GOP Proposes $4.5 Trillion Tax Giveaway to the Rich, CUT MEDICAID AND FOOD STAMPS

what happens when the regulations start

Wall Street Is Going South And Taking $1 Trillion In Assets With It

Wall Street financial services firms are moving out of the Big Apple and relocating to the Sun Belt—a region of the United States generally considered stretching across the Southeast and Southwest—and taking nearly $1 trillion in assets under management with them, according to Bloomberg.

The Sun Belt’s Appeal
Although New York still reigns supreme in asset management, Florida and Texas have seen rapid and immense job growth in the financial sector that is significantly outpacing the rest of the U.S.

For companies, real estate, labor costs and taxes are significantly cheaper compared to New York City. Organizations can cast a wider net for talent by establishing hubs in new regions, like Charlotte, Nashville, Dallas or Palm Beach. Due to technological advances, employees no longer need to be tied to physical trading floors. Moving closer to certain customer bases also improves a firm’s ability to serve those demographics.

What This Means For New York
The departure of Wall Street firms from the Big Apple could have severe ramifications for the city and the state of New York. Last year, financial institutions paid $5.4 billion in state taxes and accounted for 24% of all personal income tax collections, according to a report by the New York State Comptroller Thomas DiNapoli.

New York City and its home state could lose billions more in tax revenue if this trend continues. The absence of Wall Street firms will also hurt the city’s ecosystem of surrounding businesses. There will be fewer highly paid financial services workers to frequent local restaurants, bars, gyms, clubs, nail salons, barber and hair salons, retail shops, Broadway shows and event venues.

As a result, the city will have to cut back on municipal services. This means less hiring and accelerated job cuts to police officers, firefighters, sanitation workers, mass transit personnel, nurses and teachers.

 

Regulations have been around years and people still made a profit. All you have to do is look at the profits the oil barons make to see that. Why change it so their quest for more and more and more money is helped by cutting regs that are meant to protect people from harm? We will never compete with countries that commit crimes against humanity, have horrible workplace protections, or use cheap slave labor, but that doesn't mean we resort to practices that harm people at work, or in their environment. If US companies want to move and base overseas then fine, but cut off all their tax breaks and loopholes, and say "Adios, don't let the door hit you in the as* on your way out."

Obviously, the oil and gas companies are here to stay, but the last thing we need is looser regs. These articles are disturbing in the link below...

United States: Lives devastated and human rights sacrificed by fossil fuel-related pollution from petrochemical plants in Texas and Louisiana

USA: The Cost of Doing Business? The Petrochemical Industry’s Toxic Pollution in the USA

https://www.amnesty.org/en/latest/n...-petrochemical-plants-in-texas-and-louisiana/

 

Okay, forced labor. You are bringing this up as a viable option in the middle of your tirade for individual freedom.

That is amazin.

I don't have a problem with it, you do?

(allocating taxed money in a real democracy that is, I DO have a problem with what my definition of "robbing people" is)

What are you talking about

No I'm taxed because we have **** to pay for. **** we collectively voted to pay for (through representation).

If you suggest that I can't simply drive on a road or get something shipped through a harbor without unwantingly paying for the military, then no, I cannot tell the difference you are trying to manufacture here, it's functionally the same, so I need a better argument from you here.

But again, you suggested toll and harbor fee's to pay for the military yourself? So why can't air travel fee's pay for food stamps?

Double again, you're the one who mentioned fee's as an option to pay for the military. I focused on that because, in my eyes, it was your only realistic suggestion to consistently fund something so expensive and important, but perhaps you'd like to withdraw it? Not sure.

You say you're not for anarchy, but outside of your fee functioning as a tax, which is now not very appropriate, then suggest we should either - enforceably make people do jobs without pay, or rely on donations, or the grand idea of selling off "military assets" to foreign nations in order to fund the protection of us from said foreign nations.

It just sounds like a road to anarchy with extra steps. Look people give you **** without reading or thinking about what you post often, understand I made an attempt at both. I respect that you believe in something and I look forward to your takes for a unique principled perspective, even if/when I don't think it makes much sense.

 

I haven't read the entire thing but the headline sounds scary. Seems red states would rot further than blue cuz they built diffrently.

https://www.epi.org/publication/cutting-medicaid-for-low-taxes-on-the-rich-is-terrible-for-american-families/?utm_source=
Cutting Medicaid to pay for low taxes on the rich is a terrible trade for American families
SECTIONS

1. Medicaid and household incomes
2. Medicaid cuts will lead to worse health and financial outcomes, particularly for young adults
3. Medicaid is crucial for the health of rural hospitals and communities
4. Medicaid is a powerful investment in the future of the workforce, and cuts might even cost the federal government in the long run
5. Medicaid cuts would make the U.S. more vulnerable to recession
6. Conclusion

 

Democrats. Dumbest collection of posters ever

 

Triggered.

Republicans. The weakest bunch of pedo supporters ever.

 

Cry more

 

Support more pedos, it’s what you excel at.

 

Don't support you.

 

Well I’m not a Republican or a religious leader

 

No you're a person who named yourself dmoneybangbang on a message board and spews nothing but liberal garbage

 

Better that than being a conservative pedo supporter.

 

I'm not

 

There are changes that need to be made so that the US government keeps up to date with the rest of the world and ahead in many cases.

I have said before that I respect that the Trump administration is willing to think outside the box and not just continue everything the same way.

Having said that - there are some MAJOR red flags, and the tax cuts for the ultra rich, coupled with a HIGHER budget AND cutting government programs and workers .... plus further erosion of consumer protections are an absolute recipe for disaster and the type of policies that can cause a MASSIVE over correction to the far left.

Arrogance and over confidence with a new administration is not unusual - the Biden administration certainly had arrogance in spades..... but I haven't seen this level of arrogance in my lifetime.

 

I would agree… except I have zero trust in Trump.

Elon has proven he can’t run a successful company without massive government support.

 

I don't have a lot of confidence in Donald Trump as an administrator either, but he won the election and deserves the right to do what he wants within the laws. My only hope is that I have seen in the past where things turn out vastly different than anticipated. So maybe that happens.

As for Elon Musk, he is an incredibly successful businessperson and creator. However, that does not mean that he represents the interest of the general public or even knows what those interests are. Just because someone is amazing at creating wealth, does not mean that they should be in charge of civil policy. I think of people like Henry Ford, who desperately wanted to control policy in the 1930's-1940's. Ultimately, for all his wealth and fame, the division between politicians and the wealthy was such that he did not get his wish.

 

He's a libertarian, which is just a dumb ideology - watch their party debates sometimes. It's very simplistic and rigid which I've noticed attracts autistic and/or neuro-divergent people. It's was the ideology of the billionaire Nerd Reich (I believe Thiel, Musk and Andreessen are all on the specrum) that's destroying our government right now, but they've moved on to a darker, weirder, and dumber authoritarian techno-feudalistic ideology.

 

The globalist agenda is Putin and his lap dog Trump destroying the United States and the post WWII liberal democratic order. It's not even a conspiracy anymore, they are doing it right out in the open, while you and MAGA are twisted up in knots with dumb internet conspiracies.

There is real evil. Putin is evil, Trump is evil, Musk is evil - they are doing real damage hurting and killing people with their policies.

WTF is the globalist agenda - it's vague bullshit. There is real, consequential (evil) policy happening under your nose.

 

I'm mainly talking about chemical and toxins spewing plants and factories in the oil and gas industry, tech industry, railroad industry, etc... I don't feel comfortable loosening the regs, trying to eliminate OSHA, or any other agencies testing the air, water, and environment for toxins, or unsafe work environments.

I can't imagine why you have a problem with protecting the lives of people from accidents at the workplace that could be avoided, or from people being poisoned and getting stuff like Cancer from toxins, from lack of regs, building housing near toxic waste, etc...

Texas and Louisiana have so many situations where the people became ill, got cancer, disabilities, or died from exposure over years. Safety and people first, is my opinion. You can't endanger people's health by cutting laws or scrapping agencies meant to protect them.