Cute how you forget to mention how NYC gross recipes are up a good amount over that same period where they increased taxes. GDP is up and business formation in the city is at record highs? These folks who are "leaving" new york don't seem to be affecting its economy much? Unemployment is nearly record low in the city while level of uninsured is at record low as well? NYC has implemented free pre k, ambitious Infrastructure projects which have expanded bike likes and opened a new subway line and have redeveloped its public transportation with tax hikes. Right wingers keep acting like tax hikes are the worst thing in the world when theres zero evidence that shows their bs hypothesis
this was in 2021 and the tax deal went through: https://www.hodgsonruss.com/newsroom-publications-13235.html
Tax Burden by State https://wisevoter.com/state-ranking...ax burdens are New,local tax burden at 15.90%. excerpt: States With Highest Tax Burden The ten states with the highest tax burdens are New York, Connecticut, Hawaii, Vermont, California, New Jersey, Illinois, Virginia, Delaware, and Maine. Among the states with the highest tax burden, New York tops the list with a state-local tax burden at 15.90%. Following closely is Connecticut at 15.40%, while Hawaii ranks third with a tax burden of 14.10%. Vermont takes the fourth spot with a tax burden of 13.60%, while California closely trails at 13.50%. New Jersey follows at the sixth position with a tax burden of 13.20%. Illinois, with a tax burden of 12.90%, is seventh on the list, while Virginia ranks eighth with a tax burden of 12.50%. Delaware and Maine tie for the ninth and tenth positions, both with a tax burden of 12.40%. These states exhibit the highest tax burdens in the country, and individuals and businesses in these states face significant tax obligations. The ten highest tax burden states are: 1. New York – 15.90% 2. Connecticut – 15.40% 3. Hawaii – 14.10% 4. Vermont – 13.60% 5. California – 13.50% 6. New Jersey – 13.20% 7. Illinois – 12.90% 8. Virginia – 12.50% 9. Delaware – 12.40% 10. Maine – 12.40% more at the link
So a dip in state tax collection is what you are worried about, I can understand that affecting everybody. Do the numbers reflect this worry? I Googled and found this https://fred.stlouisfed.org/series/QTAXTOTALQTAXCAT3NYNO
Can you name the top 10 states that which depend on federal money ? West Virginia 2 New Mexico 3 Mississippi 4 Alabama 5 Alaska 6 Idaho 7 Louisiana 7 Maine 9 Wyoming 10 Montana Hmm....the states that have the lowest tax burdens also receive the most federal money.... hmm maybe we should ask a college professor what this means? @Os Trigonum https://smartasset.com/data-studies/states-most-dependent-on-the-federal-government-2022
not just the dip in tax collection, but that's certainly part of it. When companies pull out of a state they leave a lot of folks unemployed in their wake. Not to mention the affects on the communities they leave.
Right but if this were true we would be seeing a dip in employment and tax collection (or tax collection growth rate). You said this has been an issue for years, a decade, so shouldn't the numbers reflect this? Outside of the COVID-19 dips, it looks like tax revenue and unemployment are doing as good as ever, although just from my lazy googles, so feel free to correct me.
sadly was in the middle of writing a response when the site went down. If I get some time later I'll try to recreate it
The biggest tech monopoly trial of 21st century Bidenomics vs. Google (by extension, big tech) A court battle kicks off on Tuesday in which the U.S. Justice Department will argue that Google abused its power as a monopoly to dominate the search engine business. It's the government's first major monopoly case to make it to trial in decades and the first in the age of the modern internet. The last antitrust case of this magnitude took place in 1998, when the Justice Department sued Microsoft. That trial centered around claims that Microsoft illegally grouped its various products together in a way that both stifled competition and compelled people to use its products. The judge ruled in favor of the Justice Department in that case, saying Microsoft violated antitrust laws and held "an oppressive thumb on the scale of competitive fortune." The Justice Department's case against Google is strikingly similar and its lawyers are angling for the same outcome.
It's crazy how rural America has been left behind by its politicans for decades. In this town biden folks are building an airport terminal for this town which uses a mobile home as its terminal! Insanity. Always democrats cleaning up after Republicans This is the america @StupidMoniker @Space Ghost libertarians want with their no tax bullshit It's ridiculous that the trial isn't open to the public. I tried emailing the court to see if I could attend and they rejected me. What bullshit
Poverty Rate Soared in 2022 as Aid Ended and Prices Rose The increase in poverty reversed two years of large declines. Median income, adjusted for inflation, fell 2.3 percent to $74,580. https://www.nytimes.com/2023/09/12/business/economy/income-poverty-health-insurance.html excerpt: The poverty rate rose to 12.4 percent in 2022 from 7.8 percent in 2021, the largest one-year jump on record, the Census Bureau said Tuesday. Poverty among children more than doubled, to 12.4 percent, from a record low of 5.2 percent the year before. Those figures are according to the Supplemental Poverty Measure, which factors in the impact of government assistance and geographical differences in the cost of living. more at the link
So an airport have been operating fine for 50 years, but you think people who have a zero percent chance of ever using that airport should be taxed to upgrade it? No, thank you. Yes, I was perfectly happy that some tiny regional airport I have never heard of was using a trailer as the terminal.
I am guessing that there are some 3rd world countries that would met your expectations on government taxes and expenditures. They might even welcome you and your money. Just saying.
These numbers really need to be contrasted with pre-covid (2019) numbers, the stim checks, and additional child tax credits cut poverty/child poverty by an absurd amount IIRC. Maybe those numbers are in that article but I'm still paywalled.
The monthly child tax credit was shown to reduce poverty by 59%. It was the single most significant accomplishment of the administration. Joe manchin didn't wanna to renew cuz he claimed parents were buying drugs from it. We literally solved childhood poverty. Poverty is a policy choice
I'm sure some people did buy drugs with it, just like some politicians used TARP money to buy themselves some new property. That doesn't mean it wasn't effective. There are always bad apples.
Nothing to see here, everything's fine. The economy is fantastic. Bidenomics doing things for the middle class.
Someone remind me, what was @StupidMoniker 's moniker before becoming @StupidMoniker and what was the bet. Just curious .... for the life of me I can't remember.
