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08-18-2010, 11:45 AM
  #127
Old Navy Goat
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Location: Sin City Philippines
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Quote:
Originally Posted by Chainshot View Post
Yeah, that's clearly an issue. And consolidation of gov't services in order to lessen those taxes is -- as nearly anything at a community level -- moving at a snails pace.
They're afraid to consolidate government because that would mean cutting jobs which would further tax the employed workers. Its a vicious cycle like with the unions getting increased pay and benefits while bankrupting the employer, effectively forcing the employer to leave the country / state to find a cheaper workforce.

Damned if you do, damned if you don't...until they turn around the economy and start offering tax / utility incentives to businesses they're not going to grow. Why go to NYS when Texas and other states are rolling out the red carpet for them. I purposely steer away from any investing in NYS as I don't want to pay the taxes there, let alone get hit with that nice personal wealth tax that has encouraged quite a few wealthy people to find 'permanent' residences in states like Texas and Florida.

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