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1
WookieMan
2020 Nov 12, 11:45am
WookieMan
2020 Nov 12, 11:45am
GreaterNYCDude says
Your thought is correct. Can't control private residences unless you're fucking kids or killing people. You know, actual crimes. Executives cannot make laws. So if you're not disturbing the peace, you're free to do what you want on your property. I can drink and drive until I die at my mom's closed down campground on private property as long as I'm not inviting the public in and collecting money. Police and governor have zero say in that.
Scary times. Lots of weak people getting manipulated into giving up rights. We need to fight the governors and the weak Karen's every step of the way.
So how is it constitutional that the governor can limit the number of people gathered at a private residence?
(I suspect it isn't)
Your thought is correct. Can't control private residences unless you're fucking kids or killing people. You know, actual crimes. Executives cannot make laws. So if you're not disturbing the peace, you're free to do what you want on your property. I can drink and drive until I die at my mom's closed down campground on private property as long as I'm not inviting the public in and collecting money. Police and governor have zero say in that.
Scary times. Lots of weak people getting manipulated into giving up rights. We need to fight the governors and the weak Karen's every step of the way.
3
zzyzzx
2020 Dec 18, 5:33am
zzyzzx
2020 Dec 18, 5:33am
https://fee.org/articles/new-york-lawmaker-begs-goldman-sachs-not-to-go-to-florida-please-don-t-leave-us/
New York Lawmaker Begs Goldman Sachs Not to Go to Florida: ‘Please Don’t Leave Us’
New York and California have created climates hostile to capital, markets, and entrepreneurs. Fortunately, they are not the only game in town.
There’s no question that New York’s situation is desperate. The state was facing a $13 billion budget deficit and an exodus of people before the coronavirus arrived. The pandemic, and the draconian and bungled response to it from lawmakers, has only made the situation worse.
New York’s unemployment rate stands at 9.6 percent, higher than all but two US states, and its aggressive enforcement of lockdowns has devastated commerce. The New York Times recently estimated that one-third of small businesses in the state may be gone forever. Many of the perks of being in New York have vanished, which has hastened the exodus from the Big Apple and resulted in a drain on the greatest of all resources: people.
In their 2012 book Why Nations Fail, economists James A. Robinson of the University of Chicago and Daron Acemoglu of MIT analyzed poor countries around the world and concluded countries fail primarily because leaders make poor decisions that inhibit the spread of prosperity.
“Nations fail today because their extractive economic institutions do not create the incentives needed for people to save, invest, and innovate,” write Acemoglu and Robinson. “Extractive political institutions support these economic institutions by cementing the power of those who benefit from the extraction. Extractive economic and political institutions, though their details vary under different circumstances, are always at the root of this failure."
The economists were writing about nations, but one has to wonder if we’re seeing a similar phenomenon at work in US states. New York has the highest overall tax burden in the US. California, meanwhile, has a top income tax rate of 13.3 percent, the highest in the country. These are among the most extractive—to borrow the term used by Acemoglu and Robinson—policies in America, and they strongly inhibit investment, innovation, and prosperity.
It’s not just tax rates, however. Both New York and California have created climates hostile to capital, markets, and entrepreneurs.
New York City Mayor Bill de Blasio openly complains about the problems with private property, the engine of wealth creation, and New York elected officials publicly float a 120 percent tax on the wealthy “to confiscate their wealth & put them in debt before they leave us.” These are not idle threats. The New York Senate is currently considering a massive tax hike on wealthy New Yorkers, and the Wall Street Journal reports it is even trying to make the tax retroactive “to some earlier point in 2020.”
In California, the treatment toward entrepreneurs is arguably worse (just ask Elon Musk).
It’s naïve to think people who work for Goldman Sachs, which would not be the first financial company to flee New York in recent years, and Oracle do not notice this treatment or these tax proposals.
Meanwhile, these wealth creators are being welcomed with open arms by officials in Florida and Texas, warm-weather states that have no income tax, booming financial sectors, functioning cities, and plenty of entertainment. (and no masks).
Rep. Suozzi can plead with Goldman Sachs to stay and talk about reinstating the SALT deduction, a coveted provision for wealthier taxpayers (especially in high-tax states) that allows them to deduct state and local taxes in their federal filing. Gov. Cuomo can promise to buy drinks and perhaps even offer a few lucrative tax incentives—like the $115 million in cash grants and tax breaks Goldman received to build in NYC (one of the flaws in the Tiebout model).
However, they have little else to offer to make New York more attractive to Goldman Sachs or its employees, who were a main driver of the decision to consider relocation.
“It’s not just about how cities are treating the companies themselves,” Andrew Ross Sorkin, the host of Squawk Box, told Suozzi. “One of the things that I understand from my reporting on Goldman Sachs is that there’s a group of employees who effectively think they want to work in Florida because their personal income taxes would be a lot lower.”
The Tiebout model has some problems, but the basic idea—that competition between jurisdictions can reveal points at which the costs of public goods have exceeded their actual value to the public—is sound.
If this competition can incentivize New York and California to rethink the extractive policies that are driving out wealth and investment, we should be thankful it exists.
New York Lawmaker Begs Goldman Sachs Not to Go to Florida: ‘Please Don’t Leave Us’
New York and California have created climates hostile to capital, markets, and entrepreneurs. Fortunately, they are not the only game in town.
There’s no question that New York’s situation is desperate. The state was facing a $13 billion budget deficit and an exodus of people before the coronavirus arrived. The pandemic, and the draconian and bungled response to it from lawmakers, has only made the situation worse.
New York’s unemployment rate stands at 9.6 percent, higher than all but two US states, and its aggressive enforcement of lockdowns has devastated commerce. The New York Times recently estimated that one-third of small businesses in the state may be gone forever. Many of the perks of being in New York have vanished, which has hastened the exodus from the Big Apple and resulted in a drain on the greatest of all resources: people.
In their 2012 book Why Nations Fail, economists James A. Robinson of the University of Chicago and Daron Acemoglu of MIT analyzed poor countries around the world and concluded countries fail primarily because leaders make poor decisions that inhibit the spread of prosperity.
“Nations fail today because their extractive economic institutions do not create the incentives needed for people to save, invest, and innovate,” write Acemoglu and Robinson. “Extractive political institutions support these economic institutions by cementing the power of those who benefit from the extraction. Extractive economic and political institutions, though their details vary under different circumstances, are always at the root of this failure."
The economists were writing about nations, but one has to wonder if we’re seeing a similar phenomenon at work in US states. New York has the highest overall tax burden in the US. California, meanwhile, has a top income tax rate of 13.3 percent, the highest in the country. These are among the most extractive—to borrow the term used by Acemoglu and Robinson—policies in America, and they strongly inhibit investment, innovation, and prosperity.
It’s not just tax rates, however. Both New York and California have created climates hostile to capital, markets, and entrepreneurs.
New York City Mayor Bill de Blasio openly complains about the problems with private property, the engine of wealth creation, and New York elected officials publicly float a 120 percent tax on the wealthy “to confiscate their wealth & put them in debt before they leave us.” These are not idle threats. The New York Senate is currently considering a massive tax hike on wealthy New Yorkers, and the Wall Street Journal reports it is even trying to make the tax retroactive “to some earlier point in 2020.”
In California, the treatment toward entrepreneurs is arguably worse (just ask Elon Musk).
It’s naïve to think people who work for Goldman Sachs, which would not be the first financial company to flee New York in recent years, and Oracle do not notice this treatment or these tax proposals.
Meanwhile, these wealth creators are being welcomed with open arms by officials in Florida and Texas, warm-weather states that have no income tax, booming financial sectors, functioning cities, and plenty of entertainment. (and no masks).
Rep. Suozzi can plead with Goldman Sachs to stay and talk about reinstating the SALT deduction, a coveted provision for wealthier taxpayers (especially in high-tax states) that allows them to deduct state and local taxes in their federal filing. Gov. Cuomo can promise to buy drinks and perhaps even offer a few lucrative tax incentives—like the $115 million in cash grants and tax breaks Goldman received to build in NYC (one of the flaws in the Tiebout model).
However, they have little else to offer to make New York more attractive to Goldman Sachs or its employees, who were a main driver of the decision to consider relocation.
“It’s not just about how cities are treating the companies themselves,” Andrew Ross Sorkin, the host of Squawk Box, told Suozzi. “One of the things that I understand from my reporting on Goldman Sachs is that there’s a group of employees who effectively think they want to work in Florida because their personal income taxes would be a lot lower.”
The Tiebout model has some problems, but the basic idea—that competition between jurisdictions can reveal points at which the costs of public goods have exceeded their actual value to the public—is sound.
If this competition can incentivize New York and California to rethink the extractive policies that are driving out wealth and investment, we should be thankful it exists.
4
mell
2020 Dec 18, 11:07am
Fuck Cuomo! Once a great state and best city in the whole world, built by tough people for tough people, then the leftoids ruined everything as usual with their pussy and crony bullshit. Until the people use pitchforks and torches to run these assholes out of town there is no hope for NY(C). I still love New York but it's in need for some changes. Bring back a guy like Giuliani for the city and replace the Governor as well and there's more than hope. In the meantime it's one historic club/restaurant after the other closing.
5
Bd6r
2020 Dec 18, 11:15am
Bd6r
2020 Dec 18, 11:15am
fuck asshole New Yorkers and their Vampire Squid, who will ruin Florida just like they ruined their own State.
Make a guess is Goldman Sucks and other vampires preferred Clinton and Biden to Trump. Let them stay in socialist paradise they helped create and let them eat fucking cake.
Make a guess is Goldman Sucks and other vampires preferred Clinton and Biden to Trump. Let them stay in socialist paradise they helped create and let them eat fucking cake.
6
mell
2020 Dec 18, 11:20am
Dbr6 says
Yeah but that's the problem with global businesses these days they can move on a whim into tax havens while punishing the middle class with the communist taxes they voted for.
fuck asshole New Yorkers and their Vampire Squid, who will ruin Florida just like they ruined their own State.
Make a guess is Goldman Sucks and other vampires preferred Clinton and Biden to Trump. Let them stay in socialist paradise they helped create and let them eat fucking cake.
Yeah but that's the problem with global businesses these days they can move on a whim into tax havens while punishing the middle class with the communist taxes they voted for.
7
Bd6r
2020 Dec 18, 11:35am
Bd6r
2020 Dec 18, 11:35am
mell says
Perhaps elected politicians in states such as Texas and Florida should not roll out red carpet for such businesses. Look at TX - Austin is now California East and has not turned to a complete shithole only because State does not let them do everything their way.
Yeah but that's the problem with global businesses these days they can move on a whim into tax havens while punishing the middle class with the communist taxes they voted for.
Perhaps elected politicians in states such as Texas and Florida should not roll out red carpet for such businesses. Look at TX - Austin is now California East and has not turned to a complete shithole only because State does not let them do everything their way.
8
Ceffer
2020 Dec 18, 1:21pm
Ceffer
2020 Dec 18, 1:21pm
Cuomo and DeBlasio are mercenaries and actors. As such, they are told what to do and what to say and when to say it and how to say it. They are also required to fall on their swords and destroy their communities on cue.
Newsom and the mayors of SF and LA also fall into this category. They do not answer to the welfare of the people. They serve masters who would slaughter us if they thought it would further their agenda.
This is a war and wars destroy cities. This one is just leaving the buildings standing and the infrastructure reasonably intact. It is also why Trump needs to declare martial law, because we are in a war of infiltration.
Newsom and the mayors of SF and LA also fall into this category. They do not answer to the welfare of the people. They serve masters who would slaughter us if they thought it would further their agenda.
This is a war and wars destroy cities. This one is just leaving the buildings standing and the infrastructure reasonably intact. It is also why Trump needs to declare martial law, because we are in a war of infiltration.
10
Booger
2020 Dec 18, 2:16pm
Booger
2020 Dec 18, 2:16pm
Fuck Cuomo. I used to live in NY, and Cuomo has made it so bad that I won't even visit NY any more
11
RC2006
2020 Dec 18, 4:25pm
RC2006
2020 Dec 18, 4:25pm
Booger says
No go blocks becoming no go cities.
Fuck Cuomo. I used to live in NY, and Cuomo has made it so bad that I won't even visit NY any more
No go blocks becoming no go cities.
So how is it constitutional that the governor can limit the number of people gathered at a private residence?
(I suspect it isn't)
If anyone asks I'm not having my family for Thanksgiving.. rather I'll have the usual bunch of Turkeys perhaps with a few nuts mixed in.