New York's tax revenues down billions, Cuomo's approval rating in the dumps: Could New York be ripe for a change in power?
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2019 Feb 12, 10:20am 4,332 views 40 comments
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2
Goran_K
2019 Feb 12, 10:35am
Goran_K
2019 Feb 12, 10:35am
Tenpoundbass says
The last time New York experienced a rise in bond ratings: 3 increases under Pataki.
Seems like all the Dems in New York have literally brought only higher taxes, less tax revenue (due to wealth flight), and bond rating decreases.
They need another meanie hard ass to clean that City up like Gulliani did in the 90's.
It's a shame how much this Idiot let that great City Rudy left ruin into such deplorable condition. And the people that now run and control it all need to go.
A ball busting hard ass will send them all scurrying away. Like the Cockroaches they are.
The last time New York experienced a rise in bond ratings: 3 increases under Pataki.
Seems like all the Dems in New York have literally brought only higher taxes, less tax revenue (due to wealth flight), and bond rating decreases.
4
Shaman
2019 Feb 12, 10:47am
Shaman
2019 Feb 12, 10:47am
Taxes are paid voluntarily.
If the public feels like the taxes are unfair, a significant number of them will either cheat or otherwise decline to pay the taxes. Enforcing the tax code at any scale is impossible. There will never be enough government accountants to audit everyone or even a double digit percentage of everyone.
Because of this reality, the government spends a lot of time and money convincing tax payers that they will be in mortal danger if they cheat on or fail to pay their taxes. It especially loves to make examples of celebrities because that shit gets into the news!
This all gives bad data points for the public to base their decisions of whether or not to pay all the taxes they owe. People have a radically skewed idea of how likely they are to be audited.
My point is this: if taxes “feel unfair” to any significant number of tax payers, they’ll stop paying and revenues will drop.
That’s what’s happening in New York.
If the public feels like the taxes are unfair, a significant number of them will either cheat or otherwise decline to pay the taxes. Enforcing the tax code at any scale is impossible. There will never be enough government accountants to audit everyone or even a double digit percentage of everyone.
Because of this reality, the government spends a lot of time and money convincing tax payers that they will be in mortal danger if they cheat on or fail to pay their taxes. It especially loves to make examples of celebrities because that shit gets into the news!
This all gives bad data points for the public to base their decisions of whether or not to pay all the taxes they owe. People have a radically skewed idea of how likely they are to be audited.
My point is this: if taxes “feel unfair” to any significant number of tax payers, they’ll stop paying and revenues will drop.
That’s what’s happening in New York.
6
Goran_K
2019 Feb 12, 1:38pm
Goran_K
2019 Feb 12, 1:38pm
OccasionalCortex says
Could happen. I'll take odds. Rhinos are great in stew according to most Venezuelans.
Goran_K saysSeems to me like New York is ripe for the picking, a change in power.
Those idiot Dem voters will start to eat zoo animals first.
Could happen. I'll take odds. Rhinos are great in stew according to most Venezuelans.
7
Goran_K
2019 Feb 12, 1:51pm
Goran_K
2019 Feb 12, 1:51pm
d6rB says
Till would be more effective in public office, he's actually talented at something.
@Goran_K, is that a picture of Till Lindemann? YUUGELY similar
www.youtube.com/embed/EOnSh3QlpbQ
Till would be more effective in public office, he's actually talented at something.
8
clambo
2019 Feb 12, 3:17pm
I have an idea what happened; those who have dough are escaping New York and relocating to Florida which has zero income tax.
They especially do this when they reach retirement.
It's amazing; when I go different places I hear the accents all over; a lot of them are from New Jersey which is almost indistinguishable.
It's a little weird to see all the NY Yankees, NY Giants, paraphernalia, in addition to the Boston Red Sox and the NE Patriots stuff all over.
The wealth moving here is simply amazing; it's probably boring but if you have google earth, take it down the inland waterway and islands (Palm Beach is an island) from Jupiter to Miami; you will see a gazillion expensive houses and boats for about 70 miles, tens of thousands of rich are here.
They especially do this when they reach retirement.
It's amazing; when I go different places I hear the accents all over; a lot of them are from New Jersey which is almost indistinguishable.
It's a little weird to see all the NY Yankees, NY Giants, paraphernalia, in addition to the Boston Red Sox and the NE Patriots stuff all over.
The wealth moving here is simply amazing; it's probably boring but if you have google earth, take it down the inland waterway and islands (Palm Beach is an island) from Jupiter to Miami; you will see a gazillion expensive houses and boats for about 70 miles, tens of thousands of rich are here.
9
HeadSet
2019 Feb 12, 3:35pm
HeadSet
2019 Feb 12, 3:35pm
I have an idea what happened; those who have dough are escaping New York and relocating to Florida which has zero income tax.
And do they bring Liberal ideas with them? Just a matter of time until FL gets an income tax.
And do they bring Liberal ideas with them? Just a matter of time until FL gets an income tax.
10
RWSGFY
2019 Feb 12, 3:56pm
RWSGFY
2019 Feb 12, 3:56pm
Tax reform suddenly exposed how high SIT in pinko states really are. And how little taxpayer get in return.
12
zzyzzx
2019 Feb 14, 10:40am
zzyzzx
2019 Feb 14, 10:40am
https://finance.yahoo.com/news/amazon-has-a-big-problem-now-that-it-has-scrapped-plans-for-a-new-york-city-headquarters-175135403.html
Amazon has scrapped it's plans for a New York City headquarters
. The internet and cloud services beast said Thursday it will pull out of its New York City development project after significant outcry from locals and various other parties fearing big rent hikes and epic wage inflation. Not helping Amazon’s case on what has become known as “HQ2” is an alleged $4.6 billion-plus tax incentive offered to Amazon by the state government to build the campus.
“After much thought and deliberation, we’ve decided not to move forward with our plans to build a headquarters for Amazon in Long Island City, Queens. For Amazon, the commitment to build a new headquarters requires positive, collaborative relationships with state and local elected officials who will be supportive over the long-term,” Amazon said in a statement.
Amazon added “While polls show that 70% of New Yorkers support our plans and investment, a number of state and local politicians have made it clear that they oppose our presence and will not work with us to build the type of relationships that are required to go forward with the project we and many others envisioned in Long Island City.”
Amazon has scrapped it's plans for a New York City headquarters
. The internet and cloud services beast said Thursday it will pull out of its New York City development project after significant outcry from locals and various other parties fearing big rent hikes and epic wage inflation. Not helping Amazon’s case on what has become known as “HQ2” is an alleged $4.6 billion-plus tax incentive offered to Amazon by the state government to build the campus.
“After much thought and deliberation, we’ve decided not to move forward with our plans to build a headquarters for Amazon in Long Island City, Queens. For Amazon, the commitment to build a new headquarters requires positive, collaborative relationships with state and local elected officials who will be supportive over the long-term,” Amazon said in a statement.
Amazon added “While polls show that 70% of New Yorkers support our plans and investment, a number of state and local politicians have made it clear that they oppose our presence and will not work with us to build the type of relationships that are required to go forward with the project we and many others envisioned in Long Island City.”
13
RWSGFY
2019 Feb 14, 10:43am
RWSGFY
2019 Feb 14, 10:43am
zzyzzx says
What's funny is many people from SFBA and Seattle bought real estate (some of them sight unseen) in the vicinity of the future AMZN HQ there. Yuuuuuge profit!
Amazon has scrapped it's plans for a New York City headquarters
What's funny is many people from SFBA and Seattle bought real estate (some of them sight unseen) in the vicinity of the future AMZN HQ there. Yuuuuuge profit!
16
Goran_K
2019 Feb 14, 12:15pm
Goran_K
2019 Feb 14, 12:15pm
De Blasio and Cuomo are such retards. Turn away 25,000 well paying jobs because they won't agree to a per head luxury tax.
This is also the reason why high tax policies are retarded. Wealth can flee at a moments notice, the world is very big.
This is also the reason why high tax policies are retarded. Wealth can flee at a moments notice, the world is very big.
18
Goran_K
2019 Feb 15, 7:06am
Goran_K
2019 Feb 15, 7:06am
TrumpingTits says
Whew. They are eating each other over this. Dem party doesn’t look very unified these days.
Now he's blaming AOC for Amazon bailing:
Cuomo slams Ocasio-Cortez, others, as Amazon ditches New York
https://www.foxnews.com/tech/cuomo-slams-ocasio-cortez-others-as-amazon-ditches-new-york
Whew. They are eating each other over this. Dem party doesn’t look very unified these days.
20
Bd6r
2019 Feb 15, 7:52am
Bd6r
2019 Feb 15, 7:52am
TrumpingTits says
"Elections have consequences". Congratulations to New Yorkers for being fucking idiots!
Cuomo slams Ocasio-Cortez, others, as Amazon ditches New York
"Elections have consequences". Congratulations to New Yorkers for being fucking idiots!
21
porkchopXpress
2019 Feb 15, 7:53am
porkchopXpress
2019 Feb 15, 7:53am
Read CNN's version of the story. It's hilarious. They make no mention of Cuomo's statement or others criticizing ACO. They say Amazon failed lol
https://www.cnn.com/2019/02/14/tech/amazon-new-york/index.html
https://www.cnn.com/2019/02/14/tech/amazon-new-york/index.html
22
FortWayneAsNancyPelosiHaircut
2019 Feb 15, 9:05am
FortWayneAsNancyPelosiHaircut
2019 Feb 15, 9:05am
They should elect Ocasio. Faster route to socialism which they all seem to want.
Replace lady liberty with statue of Lenin while at it, more fitting.
Replace lady liberty with statue of Lenin while at it, more fitting.
23
Hircus
2019 Feb 15, 11:33am
Hircus
2019 Feb 15, 11:33am
porkchopexpress says
A couple years ago, if someone would have told me that CNN twists the truth this much (and this often) in favor of a leftist agenda, I wouldn't have believed it. But now I see it all the time.
Read CNN's version of the story. It's hilarious. They make no mention of Cuomo's statement or others criticizing ACO. They say Amazon failed lol
https://www.cnn.com/2019/02/14/tech/amazon-new-york/index.html
A couple years ago, if someone would have told me that CNN twists the truth this much (and this often) in favor of a leftist agenda, I wouldn't have believed it. But now I see it all the time.
24
HeadSet
2019 Feb 15, 1:53pm
HeadSet
2019 Feb 15, 1:53pm
TrumpingTits says
Yep, looks like now Amazon is going to reneg on Campaign Contributions and/or contributions to Cuomo and DiBlassio. Has them steaming mad. At least this shows AOC is the real thing, as a true Democrat Socialist would be actively against billion dollar corporate incentives and seems not worried about losing potential campaign support from Amazon.
Now he's blaming AOC for Amazon bailing:
Cuomo slams Ocasio-Cortez, others, as Amazon ditches New York
https://www.foxnews.com/tech/cuomo-slams-ocasio-cortez-others-as-amazon-ditches-new-york
Yep, looks like now Amazon is going to reneg on Campaign Contributions and/or contributions to Cuomo and DiBlassio. Has them steaming mad. At least this shows AOC is the real thing, as a true Democrat Socialist would be actively against billion dollar corporate incentives and seems not worried about losing potential campaign support from Amazon.
25
Goran_K
2019 Feb 15, 11:11pm
Goran_K
2019 Feb 15, 11:11pm
Occasional cortex has destroyed 25,000 direct jobs in New York and at least another 25,000 in support jobs from Amazons presence in the state.
50,000 jobs destroyed by OCA and not even 1 year in.
50,000 jobs destroyed by OCA and not even 1 year in.
26
Booger
2019 Feb 16, 4:44am
Booger
2019 Feb 16, 4:44am
Good job AOC.
Set up your voters for your vision of Venezuelan style Utopia.
You will have solved the New York rat epidemic. Your voters will soon gladly catch and eat them.
The Stupid is strong with this one.
Set up your voters for your vision of Venezuelan style Utopia.
You will have solved the New York rat epidemic. Your voters will soon gladly catch and eat them.
The Stupid is strong with this one.
27
Bd6r
2019 Feb 16, 7:19am
Bd6r
2019 Feb 16, 7:19am
Booger says
Unfortunately for all of us, they will now move to place with jobs (Texas) and bring their stupidity with them.
Set up your voters for your vision of Venezuelan style Utopia.
You will have solved the New York rat epidemic. Your voters will soon gladly catch and eat them.
The Stupid is strong with this one.
Unfortunately for all of us, they will now move to place with jobs (Texas) and bring their stupidity with them.
30
Ceffer
2019 Feb 16, 1:42pm
Ceffer
2019 Feb 16, 1:42pm
AOC is the Cuomo/Di Blasio Roach Motel? Maybe she didn't get her cut of the bribes and emoluments! She's GANGSTA!
31
Goran_K
2019 Feb 16, 4:28pm
Goran_K
2019 Feb 16, 4:28pm
It’s confirmed. Amazon has claimed AOC is one of the primary reasons for Amazon pulling out of New York. Golden material for 2020
32
HeadSet
2019 Feb 16, 5:36pm
HeadSet
2019 Feb 16, 5:36pm
Goran_K says
Getting Amazon to pull out of New York was an AOC stated goal, AOC takes credit, not blame. She will run on a platform of not giving into Corporate interests like Amazon and the billion dollar bribes local governments provide.
It’s confirmed. Amazon has claimed AOC is one of the primary reasons for Amazon pulling out of New York. Golden material for 2020
Getting Amazon to pull out of New York was an AOC stated goal, AOC takes credit, not blame. She will run on a platform of not giving into Corporate interests like Amazon and the billion dollar bribes local governments provide.
33
Goran_K
2019 Feb 16, 7:38pm
Goran_K
2019 Feb 16, 7:38pm
HeadSet says
Nice. Very nice.
Goran_K saysIt’s confirmed. Amazon has claimed AOC is one of the primary reasons for Amazon pulling out of New York. Golden material for 2020
Getting Amazon to pull out of New York was an AOC stated goal, AOC takes credit, not blame. She will run on a platform of not giving into Corporate interests like Amazon and the billion dollar bribes local governments provide.
Nice. Very nice.
37
CBOEtrader
2019 Feb 23, 6:58am
CBOEtrader
2019 Feb 23, 6:58am
Goran_K says
I'm calling horse shit on this. Bezos wants AOC gone, and pulled off a PR live action hit piece w mastery. The real story here is how Bezos managed to go from dick pic to job creator hero in 5 days.
Also, he can put his headquarters anywhere, I dont think this decision effects him much.
It’s confirmed. Amazon has claimed AOC is one of the primary reasons for Amazon pulling out of New York. Golden material for 2020
I'm calling horse shit on this. Bezos wants AOC gone, and pulled off a PR live action hit piece w mastery. The real story here is how Bezos managed to go from dick pic to job creator hero in 5 days.
Also, he can put his headquarters anywhere, I dont think this decision effects him much.
38
lostand confused
2019 Feb 23, 7:04am
lostand confused
2019 Feb 23, 7:04am
If I was running a business and multiple states were fighting to get my jobs and oen state was calling me evil -which state do you think I would pick? Unless NY offered other competitive advantages -like if you are a wall street or hedge fund type firm-why would anyone want to go to that place?
39
CBOEtrader
2019 Feb 23, 7:08am
CBOEtrader
2019 Feb 23, 7:08am
lostand confused says
I was wondering how NY state had that deal. No clue.
why would anyone want to go to that place?
I was wondering how NY state had that deal. No clue.
40
clambo
2019 Feb 23, 7:16am
I wonder what Ocasio-Clueless thinks about the thousands of dollars of taxpayer money that we give to a customer for buying a Tesla? This is cash our of our pockets.
Cuomo, Schumer and Gillibrand are all tanking in approval ratings. High tax policies have driven away tax contributors from New York, and tax revenues dropped nearly $3 billion dollars YOY in the state leading Cuomo and Democrats in the state scrambling to figure out how to balance budgets with less and less revenue.
Seems to me like New York is ripe for the picking, a change in power. Might not be from the GOP, but could be a moderate Democrat like Manchin, or even an independent.