4 ms·
Why should government (ME) fund this?
by frankharv 3y ago
Why should government (ME) fund this?
- bobthepanda 3y agoIt is basically a one time investment in shoring up the tax base. Not doing so may mean that residents are asked up to pick up more of the tax slack to fill budget holes.
- from-nibly 3y agoRight so, me (not from New York) should invest in fixing New York through my federal tax dollars.
- bobthepanda 3y agoConsidering that New York puts more in the revenues than it receives in federal dollars, probably. Otherwise rates will have to hike to make the difference.
- tsunamifury 3y agoBecause ultimately the collapse of value, privately or publicly held, results in the collapse of the system that supports your value exchange system. This is overly broad, but im just trying to point out we are a part of a deeply interconnected system -- it's not just me-capitalism. But I understand the counter -- why should the government fund private market screwups? And the terrible answer is -- because we suffer the consequences regardless. There is a third question though which is: with the collapse of both retail, mutli-family, and office CRE, what in the world is the future of cities?