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Mamdanistan is showing the way forward (sh.itjust.works)
submitted 6 months ago by to c/politicalmemes@lemmy.world
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(TikTok screencap)

Person in a locker room looking into the camera with the caption “ mamdani made taylor swift pay taxes in nyc and now the budget is balanced and there's universal childcare and this is why "but taylor donates to food pantries" will never be good enough. billionaires not paying their taxes is WHY working class people are reliant on food pantries, dumb dumb.”
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[–] 2 points 5 months ago* (9 children)

This is exactly what I meant when I was saying that people are overstating the impact of the pied-a-terre tax.

The budget was down 12 billion dollars.

The pied-a-terre tax brought in around 550 million.

The state gave the city around 8 billion.

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  • [–] 15 points 5 months ago (3 children)

    Most of the state's tax base comes from NYC, and cutting checks to municipal governments (usually with money they got from the federal government) is like half of what state governments are even for

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  • [–] -3 points 5 months ago (2 children)

    Cool, shame it's off-topic.

    Nobody here is talking about the sources of the state's budget. We're talking about the fact that "taxing the rich" gave NYC 1/24th of the needed money.

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  • [–] 6 points 5 months ago* (2 children)

    The state gave the city around 8 billion.

    So, you're telling me, that people's taxes are being used to pay for services that benefit them in addition to billionaires being taxed?

    Inject that shit into my veins. People's taxes being used to fund their services is how this shit is supposed to work.

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  • [–] 7 points 5 months ago (1 child)

    New York City probably generates more tax revenue than it gets back from the state. That's how redistribution is supposed to work.

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  • [–] -5 points 5 months ago

    Cool, shame it's off-topic.

    Nobody here is talking about the sources of the state's budget. We're talking about the fact that "taxing the rich" gave NYC 1/24th of the needed money.

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