101–110 of 174 posts
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Precisely - if cities with overwhelmingly progressive constituencies can't get their own house in order - what's the chance that a country will be different?
/me looks at the USA I don't think the overwhelmingly... regressive? conservative government you've been running has done overly well either.
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>Why should we sympathize with a minority of rent-seekers? I don't really think this is about sympathizing with rent-seekers. Cities invest in infrastructure to cover anticipated service delivery well before it's due, and the financing for doing so is a multi-decade affair. Before you complain, this includes things like providing running water, roads that are paved, etc. Really core essential pieces of making a city…
70,000 in a city of 8 million. It’s less than 1% of the population. The infrastructure needs don’t change much. How much of the tax burden did those people support?
That is really the question. One Elon Musk or Larry Ellison can leave town and carry away tax income equivalent to hundreds of other people.
Is there any breakdown of the class of people moving away? Specifically, i'd be curious if they are wage earners? passive income earners?
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"While the US is very young ".... What's that? By what measure? It's one of the oldest continuous governments out there.
The government may be one of the older ones, but many cities are far, far older. Many cities in Europe have been around for thousands of years.
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>NYC is costly, but not as costly as people think Oh come on, it's among the most expensive places to live in the world by almost any metric. Rent? Probably top 5 most expensive in the world. Groceries? Among the most expensive in the world. Restaurants? Among the most expensive in the world. This is bare necessities. It's not as if people in Raleigh are spending massive portions of their budget on "Culture" that som…
+ proposed $3 tax for every package ordered :) ..because you can't buy anything "non essential" locally, because everything is closed... https://abc7ny.com/package-surcharge-nyc-extra-fee-for-deliv...
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Not that I disagree much, apart from one thing - that places like NY have 'everything'. If you like nature, mountains, adrenaline sports, weekend adventures without crazy commute, then NY has none. Irrelevant to some, but folks like me couldn't be bothered to even consider it even if my take home salary went 10x.
If I could work in NY for 5 years and could earn 50 years worth of income and literally retire for life afterwards? I think I could find a way to bear it.
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That's an interesting point of view Don't you think it's exactly the high taxes that give space for corruption and incompetence? Once you accumulate a large pool of money (especially if it's someone else money), the larger the pool, the easier it is to waste it. We see it with governments, big tech companies, VC funded startups, even when pooling money for a road trip with friends. I think the enemy is human nature a…
Everything gives room for corruption and incompetence. The problem is the US has some of the most incompetent government on a local level in the developed world. Part of it is American individualism, part of it is the Republican party starving the beast, part of it is the government as a giant jobs program. There is no reason we cannot have competent civil servants, long term planning, clean cities, etc. I'm complete…
Take a look at how long metro cities in the U.S. have been run by Democrats, and then tell me this is a Republican problem.
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The absence of income is not a "loss", certainly not a taxable one. This is not how landlords make money.
The landlord's paying for the building no matter what, so it's possible that depending on how it's leveraged and their income overall, they'd rather lose money and get a reduction in taxable income than break even with lowered rent.
i tried to negotiate being month to month at my manhattan apt at the same rate and my land lord wouldn't accommodate me. Now the apt has been unrented for a few months and they're asking for a 10% drop in rent and probably won't get it for a long long time. happily commenting from hawaii
Real estate, being a straightforward investment attracts those who couldn't be making more money at pretty much any other type of investment. Hence you get the most clueless people managing the properties.
3.57 million people left New York City this year to live out their lives in comfort someplace else, and then 3.5 million people hungry for opportunity arrived to take their place. I hope to see similar results in San Francisco.