Re: New York Officials Estimate Moving Madison Square Garden Would Cost Taxpayers $8.6 Billion

Moderators: Domejandro, bwgood77

dice
RealGM
Posts: 43,886
And1: 12,903
Joined: Jun 30, 2003
Location: chicago

Re: New York Officials Estimate Moving Madison Square Garden Would Cost Taxpayers $8.6 Billion 

Post#21 » by dice » Sun Nov 21, 2021 5:09 am

RipCityKJ wrote:
dice wrote:
nedleeds wrote:Just like the "Amazon pays no taxes" that people parrot. It's just an utter lie and completely misleading. They pay an absolutely astounding amount of taxes. The absurdly massive payroll they pay and expense thus offsetting revenue is then taxed at the personal level so we can fuel our bloated useless federal government. Sales taxes, property taxes, matching payroll taxes add up to a metric **** ton of cash for the government.

the military is grossly bloated...but not useless

infrastructure...pretty damn useful

social security...drastically reduced the level of senior poverty. pretty useful, i'd say

medicare...you have to be pretty rich to retire without it...private insurers would charge a king's ransom to provide your old ass health care

food, water and air travel safety standards/testing...i'm good with that

etc. ad nauseum

getting back on topic...wtf do they mean "move MSG." building a new facility would NOT be MSG whether they name it that or not




All these supposed great things that our tax dollars pay for have been depleting and getting worse while meddle and low income workers pay the most taxes and the richest 1% has gained astronomic amounts of wealth while paying little to no taxes.

that's an indictment of the tax structure, not the role of the federal government

The military wastes trillions a year, it is one of the worlds largest polluter of green house gases ( https://qz.com/1655268/us-military-is-a-bigger-polluter-than-140-countries-combined/ ) and the only success in the last 30 years have been the hedge funds formed by defense contractors who got billions in grants to develop weapons that they then sold to the Saudis all for a profit and not paying a dime in taxes while using all tax payer funded money to build their empires

totally agreed

Infrastructure - We haven't have a grade above C- in 30 years with some the worst roads in the developed world, depleting bridges that could collapse at any second, thousands of buildings not up to code and the bill just passed to finally provide money to start fixing things is a joke, the second most expensive part of the bill is over $250 billion in tax breaks for the top 500 richest Americans who through a new SALT tax reduction.

also agreed. but the reason for the degradation of the infrastructure is the lack of federal funding for upkeep, not the role of the federal government in the first place

by the way, the build back better bill would be mostly financed by $1 trillion in tax hikes on the wealthy, with the rest coming from new corporate taxes

Social Security - Will be depleted by 2034 according to AARP and multiple other resources, I'm 35 and have paid SS tax since I was 14 but will never be able to collect on it. My father luckily has a great pension but my mom was self employed and at 68 her monthly SS payment is less then $1200, I could not imagine paying SS tax for 50 years and only getting $1200 to live off of.

social security ain't going anywhere. here's a right wing article from 1999 referencing projected insolvency in 2013:

https://www.heritage.org/social-security/report/the-impact-removing-social-securitys-tax-cap-wages#:~:text=Specifically%2C%20eliminating%20the%20cap%20on,years%2C%20from%202013%20to%202019.

and it's not intended to live off of. it's intended to supplement savings. again, the poverty rate of seniors plummeted when it was implemented. if your mother is getting $1200 a month and lives a normal life expectancy, i'm betting that she gets out of it more than she put in. of course, had she invested that money in the stock market instead of paying into social security, she probably would have done much better, but that's another conversation

Medicare - Again my mother is on medicare and they just removed all dental and vision from Medicare, she has to pay out of pocket for that and her premiums went up while her overall coverage went down. For the last decade there has been a steady fall in services and preventive care in the medicare system.

probably because the cost of health care continues to skyrocket and the funding hasn't increased appropriately. the answer isn't getting rid of medicare. the answer is EXPANDING medicare (4 million more would get it under the build back better bill). to as many people as possible, drastically shrinking the role of the private market. and allowing the government to negotiate drug prices (partly implemented by BBB, in addition to a $2K annual cap for seniors). only then will prices get under control

Food & Water: I remember not to long ago the mile long lines of people waiting to get food that was not provided by our government but by local charities. Ask the people of Flint how well the government takes care of our water, their not the only ones look at South Chicago Indiana or Washington DC itself has a huge lead problem. As for Air safety, have you not seen the numerous stories of people beating fly staff, causing outburst that lead to emergency landings or how about the Boeing 737Max?

you're cherry picking examples that involve a lot of local screwups (making a case for more federal control). ask residents of countless nations whether they'd rather have our food and water quality on the whole. and surely you're not blaming the government for the bad behavior of individuals on planes...

my point is that these are all things that are by and large done by the federal government as opposed to states. for good reason. how WELL the feds carry out all of these responsibilities is, of course, ripe for criticism. i think we're largely on the same page, actually
God help Ukraine
God help those fleeing misery to come here
God help the Middle East
God help the climate
God help US health care
User avatar
donemilio21
Analyst
Posts: 3,113
And1: 844
Joined: Aug 20, 2009
Location: Santa Barbara
   

Re: New York Officials Estimate Moving Madison Square Garden Would Cost Taxpayers $8.6 Billion 

Post#22 » by donemilio21 » Mon Nov 22, 2021 6:46 pm

god shammgod wrote:
donemilio21 wrote:2 questions:
Who actually owns MSG property? Dolan or NYC?
If Dolan, why has he not paid property taxes?


he owns the building. he made a deal a long time ago to not pay property taxes so he wouldn't move the team to new jersey.

it must be great not paying taxes on a property that is valued at $1.5B at the very least.
Knickfan1982
Lead Assistant
Posts: 5,906
And1: 2,184
Joined: Mar 19, 2016
       

Re: Re: New York Officials Estimate Moving Madison Square Garden Would Cost Taxpayers $8.6 Billion 

Post#23 » by Knickfan1982 » Tue Nov 23, 2021 3:46 am

nedleeds wrote:I'll make it easier. If MSG leaves and is replaced by another government facility how much in property tax is that going to generate?


This is such a lazy argument.

1. No one is suggesting MSG be gutted and the teams allowed to leave. The plan in question would have the arena replaced with a new one nearby. The article in question was pointing out the price of moving the arena was so expensive that it made more sense to alter their plans for Penn Station than to continue down that path.

2. As has already been said in response to you other sports teams pay property taxes on their stadiums along with all those sales taxes and payroll taxes you harp on. Its not an unheard of suggestion.

3. You spent 1000 on tickets and paid taxes on those. Wonderful. But how much money did Dolan pocket from that transaction. You bought overpriced beer from MSG and paid sales tax on them. Woo hoo. But the overwhelming majority of that money you spent went right into Dolan's wallet. His magnanimous revenue generation for the city produces quite the windfall for himself. Pretty good deal if you ask me.

4. Historically the owners of sports teams have used threats of relocation and promises of jobs to demand tax deals like the one enjoyed by Jim Dolan that they don't necessarily need. And with dubious results overall. Dolan isn't one of those poor owners who are constantly forced to sell off their best players when they get too expensive like the Oakland Athletics or the Tampa Bay Rays. He's just a greedy rich guy who doesn't like paying taxes.
Why rely on nuance, facts and logic when you can bludgeon the other side with mindless repetition of "Duuur McDaniel's has potential :tooth and still be treated as if you were reasonable.

Return to Wiretap Discussion