- cross-posted to:
- politics@hexbear.net
- cross-posted to:
- politics@hexbear.net
cross-posted from: https://news.abolish.capital/post/49184
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Grossly inconsiderate of Mamdani to be governing so efficiently and effectively to date for all the conservatives and liberal democrats who now have to work that much harder to continue their efforts discrediting democratic socialism as an unrealistic framework for politics in the U.S.
But without austerity how will he condition the masses to hate taxing the rich?
At least 4 billion of that was in infusion from the state. It seems unlikely this balance will persist without significant further effort.
Taxing billionaires faily isn’t actually much work at all.
Instead of wasting countless hours trying to pull more money from 7 million poor and middle-class New Yorkers just tax the billionaires.
The effort I meant was not in taxing billionaires; I agree that’s easy.
The effort I meant was convincing the state to contribute that same 4b next fiscal year. My understanding is that there’s not some long-term agreement in place between the city and state and could serve as a baseline assumption going forward.
4.5+ billion from the state, because the governor is sucking up to Mamdani for reelection; it’s doubtful it’ll happen again outside the election year. The state is also contributing more money to cover public servant death payouts and school funding.
There’s a couple billion from deferring payments into various retirement funds (which other mayors have also done), except the unions need to sign off on it and the cops have already said No. Even if everyone agreed, it just pushes that fiscal can down the road.
There’s another billion or so from deferring limits on classroom size, a half billion from the billionaire housing tax, and some other stuff.
He’s clearly working on the issue, and is still negotiating behind the scenes; I just wish he hadn’t made this announcement like this, where it doesn’t hold up to full scrutiny.
There are 154 billionaires(*) living in NYC full time, if they all would pay their fair share of taxes there would be no budget issue at all.
*most of them own multiple billions of USD, and their wealth rises up to 30% each year.
The balanced NYC budget: Brought to you by the makers of steamed hams.
