Skip to comments.NY State Faces $6 Billion Deficit [semi-satire]
Posted on 12/15/2019 4:33:26 PM PST by John Semmens
The gap between revenues and expenditures for the New York State Government is projected to exceed $6 billion for next year. The preferred option of raising taxes to cover the shortfall has had the unpleasant effect of driving many wealthier residents to leave the state. The disdained option of cutting expenditures has resulted in the soaring welfare expenditures that comprise two-thirds of the shortfall.
Assembly Speaker Carl Heastie (D-Bronx) vows to resist any cuts to the benefits of the voters who gave Democrats control of all branches of the government and to extract the wealth unfairly accumulated by the tax-dodging upper class.
In addition to increasing income tax rates, Heastie has suggested that we deter flight by levying an exit tax on those trying to escape their social obligation to share their money with the less fortunate. I am told that Germany successfully used such an exit tax back in the 1930s. The surge in government revenue from that tax allowed them to spend their way out of the Great Depression and become a global power.
if you missed any of this week's other semi-news/semi-satire posts you can find them at...
It’s that low????
It’s going to get worse what with the number of people leaving the state.
(And I do recognize it’s satire.)
John, which part of this is satire...?
Askin’ for a friend who lives in NYS.
Dear New Yorkers...
It is all about demographics and the power of the weighted-average. Perhaps, someone from a charter school can make the trip to Albany and explain the math.
Facts are meaningless to a dem.
They operate on pure emotion.
D*mn, try as I might, I completely missed the satire part. ;-)
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.