Quality of life plummets, taxes rocket — and New York City faces doom: Goodwin

The New York Post:

“No man’s life, liberty or property are safe while the Legislature is in session.”

That’s how Gideon Tucker put it back in 1866, a New Yorker who knew Albany as a former legislator, secretary of state and judge.

His wisdom, as demonstrated repeatedly over the ages, is timeless.

Yet there is something different, and especially troubling, about this time. The possibility of permanent decline and the ultimate destruction of the New York we know is unmatched in modern memory.

With Republicans reduced to hecklers, Albany Democrats, oblivious or reckless or both, are marching toward the cliff in an Alfred E. Neuman, What, Me Worry? Way. The rising chorus of “Stop!” goes unheeded.

Washington is sending train loads of money to blue states to bail out their high tax, high spend habits. As longtime government guru Dick Ravitch writes in a Wall Street Journal op-ed, “Congress has been generous, allocating more than $12 billion to New York state, $6 billion to the city, $6 billion to the Metropolitan Transportation Authority, and $9 billion to the state’s schools.”

The state’s take raises the total budget about to be adopted to $212 billion, some $18 billion higher than the fiscal year that just ended. Florida, which has two million more people, will make do with spending $97 billion this year.

Ah, but in Albany, it’s never enough. Not as long as the Legislature is in session.

Despite the bailout, and the December pandemic stimulus, and the ones before that, Gov. Cuomo and lawmakers are launching $4 billion of new tax hikes. Apparently being the highest taxed state by most measurements doesn’t satisfy them. They want to be No. 1 across the board.

Naturally, they say only corporations and the really rich will be hit, but don’t believe them. Tax hikes trickle down in that they tend to reduce the economic activity of those who pay them, a decline that eventually hits everyone. Having the government redistribute more taxpayer money is, at this historic juncture, a terrible idea.

Tax hikes will kill more businesses and cause others to look for more hospitable turf. Wags already have dubbed Gov. Cuomo and Mayor de Blasio the “employees of the month — in Florida.”

Read more at The New York Post

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