The exodus of New York City’s endangered middle class

[Dont Taz Me Bro]

Just like in California, New York City's high tax economic policies are turning the city into a banana republic where a large dependent underclass is ruled by a minority of wealthy elitists. The middle class is fleeing.

https://nypost.com/2018/12/22/the-exodus-of-new-york-citys-endangered-middle-class/

 

[william the wie]

That will lead to rapid default

 

[Oddball]

The real bad news is that it's also going to endanger the middle class of the states that they've been infesting.

 

[JLW]

The middle class travails in NYC have been an issue for at least the last 15 years. I don't disagree but it is the law of supply and demand. Google and Amazon are now building billion dollar projects which will only drive prices higher.

I guess more people would rather live in NYC and California than Mississippi, Alabama, Oklahoma or Arkansas.

 

[boedicca]

This is the trajectory of Prog-Socialism-Statism-Feudalism.

America is the major country in the world that has constitutionally protected individual liberty. Most of the rest of the world is based on tribal-biological determinism. The example of America must be stamped out. Hence the enrichment of the elites via the globalist policies designed to turn the rest of us into obedient serfs.

The middle class is a threat. It must be destroyed.

 

[Dont Taz Me Bro]

I guess more people would rather live in NYC and California than Mississippi, Alabama, Oklahoma or Arkansas.

A false dichotomy is a dichotomy that is not jointly exhaustive (there are other alternatives), or that is not mutually exclusive (the alternatives overlap), or that is possibly neither.

 

[william the wie]

I guess more people would rather live in NYC and California than Mississippi, Alabama, Oklahoma or Arkansas.

A false dichotomy is a dichotomy that is not jointly exhaustive (there are other alternatives), or that is not mutually exclusive (the alternatives overlap), or that is possibly neither.

There is also the problem of deferred maintenance to consider. The Amazon site is being built on Long Island which is basically a barrier island like Miami Beach and building on barrier islands creates really great future dunes.

 

[TroglocratsRdumb]

Just like in California, New York City's high tax economic policies are turning the city into a banana republic where a large dependent underclass is ruled by a minority of wealthy elitists. The middle class is fleeing.

https://nypost.com/2018/12/22/the-exodus-of-new-york-citys-endangered-middle-class/

In Left Wing economics the middle class are the government slaves and the ruling elites are their slave masters, and the poor remain poor.

 

[koshergrl]

The middle class travails in NYC have been an issue for at least the last 15 years. I don't disagree but it is the law of supply and demand. Google and Amazon are now building billion dollar projects which will only drive prices higher.

I guess more people would rather live in NYC and California than Mississippi, Alabama, Oklahoma or Arkansas.

It's run by anti-american criminals, of course it's been an issue.

 

[Wyatt earp]

The middle class travails in NYC have been an issue for at least the last 15 years. I don't disagree but it is the law of supply and demand. Google and Amazon are now building billion dollar projects which will only drive prices higher.

I guess more people would rather live in NYC and California than Mississippi, Alabama, Oklahoma or Arkansas.

Supply and demand my ass, it's high taxes so the city can hire $150,000 a year dog catchers..

 

[william the wie]

Everyone who stays instead of heading south is an idiot. Long Island as a sand bar barrier island is sinking and idiots buy the AGW pseudo-science instead. Building on sand was recognized as stupid two thousand years ago.

 

[boedicca]

Just like in California, New York City's high tax economic policies are turning the city into a banana republic where a large dependent underclass is ruled by a minority of wealthy elitists. The middle class is fleeing.

https://nypost.com/2018/12/22/the-exodus-of-new-york-citys-endangered-middle-class/

In Left Wing economics the middle class are the government slaves and the ruling elites are their slave masters, and the poor remain poor.

The poor are the massive government dependent voting bloc to keep the middle class under the tax yoke.

 

[william the wie]

The use of sand dropped one grain at a time was used to simulate to figure out how the meltdown happened. What the experiment discovered was that until cascading failure had already started you couldn't know when the damage would hit and how bad it was likely to get. In the case of IL, NY, NJ and CA deferred maintenance is the biggest dodge because the rating agencies are not engineers and can not get nice crisp numbers from the engineers to quantify the problem. CA has already hit @ a trillion in proposed migration from failure to use insurance to rebuild homes and businesses with more to come according to the weather channel. More storms on the way and about 16 years of deferred maintenance.

 

[Dont Taz Me Bro]

Here is yet another article on the same phenomenon that the left continues to insist isn't happening

Opinion | High-Tax State Exodus

 

[theHawk]

The Detroitification of America continues in cities and states that are run by Democrats.

 

[SobieskiSavedEurope]

Just like in California, New York City's high tax economic policies are turning the city into a banana republic where a large dependent underclass is ruled by a minority of wealthy elitists. The middle class is fleeing.

https://nypost.com/2018/12/22/the-exodus-of-new-york-citys-endangered-middle-class/

NYC has a huge class system, indeed.

Up North of NYC, we have a lot less of a class system, despite higher taxes.

Much of the Property taxes go to Schools, BTW.

A lot of the people leaving New York, are actually the lower end, from everything I've seen.
Those who can't afford the higher expenses, tend to not be the wealthier individuals.

 

[skye]

The real bad news is that it's also going to endanger the middle class of the states that they've been infesting.

Exactly!

Like a plague of locusts they destroy one city, then move to the next and the next......human locusts....

 

[SobieskiSavedEurope]

The real bad news is that it's also going to endanger the middle class of the states that they've been infesting.

Exactly!

Like a plague of locusts they destroy one city, then move to the next and the next......human locusts....

Taxes create shit-holes, except when you look at a map of Tax revenues by country, then it becomes clear the more civilized & advanced nations have much more Tax revenues.

Total tax revenues (% GDP)

 

[caddo kid]

Just like in California, New York City's high tax economic policies are turning the city into a banana republic where a large dependent underclass is ruled by a minority of wealthy elitists. The middle class is fleeing.

https://nypost.com/2018/12/22/the-exodus-of-new-york-citys-endangered-middle-class/

well, at least NYC exported that con man jack azz Trump to DC ..........

Trump can turn the US into a "banana republic"

 

[Dont Taz Me Bro]

Trump can turn the US into a "banana republic"

All economic indicators show exactly the opposite thing happening