different sides of the same coin, as far I'm concerned...

[Woof]

NYC's rich sustain 153000 service sector jobs

Shouldn't that read, "153,000 workers sustain the lavish lifestyle of NYC's rich?

[tallrick]

Originally Posted by LordSquidworth

That's a really stupid thing to say. Both because you clearly don't understand the economics and apparently are quite the little person.

It's easy to understand, Fed prints money and buys paper which pushes money to the parasite class. NYC is a relic left over from its days as a world class manufacturing and trade destination. Now it is just a center of financial fraud, like London. Wipe it off the map, and main street USA is not harmed one bit. The rentier economy and bull jobs produce no real value, even a farmer produces more value than the parasite class.

http://www.nakedcapitalism.com/2013/...****-jobs.html

It is the existence of cities like London and NYC that has caused people to work longer and for less reward. Without them high tech would mean we worked less and enjoyed the returns of capital ourselves.