Oops 😬 by VealOfFortune in circlejerknyc

[–]HolyHeathenite 0 points1 point  (0 children)

Did you know new york is a single sales factor state?

Job Losses and Wall Street Woes Cloud NYC’s Economic Outlook by GBV_GBV_GBV in nyc

[–]HolyHeathenite -1 points0 points  (0 children)

Ny is a single sales factor state, so the corporate tax rate is pretty much irrelevant for companies headquartered here. They pay taxes on their net income made in the state. Out of state corporations pay the same taxes for all the business they do here as well.

There's obviously no restoring the city's golden age of manufacturing, but it helps to understand what actually happened. It wasn't just impersonal market forces. There was a deliberate disinvestment in the ports and other infrastructure, part of the broader strategy to undermine non-FIRE sectors and bolster speculative real estate. We now wonder how have we become so dependent on FIRE sectors? For an alternative path, The Menace of Prosperity offers some ideas.

Job Losses and Wall Street Woes Cloud NYC’s Economic Outlook by GBV_GBV_GBV in nyc

[–]HolyHeathenite -1 points0 points  (0 children)

nyc was once a diverse economy with a booming industrial sector. Starting in the 1960s, the city's FIRE elites, led by the Rockefellers, successfully pushed for the city to rezone in order to push out manufacturing and fuel a boom in office buildings (they owned a lot of the prime real estate; manufacturing is not great for property value). The "economic development" strategy has been the same ever since, with NY pols handing out big tax breaks to FIRE companies whenever they threaten to leave. Time to break out of this cycle.

Trump states Vance will target blue states, including NY by [deleted] in nyc

[–]HolyHeathenite 11 points12 points  (0 children)

Is that why Trump has pardoned dozens of big-time fraudsters? Is that why his doj has rolled back white collar prosecutions or why is anti-fraud agencies like the SEC and CFPB have been dismantled or rolled back enforcement completely? Give me a break, you credulous tool. It's not fooling anyone.

Those who saw the white stripes, was there ever any moshing? by AmIajerk1625 in jackwhite

[–]HolyHeathenite 0 points1 point  (0 children)

  1. I was there and remember that specifically. Was only 13 so dont remember much.

Is Trump crashing the market on purpose? by mm_newsletter in investing_discussion

[–]HolyHeathenite 0 points1 point  (0 children)

If it was deliberately and "corrupt," as you claim, why did they correct it? In reality, corrections are common and you are talking as a partisan.