Posted on 01/18/2005 4:04:36 AM PST by nickcarraway
Good idea...Let them make small monthly payments. Cut the bridges and tunnels, call them "United Nations" country.
I do believe that I agreed on this one (see post 80) already. However, there isn't anything unique that ties banking to NYC other than history. To believe that NYers have some special expertise that isn't found elswere is unrealistic.
The business with the fence was to make a point about what is produced vs what is consumed in NYC. My point being that NYC wealth is very dependent on the rest of the country and not really produced in NYC. If you cut NYC off like Cuba and made it an independent country (and the majority of New Yorker voters have the same view of frededom that Castro has) then it would be impoverished PDQ.
US Constitution, Article IV, Section 3: New States may be admitted by the Congress into this Union; but no new State shall be formed or erected within the Jurisdiction of any other State; nor any State be formed by the Junction of two or more States, or parts of States, without the Consent of the Legislatures of the States concerned as well as of the Congress
Shut down yes would be very disruptive. Just moved to Florida or Texas because the labor market and office space and cost of living are cheaper? Not disruptive at all.
Transparant attempt by liberals to gain two more Democratic Senators.
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Not to mention quite a few more congresscritters.
No, let the city stay in the state. Conservatives Republicans have to do a better job promoting a conservative agenda - economically and morally - than they have been that's all.
Wow.
What a splendid idea.
Bush would be able to win an election in the real New York sometimes, thus making NYC's huge population not as important. They would be sidelined just like D.C. into a sideshow.
What a great idea. Secede.
Certainly, the NYC banking industry came about due to various hostorical factors. However, that doesn't change the fact that NYC is home to the top banking industry in the world.
My point being that NYC wealth is very dependent on the rest of the country and not really produced in NYC. If you cut NYC off like Cuba and made it an independent country (and the majority of New Yorker voters have the same view of frededom that Castro has) then it would be impoverished PDQ.
You are correct- if we embargoed NYC, then it would quickly go under. However, even in the unlikely scenario that NYC somehow seceeded from the US and formed its own independent country, an embargo would not happen for the simple reason that the damage to the world economy would be monumental.
One could probably guarantee that most business would be taxes to death and would move out of NYC.
Ah, but the senators for the non-NYC state of the state would probably be red.
We would gain them two new Dem senators to begin with, but only for a short while.
There has been some natural movement of financial industry jobs outside of NYC for just those reasons. This may accelerate as technology makes the spreading out of industries more viable.
However, we're not talking about natural job drift. We're talking about a dramatic event (such as an embargo of NYC) that required a rapid move of the entire NYC financial and banking industry. That would clearly be massively disruptive.
DO IT! DO IT! DO IT!!!
Maybe we could trade NYC and Erie County, NY, to Canada for a equivalent amount of real estate...say, Watertown Lakes NP (the Canadian extension of Glacier NP). Then the rest of NY State would be competitive in elections.
The problem is that this assumes that, if Upstate NY seceded, it would lower taxes. I dispute that assertion. Look at what the Erie County government chose to do to balance their budget - a 9.25% sales tax. Admittedly, a lot of the crisis is supposedly due to Albany's mismanagement of Medicaid (which I dispute; Erie County spent their tobacco settlement on what? Not Medicaid.) Monore and Erie Counties are just as blue as the City. Secession would not lead to lowered taxes or spending cuts. Secession would, instead, lead to higher taxes. Western New Yorkers would demand that services not be cut. Without the New York City corporate and income tax revenue (higher incomes in the City), Western New York would be forced to raise taxes even further.
Oh please can we do this to Seattle. They can call it KurtCobainia, and the butt-ugly Experience Music Project can be their Capital building. Then they can put the giant statue of lenin located in the Freemont district, on the center of the new State Flag.
What you have found is much of the 'back office' departments in financial services have been moved to Jersey City , Westchester or merely out of Manhattan. Primarily this has been done for cost savings but also to decentralize operations in case of catastrophic terrorist attack.
That being said, the heart of the banking and the real brain power and creativity in the finacial services secot will stay concentrated in one urban setting. It's simply too difficult to remove yourself from all of the component buisnesses that are concentrated in onc city.
Hey, don't leave solid red Orange County out of the Central California state!!
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