There’s this billboard on Shepherd for this guy who calls himself the “Garage Door Doctor” and the billboard is a guy looking at and softly touching a garage door with a stethoscope around his neck and it cracks me up every time
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Zac Schultz
974 posts
Zac Schultz
@ZacSchultz7
sports and also just anything I am thinking at the current moment
Houston, TX Beigetreten Eylül 2017
222 Folgt94 Follower
@fitcja @maulansaf @ablainer9 @sam_d_1995 Ok so your main problem with this law is that you are convinced corporations are going to break said law. I say we just don’t let them do that
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@maulansaf @ablainer9 @ZacSchultz7 @sam_d_1995 Not necessarily. More likely, BlackRock buys the house and uses their lawyers to skirt the law. Maybe an NGO does and pays no taxes at all.
The important thing is to drive away entrepreneurship from New York City.
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the cool thing about this policy is that there is a very easy way for the rich to avoid it: they can simply live in NYC full time
instead of incentivizing the rich to leave New York it incentivizes them to *stay* in New York
Mayor Zohran Kwame Mamdani@NYCMayor
Happy Tax Day, New York. We’re taxing the rich.
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@ablainer9 @maulansaf @sam_d_1995 It encourages building more affordable housing! Increasing the supply will help lower market prices due to more competition in the market.
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@maulansaf @ZacSchultz7 @sam_d_1995 That’s a fair point but I’m assuming the rich person was already in the city.
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@ZacSchultz7 @ablainer9 @sam_d_1995 i’ll be curious to see how it all goes down. unfortunately i bet it will take 5-10 years before we have meaningful data!
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@luke_pighetti @ablainer9 @sam_d_1995 If it doesn’t balance this out from the market’s perspective, then the luxury buildings will continue to be bought and built! This meaning that the tax did not disincentive the wealthy from owning NYC property, and we can fund public services with a tiny amount of their wealth
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@ZacSchultz7 @ablainer9 @sam_d_1995 i do think that’s a fair argument. it is frustrating how most places that go up are luxury. that said it does kinda make sense. you want the highest value per square foot that the market will allow. idk what the actual tax is but it would have to be very high to pull that off imo
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@luke_pighetti @ablainer9 @sam_d_1995 I would be open to it! I find it extremely unlikely that slightly raising taxes on the ultra wealthy will have any effect on their residence in the greatest city in the United States. The benefits hugely outweigh the cons!
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@ZacSchultz7 @ablainer9 @sam_d_1995 i can’t pretend to have a true crystal ball but i’ve never seen a free lunch and i don’t think this policy is going to be the first time we find one
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@luke_pighetti @ablainer9 @sam_d_1995 This benefits the greater society. One way it does is this is that builders will have a lesser incentive to build these grand ultra luxury apartments in extremely dense urban areas if they cannot sell them for as much profit. This encourages building more affordable housing.
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@ZacSchultz7 @ablainer9 @sam_d_1995 sure but a $50m condo might turn into a $40m one, not a $400k one
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@ablainer9 @sam_d_1995 Based on the scenario you just created in your head, the demand for the unit will be lower, and it will have to sell for a lower price. This decreases the price of housing as a whole
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@sam_d_1995 Yeah I guess another fabulously rich person could buy it if they want to live there. The question is whether the purchase price will be less which would then lower the conventional property tax. We’ll see.
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Girlfriend is charging her phone in a barnes & noble and it’s fuckin crazy how hard it is to look for someone analog style
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folks I don’t know what to do with this information but we are deep in Luke Kennard triple double watch at the moment
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Cinemark Discount Tuesdays are great. What else are you doing on Tuesday night. Great excuse to go see a new movie for 7 dollars
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@BengalYouTube I mean he said he was sorry he never said it wasn’t a ban worthy comment
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Yesterday was a surreal sports night I was in attendance watching Team USA get nuked by a bunch of MLB prospects with italian last names while trying desperately to pull up a stream of the Heat Wizards game
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@steven_lebron To be fair that is just Bam being Bam. He’s never been a very emotive guy
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does anybody else’s OCD kick in when the smith machine is slightly off-center and it just never feels exactly straight in line
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@greenhillcross @noturtlesoup17 The reason is that they are stupid
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@noturtlesoup17 A lot of far right people actually pronounce it that way for some reason
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Starting a half-marathon on daylight savings day at 1 AM so you can get a free extra hour and finish it really fast
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