From the NY Post:
Beyond suggesting that a secretive force of “elites” is responsible for making life here too damn expensive, the pols are promising additional subsidies for more people. From housing to child care to transit, they’re saying that, as mayor, they would make life cheaper for nearly everybody else by taking more money from a few wealthy taxpayers.
In their dreams. If higher taxes and more subsides were the key to affordability, the problem would have been solved long ago.
City tax revenues have nearly doubled, from over $21 billion a year to more than $42 billion, since Bloomberg took office. How much more in taxes and spending do the candidates think it will take to keep their promises of “affordability?” And who is going to pay those taxes?
Trust me — they don’t have a clue, because they’re on a false goose chase. More subsidies for some will chase others out of New York and lead to more poverty for many who stay.
Here’s an offer to the candidates: A Truth in Promises award goes to the first one who plants a money tree and vows to use its fruit to make Gotham more affordable. If the tree fails to bloom with $100 bills by September, the winner agrees to go to Plan B — cutting government spending to a level that New Yorkers can afford.
Do we have a deal?
7 comments:
"$21 billion a year to more than $42 billion"
In the 10 years since he was sworn in inflation would account for about 30% of the growth.
Where did the rest go?
NY is made more expensive by diverting resources from the taxpayer to the developer sucking the life out of communities in favor a few projects.
A flood of illegal immigrants are the other leg of the problem pushing down wages as they push up rents with making housing all but unaffordable.
The promise of "affordability"
is pure, unadulterated, fresh, hot, steaming horse shit!
Besides, what constitutes "affordability"...
earning an annual salary of $250,000?
With that kind of dough...I can afford a fucking hell of a lot more than I can at my current $50,0000!
Raise my salary $2000,000 and I can "afford" to live in New York. Until that happens, my family and I are moving to North Carolina.
I meant $50,000 & $200,000.
Well Queens crap...the biggest rising expenses are UNION PENSIONS....that is where you start first
No more early retirements, you get your pension at 65 or its reduced 50% if you retire at 55....
No more spiking with OT the last few years...only base pay
No more health insurance for spouse or family...You worked for the government and YOU should get insurance till SS kicks in..and everyone else pays fiull price..
All people on assistance must sit in class 25 hrs a week and learn English....no English no EBT card....
See QC reasonable fair solutions to the problems...its called Tough Love....ok?
Bye-bye New York! I'll move outside the boroughs (and state). Feel free to tax the welfare recipients to pay for their own freebies. Good luck with that.
Pensions passed during the height of the tech bubble in 2000 will continue to haunt NYC and NYS. They projected the impossible, that returns on investment will continue and the bubble will go on forever. It was sheer lunacy.
Neither the Mayor nor the Governor made serious reform efforts to improve health of benefit recipients to reduce the cost of health care. Obesity, diabetes and heart disease are the ball and chain of health care.
There were no reforms to how the city builds infrastructure. Schools, subways, and water treatment systems remain grossly overpriced and behind schedule. Expensive cities we compete with, like London and Tokyo get more done on time and with less money AND using a unionized workforce.
THIS IS FARCICAL.
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