Posted on 09/29/2020 2:57:09 PM PDT by karpov
BINGO! And the rest of NYS is wallowing in depression as well. What a messed up mess.
New York City and New York state have been sailing towards correction territory for years. The only thing that was keeping them on life-support was tourism and the financial industry.
NYC can kiss tourism goodbye. NYC is no longer safe, not because of the virus or sinking tax revenues. It is not safe because of decisions made by NYC politicians, put there by NYC residents. They cut $1billion from their police force, handcuffed law enforcement making them impotent – as crime and murder rates soar. Not to mention the riots, arson, and violence. Then of course the bail-reform rounds this perfect mess off nicely, you break the law - violent crimes, non-violent crimes - you go free and in many cases, you are not prosecuted. NYC residents don’t feel safe. Why would tourists?
The financial industry doesn’t need NYC anymore. The stock market crashed and recovered nicely without hardly anyone going to work in NYC office buildings. What does that tell you? It tells me that these highly paid traders, hedge funds and the like don’t need NYC to keep making gobs of money. Some have to leave the state because their companies left NYC. Just watch the stock exchange and financial trading server farms in NJ get moved to Texas or Florida.
NYC and NY state overplayed their hand. Most NYers are paying taxes to pay for NY state government worker pensions. Talk about wealth distribution. Every taxpayer either has to save and invest or work until their dying day to provide themselves with a pension - and in NY simple civil servant secretaries are taking home $4000 a month in pensions.
So, why should the rest of us bail out NYC or NY State?
They argue that they pay more federal taxes. Gee there are more New Yorkers in New York than Wyomingites in Wyoming. Same federal tax rates. The argument that NY companies contribute more federal tax dollars is moot – because NY state shut businesses down and chased way too many out of state while allowing small- and medium-sized businesses to die on the vine, because they will not allow them to open.
Stop whining, open up your city and state and get to work. You want tax revenue - well let people work. You want tourism – give the police the money you reallocated back and provide them with the authorities they need to effectively combat crime. And get rid of the bail reform, which is nothing more than a free-for-all for criminals.
The people who left aren’t coming back, the people who can still afford to leave are on the way out and the people left over are either super wealthy or poor. It took real talent to allow this to happen. And the people who are responsible for this mess live in NY and vote for NY politicians. NY cannot hide behind the virus anymore. The situation NY is in has more to do with poor choices than the pandemic.
If New Yorkers want the rest of us to bail it out – then please present us a plan on how you are going to live according to your means – based on today and not pre-Covid. It may shock NY politicians to know that there are a large majority other states that are doing just that – they are adapting to the new situation. And because most opened up their economies, they are going to leave NY in the dust.
they glass over the increased crime and the riots....they glass over putting bums up in hotels....they glass over a city that ENCOURAGED large gatherings back in Fed and March.....
Warren got initially elected IIRC by a scant majority in an election where very few seemed to vote, nor care....
And DeBlasio will of course blame Trump.
#62: A dead on post. Thank you.
Excellent summary.
but the teachers will still pull down their huge salaries and them and all the state workers will still pull down their fat pensions WHICH ARE NOT TAXED by NY and everyone will be happy....except the poor slobs that need to stay and work for a living and can't afford to pull up stakes...there's a lot of people like that.
Exactly!
As if we hadn't known that for months, eh?
Were nursing home patients riding the subways?
Embrace the suck.
Covid has forced companies to go to telecommuting. It will continue into next year. After that’s over and both companies and workers have gotten used to it, companies will think hard before asking workers to return to expensive office space. Workers are realizing they don’t need to make a stressful, time consuming commute and bear the expenses (transportation, lunch, daycare, doggy daycare, etc) that comes from commuting.
You don’t even need to live I an expensive crowded city to telecommute. New York is in big trouble long term.
And Mayor DeBlasio doesn't care. Worse even, he is working to exacerbate the situation.
The state is done...I see Fox News and Wall Street moving out..Fox is mostly women and it is to dangerous for them..and they have said it on air
Mayor De Blasio Tweets He Will Keep New York Under COVID-Unism Forever; “We’re not done until we hit zero.” - https://www.freerepublic.com/focus/f-news/3888804/posts
These problems are largely the making of DeBlasio and Cuomo. Why should The President, and by extension we US taxpayers, bail them out with Federal money?
“If New Yorkers don’t like the results, they should elect new ones.”
Or perhaps “disappear” the existing politicians.
After all, under existing law, nothing will happen to you.
What’s good for the turds is good for the good folks.
Give it to ‘em.
We’ll look the other way.
And applaud.
The *pandemic* did nothing. Cuomo and Deblasio did it.
It’s all government mismanagement by the democrats.
This is our future if they ever take control of the House and the Senate, and steal the presidency.
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