Math for Socialists

Self ^ | 11/10/2025 | Self

[Pete Dovgan]

Figured I would do some 'rough' figure Math for any of the NYC Socialists who can read. Feel free to check the article for references above. Population of NYC= 8,478,072 Budget is 188 Billion a year. 1% of NYC accounts for 90% of Tax Revenue for the NYC. Therefore 84,000 people are responsible for 169 Billion of the 188 Billion of Revenue for NYC. Here is the Math for soaking the Rich. If the Rich leave, say 50% to florida or other districts, you lose 50% of 169 Billion of your budget. That's a no go for Police, Fire, Sanitation, Roads, Water, and most 'essential' services. The math says you don't need millions to leave NYC, only about 42,000 people. Those 42k people would 'destroy' the city by taking their Tax Revenue with them. That's not a lot of people 42k out of 8.4 million. This is the math problem with 'soaking the rich'. We can all thank public school education, Woke, and 'math is racist' ideologies for the disturbing math skills of the people that voted to destroy NYC. I promise you, all of the laws for from the 1970's aren't going to save the city from this kind of stupidity. Math says it can't provide essential services, and that's the way it is.

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TOPICS: Chit/Chat; Humor
KEYWORDS:

[LambSlave]

The author fails to understand Socialist math— they will just tax whoever remains more to make up for it and stigmatize them as the “new rich”.

[Brian Griffin]

Population of NYC= 8,478,072 Budget is 188 Billion a year

~$22,000/resident/year

I live on a third of that.

That would be about my after-tax income if I worked full-time.

[Pete Dovgan]

“they will just tax whoever remains more to make up for it and stigmatize them as the “new rich”.”

That is truly a race to the bottom. Targeting one group after another that produces, until you have nobody producing, no ‘start up revenue’ no ‘investments’ and no production. This is why ‘you run out of other peoples money’ and collapse.

[ArtDodger]

Reminds me of the story, years ago of the public school teacher of 3rd grade who tried a civics lesson on her students by having them elect a class president.
Several of the ‘candidates’ stood up and promised to work hard for student’s rights through better communication with the school’s faculty.
One little girl running for the office, Sally, stood up at her turn and promised all the classmates free ice cream if she were elected. By the roar of approval from the students, it was obvious she would be the winner and afterwards the teacher called Sally to her desk and asked her why she said such an outrageous thing. Sally said her dad told her to say it in order to win.
When asked how she would provide ice cream for all the students, Sally had no idea, and she really had no plans to fund such a project.
Sally easily won the election and never delivered on her promise of free ice cream. When pressed, she said she had wanted to but the teacher refused to treat the whole class with school money so it was out of her hands.
My guess, is the little girl’s real name was Sandy (AOC)

[fhayek]

$188 billion? The Budget for the entire state of New York is $254 billion. I guess I was just taken aback.

[Dilbert San Diego]

Cursory review of the internet indicates that the budget for New York City is $116 billion. So maybe the number quoted here is off a bit.

But the concept is still sound. A handful of extremely wealthy people are expected to pay a disproportionate amount of the city taxes. And if they move out, then that creates other problems.....

[bert]

Meanwhile......... the poor do not pay their fair share

[Presbyterian Reporter]

“””1% of NYC accounts for 90% of Tax Revenue for the NYC.”””

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I believe you need add corporate income taxpayers in your analysis.

You are on the right track, but just tweak the numbers a bit with corporate tax revenues in NYC.

[Redleg Duke]

” Meanwhile......... the poor do not pay their fair share”

Oh, under Mamdani, they will after the employed and wealthy bail.

[Presbyterian Reporter]

“””$188 billion? The Budget for the entire state of New York is $254 billion. I guess I was just taken aback.”””

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Ron DeSantis was on Levin last night and DeSantis said the NYC budget was greater than the entire Florida budget.

[NonValueAdded]

My liberal friends posted a meme a while back, stating that “we” pay the tariffs. My goodness, they recognized how a passthrough tax works! It would take only one small step more for them to realize that is how a corporate tax works too. No wonder that meme went away.

[fhayek]

I am from Buffalo. There used to be a major employer called Bethlehem Steel, which had a plant in the adjacent city of Lackawanna, New York. Now the city of Lackawanna used to just rape Bethlehem Steel with their property tax levies. I think you could sum up the prevailing attitude of the local politicians with the phrase - "What are they going to do, leave?"

Bethlehem Steel didn't leave. Until they did.

[Brian Griffin]

Many of rich have their wealth in stock.

The middle class doesn’t have the money to buy their overpriced stock.

[Regulator]

You can be assured that Madman Mamdani will attempt to pursue those who flee and tax them simply for leaving.

[Presbyterian Reporter]

“”””Cursory review of the internet indicates that the budget for New York City is $116 billion. So maybe the number quoted here is off a bit.

But the concept is still sound. A handful of extremely wealthy people are expected to pay a disproportionate amount of the city taxes. And if they move out, then that creates other problems.....””””

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I am in agreement. I think the NYC budget is around $116 billion.

The big hurt for NYC will come when the Corporations move their offices from NYC.

In today’s internet world there is less and less reason for a corporation to lease a huge office building located in NYC.

[bert]

Actually, the middle class have 401K’s that can be and are invested in shares.

[Brian Griffin]

Two competitive corporations:

Corporation A profit $20,000 on $100,000 in sales.

Corporation S profit $5,000 on $100,000 in sales.

Tax rate 20%

Corporation A after-tax profit $16,000 on $100,000 in sales.

Corporation S after-tax profit $4,000 on $100,000 in sales.

Tax rate -> 40%

Corporation A would have to raise its prices four times as much as Corporation S to also maintain its after-tax profit.

[Presbyterian Reporter]

My background is in the oil industry.

I remember the good old days when ——

1. Mobil was headquartered in New York City.
2. Exxon was headquartered in New Jersey
3. Amoco was headquartered in Chicago
4. Chevron was headquartered in San Franscisco

The people who worked in the headquarters were not necessarily rich, but they were among the highest paid employees in those cities.

[Brian Griffin]

“corporate tax”

It dates back to the railroad age.

Railroads had rates fixed in such as like 1 cent per passenger mile and 1 cent per freight ton mile.

If the railroads got taxed, the Vanderbilts wound up with less money.