I'm predicting it here and now.
NYC will go back to its early 80's mess very very soon.
why?
0.5% of People in NYC pay 50% of total tax revenue
40,000 people, out of 8,000,000 pay 50% of the taxes.
How many of those 40,000 are in financial services and will have a maximum income of $500,000, a massive pay cut, next year because of Barak Obama?
Thus, tax revenue will be in the can hardcore this year, and it's going to spiral down into a california sized disaster.
way to go democrats!
NYC will go back to its early 80's mess very very soon.
why?
0.5% of People in NYC pay 50% of total tax revenue
40,000 people, out of 8,000,000 pay 50% of the taxes.
How many of those 40,000 are in financial services and will have a maximum income of $500,000, a massive pay cut, next year because of Barak Obama?
Thus, tax revenue will be in the can hardcore this year, and it's going to spiral down into a california sized disaster.
way to go democrats!