4 ms·
There's a simple solution to this: just leave, and take your taxable income with you. If a jurisdiction can't do a basic function of government, why the fuck wo
by hellfish 4y ago
There's a simple solution to this: just leave, and take your taxable income with you. If a jurisdiction can't do a basic function of government, why the fuck would you want to perpetuate the administrative disease any further? Paying taxes to these jurisdictions is like enabling an abusive relationship
- HDThoreaun 4y agoNew York is where the jobs are. Just leave and get another 200k job as a banker where?
- hellfish 4y ago> New York is where the jobs are. Just leave and get another 200k job as a banker where? If you scale that 200k for cost of living it shouldn't be very hard to find an alternative
- hn_throwaway_99 4y agoThis economics point is often misunderstood, because at the high-end of the earnings spectrum, a large portion of income can go to savings, and cost-of-living differences make no impact on that. That is, if you're making a $200k salary in NYC, let's say you spend 50k a year on housing and 50k a year on other expenses, but the rest you can put towards savings. Then you move somewhere that is 50% cheaper, but you make 50% less. So now you can get the same quality apartment for $25k and your other expenses are only $25k, but you're only saving $50k a year instead of $100. Obviously this is a gross oversimplification, but the vast majority of time if you move to a place with a much lower cost of living, your reduction in salary, if looking at local jobs, is unlikely to make up for it. Never mind the fact that for many industries there are only a few places where you can live if you really want a career: if you work in high finance or fashion in the US, you probably want to live in NYC. Film or TV, you'll be in LA, etc.
- lelanthran 4y ago> New York is where the jobs are. Just leave and get another 200k job as a banker where? What percentage of New York makes over 200k? They can stay, the rest can leave. IOW, it takes all sorts to make a city work, and if you have labor (those people who work, at whatever wage) move away because the policies favour non-labour (those people whose income is from theft) it doesn't really matter how many 200k stockbrokers want to stay - they'll have to move eventually too.
- Pigalowda 4y agoLA, Chicago, Houston
- abvdasker 4y agoAh yes, the "simple solution" of uprooting your entire life because it takes ~2 minutes longer to buy deodorant.