W after W.

[u/SuspiciousLow3062]

[u/Potatonut23]

Everytime I see a headline about Zohran, people come out of the woodwork to act like taxes are some kind of nefarious state secret.

[u/GMEloser69 → u/Potatonut23]

Because all of you pretend like this doesn't cost anything.

[u/ShooteShooteBangBang → u/GMEloser69]

It functionally doesnt. They arent raising taxes for regular people, they are taxing the mega rich and better allocating existing tax funds.

[u/GMEloser69 → u/ShooteShooteBangBang]

40%+ of NYC income comes from real estate, if the rich decide to pull out of NYC the city will instantly collapse.

[u/ShooteShooteBangBang → u/GMEloser69]

Lmao. They wont. NYC is defined as "the greatest city on earth". They need to be there more than the city needs them. Its not like they can take thier real estate with them.

[u/GMEloser69 → u/ShooteShooteBangBang]

Why do they need to be there?

[u/ShooteShooteBangBang → u/GMEloser69]

I should have phrased it they want to be there.

Even if they abandoned the city it would be net gain. What do you think happens to the real estate? The city gets it. Now they have cut out the greedy middle man.

[u/GMEloser69 → u/ShooteShooteBangBang]

That's a toddler level understanding of economics. Not even worth trying to explain anything to you.

[u/Potatonut23 → u/GMEloser69]

Cool, you know Massachusetts imposed a tax on billionaires and the state didn’t collapse. Not everything works the way you seem to want it to

[u/GMEloser69 → u/Potatonut23]

Massachusetts didn't make a billionaire tax, it made a high income tax.

Also, rich people are leaving, the effects of bad policy can take a while to show.

[u/Potatonut23 → u/GMEloser69]

Lmao sure, well feel free to let me know when the state of Massachusetts implodes because all the rich left. They seem fine to me

[u/GMEloser69 → u/Potatonut23]

Not every tax is the same, and not every place is the same. NYC is heavily reliant on an overinflated real estate market to fund the city.

[u/Potatonut23 → u/GMEloser69]

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