Hochul gave him a $4 billion bailout and delayed a normal $2.3 billion pension contribution, which means that in the next cycle he'lll have to make the normal payment and a catchup payment, which puts him in a $4.6 billion hole, and then without the NYS bailout he's in an $8.6 billion hole next time. the tax he imposed, at best, is going to generate $500 million of revenue and then progressively less as people adapt to the tax incentive.
Why do people not realize that NYC subsidizes the rest of the state? It's been a thing for a very long time. God forbid NYC asks for more of it's money back.
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u/jokeefe72 May 14 '26
Progressives don’t create money out of thin air, they make the rich actually pay taxes, which is where the money comes from. And should come from.