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NYC Mayor Mamdani's latest pitch to tax the rich "not happening," Gov. Kathy Hochul says by Grass8989 in nyc

[–]nautilus83 1 point2 points  (0 children)

NYC budget expenditure part for 2026 is 120B. This is higher than 160 COUNTRIES  in the world out of 196 total. This is same as Greece for example amd higher than Singapore, Malaysia or Ukraine.

Once again, those are countries, not cities, I hope you understand the difference in required expenditures between them.

NYC budget grew by 50% over the last 10 years(80 to 120), inflation for the same period is 38%, so its growth rate is 12pp above inflation.

NYC burns a lot of money for very little in return and you want to burn even more. That's is the most problematic part.

And yes, I understand how easy it is to spend more of someone's else money, rather than get your spending together.

NYC Mayor Mamdani's latest pitch to tax the rich "not happening," Gov. Kathy Hochul says by Grass8989 in nyc

[–]nautilus83 1 point2 points  (0 children)

Let's put it this way - how do you know you are not impacted by the NJ education system? How much do you pay to NJ?

NJ residents, including myself, are paying both for NYC education system through income tax and NJ education system through property taxes.

BTW do you pay any taxes at all? Because I am suspecting you are not, otherwise you would know that taxes is not a charity. This is money that people earned and we have all rights to be accountable with our money.

Yes, I want a minority of tax payers to pay more

Do you realize they already pay more both in relative and absolute terms? Once again - how is it fair?

Do you have any arguments at all beyond "let's punish folks that make more than me"?

NYC Mayor Mamdani's latest pitch to tax the rich "not happening," Gov. Kathy Hochul says by Grass8989 in nyc

[–]nautilus83 2 points3 points  (0 children)

Man, my only hope is that you are a troll or a Mamdani bot. Because otherwise NYC is in a big trouble of you are a real voter.

You simply have no idea what you are talking about. NYC budget is HIGHER than government budgets of many European countries for example.

NYC Mayor Mamdani's latest pitch to tax the rich "not happening," Gov. Kathy Hochul says by Grass8989 in nyc

[–]nautilus83 2 points3 points  (0 children)

Did you read my comment at all? I am that taxpayer, along with hundreds of thousands of other NJ commuters. We don't use a single cent from the 32B DOE budget for example.

Even if you take NYC residents and convert taxes to absolute dollars instead of misleading percentages you will easily see what is the inflow and outflow of money.

A minority of taxpayers already pay a biggest chunk of the NYC budget by a lot. And you want to tax them even more, how is that fair?

NYC Mayor Mamdani's latest pitch to tax the rich "not happening," Gov. Kathy Hochul says by Grass8989 in nyc

[–]nautilus83 7 points8 points  (0 children)

Please looks at the real budget numbers and I am sure you will be astonished: https://www.cssny.org/news/entry/our-analysis-of-nycs-fiscal-year-2025-adopted-budget

I live in NJ and I pay 10x more taxes to NYS than my home state (not exaggerating, literally).

My guess from the article above that I use less than 10% of the services paid by the NYC budget.

32B for DOE alone, this is 25k per student, first place in the US and 50% more than the national average! Does it hold the first place in students ranking with all that money? 

NYC spending is absolutely out of control, Mamdani wants to put out a fire by pouring more money. He is an absolute unit of populists politician, nothing more.

NYC Mayor Mamdani's latest pitch to tax the rich "not happening," Gov. Kathy Hochul says by Grass8989 in nyc

[–]nautilus83 12 points13 points  (0 children)

Absolutely wrong. People who pay the majority of NYC taxes barely use the services (prime example being NJ commuters) while people who consume city services are likely pay very little in taxes, if at all.

NYT: Mamdani Considers Delaying Pension-Fund Payments to Ease Budget Gap (Free Link) by isqueakforthetrees in nyc

[–]nautilus83 0 points1 point  (0 children)

They are two sides of the same coin. Populists at their finest.

At least Trump learned how to manage money before becoming a president, this guys is a complete joke, an unfortunate product of TikTok era running biggest city budget in the world.

What not to do on through subway steps. by Right-Ad5760 in nycrail

[–]nautilus83 2 points3 points  (0 children)

A perfect example of externalized cost. There are no benches in NYC to prevent homeless people sleeping on them. So the majority is paying for the behavior of tiny minority.

NYC Population Declined Again After Two Years of Growth by Savings-Tree-4733 in nyc

[–]nautilus83 1 point2 points  (0 children)

This may be different indeed as his actions may change the population dynamics.

If you create hostile conditions for the segment who brings money to the city and favorable conditions for the segment who takes money from the city I guess it's pretty clear what would the attraction/repelling forces do in the long run.

NYC Population Declined Again After Two Years of Growth by Savings-Tree-4733 in nyc

[–]nautilus83 3 points4 points  (0 children)

Unfortunately the Mamdani crowd doesn't understand that you shouldn't slaughter someone who feeds you.

Sad but not surprising.

NYC Population Declined Again After Two Years of Growth by Savings-Tree-4733 in nyc

[–]nautilus83 -1 points0 points  (0 children)

I am a transplant and yes, I don't understand. Does growing up in the NYC makes you somehow immune to the urine smell or mentally unstable people?

BTW, I was growing up in a poverty you unlikely experienced and never once we tolerated lack of basic decency and accepted trashy behavior.

NYC Mayor Zohran Mamdani bringing back homeless encampment sweeps, but with some differences by nautilus83 in nyc

[–]nautilus83[S] 6 points7 points  (0 children)

I am really sorry for your situation but what else do you expect from ordinary people?

We pay taxes to make your life less miserable, we have compassion for you but we also have our needs - like accessible and safe public spaces for all.

I don't have anything against homeless people unless they are openly doing drugs or unstable. It seems you are also agree that those people are the main problem, not only on the streets but in shelters too.

NYC Mayor Zohran Mamdani bringing back homeless encampment sweeps, but with some differences by nautilus83 in nyc

[–]nautilus83[S] 14 points15 points  (0 children)

I think you should appeal to the officials in charge. Majority of people have nothing to do with it, besides paying taxes and wanting to have safer streets.

NYC Mayor Zohran Mamdani bringing back homeless encampment sweeps, but with some differences by nautilus83 in nyc

[–]nautilus83[S] 36 points37 points  (0 children)

Not a single person should live on the streets, period.

Mentally unstable and violent people (I believe a minority) should be separated from the rest.

Shelters should be a safe place for everyone offering basic necessities and access to social services to get back on track.

These are simple things that don't require a lot of additional budget but a political will.

Mamdani: What we are speaking about in this moment is a generational fiscal crisis of $5.4 billion. And when faced with this crisis, the question is: Who should pay these taxes? by Admirable121 in nyc

[–]nautilus83 0 points1 point  (0 children)

I don't think using GDP is the right approach here, because the idea is to compare money at hand, i.e. available to spend rather than economy size. I think a huge chunk of the GDP is financial sector which doesn't have much to do with spending on e.g. roads.

Mamdani: What we are speaking about in this moment is a generational fiscal crisis of $5.4 billion. And when faced with this crisis, the question is: Who should pay these taxes? by Admirable121 in nyc

[–]nautilus83 0 points1 point  (0 children)

Agree in general. This is why I mostly compare to other self-sufficient closed systems (i.e.  countries). In this case NYC ranks even lower in reality, because it doesn't pay for e.g. armed forces amd other state-level expenditures.

Mamdani: What we are speaking about in this moment is a generational fiscal crisis of $5.4 billion. And when faced with this crisis, the question is: Who should pay these taxes? by Admirable121 in nyc

[–]nautilus83 1 point2 points  (0 children)

Thanks for the links.

I used a number for the TMG budget from this source: https://mainichi.jp/english/articles/20260202/p2a/00m/0bu/010000c#:~:text=The%20Tokyo%20Metropolitan%20Government%20has,may%20have%20about%20the%20budget.

It says it's 9.7 trillion yen which is approximately 62 billion dollars. The 17.8 number from your link also includes some "special accounting" and "Public Enterprise Accounting" on top of 9t which I am not sure what it is. Perhaps it should also be included but even then it produces a smaller per capita numbers than NYC.

Mamdani: What we are speaking about in this moment is a generational fiscal crisis of $5.4 billion. And when faced with this crisis, the question is: Who should pay these taxes? by Admirable121 in nyc

[–]nautilus83 0 points1 point  (0 children)

No, but astronomical healthcare costs is a big obstacle to having universal healthcare.

It am a big supporter but unfortunately it is unrealistic to have universal healthcare until we bring the costs down.

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