Economics 101: Even the liberals can understand some economics . . .

. . . but simply hope to trick you long enough to get their claws into you.

I saw an advertisement on television this morning, which pointed to the website, Start-Up NY.

NEW YORK IS TAKING CARE OF BUSINESS

There’s a new advantage to doing business in New York. A big one. START-UP NY, Governor Cuomo’s groundbreaking initiative, is creating tax-free zones across the state for new and expanding businesses. Now businesses can operate 100% tax-free for 10 years. No business, corporate, state or local taxes, sales and property taxes, or franchise fees.

You can follow the link to see the rest of the website.

So, Governor Cuomo wants businesses to start up in the Empire State, and is promising them no business, corporate, state, local, sales or property taxes for ten years. What happens after ten years. CNN Money noted, in 2012, that New York had the nation’s highest tax burden, and rated the Empire State as 50th in the nation — that’s worst, folks! — to do business. And the Democrats in New York City want to increase that burden.

Now, to be fair, Governor Cuomo is starting to realize that high taxes are business killers, and has called for a two-year property tax freeze, but, in the end, taxes will continue to go up for as long as the Democrats control New York and think that they can squeeze just a bit more out of productive people.

Now, not every potential entrepreneur has the luxury of starting a business anywhere he wants; most are small business propositions, and have to be made close to the entrepreneur’s home. But the real answer for New York is staring them right in the face, in the state which supplanted them as the second largest, by population, a few years ago, the Lone Star State of Texas. Texans pay 7.9% of their income on state and local taxes, compared with 9.9% as the national average, and CNBC ranked it as second best in the nation for doing business.

Low taxes, and a state government that welcomes businesses, rather than just seeing them as a milch cow for money. That’s why Texas is growing!  The Democrats actually do realize that — at least, some of them do — and thus we have Governor Cuomo’s rather pathetic attempt to spur investment: “Hey, there, we’ll give you tax cuts for ten years, but then, watch out!”

6 Comments

  1. BTW Mr. Editor, is this the same Cuomo who recently stated:

    “Their problem is not me and the Democrats; their problem is themselves,” he said. “Who are they? Are they these extreme conservatives who are right-to-life, pro-assault-weapon, anti-gay? Is that who they are? Because if that’s who they are and they’re the extreme conservatives, they have no place in the state of New York, because that’s not who New Yorkers are.

    That’s right Comrade Cuomo, that’s who we are. We are also the businessmen who can get your worthless commie ass out of the trap you set years ago. You know the trap: high taxes, high spending, zero production and zero job creation. You know, like Detroit. You ignorant commie pig.

  2. Now businesses can operate 100% tax-free for 10 years. No business, corporate, state or local taxes, sales and property taxes, or franchise fees.

    I don’t exactly know to what that “franchise fee” statement refers. Franchise fees are paid to the franchiser from the franchisee and is not controlled by the state to my knowledge. Now, New York being a socialist state may have rules telling franchisers how much, if at all, they can charge but all that would do is make sure the parent company sells no stores in a state wherein they can’t get paid for doing so.

    But the very idea that a start up company would be exempt from all those taxes is strictly a leftist thing. Let me get this straight. If I were a businessman in New York for the last fifteen years, dutifully paying all those crazy taxes, I will continue to do so. But some “new” guy can move in across the street from me and he gets a free ride? So if the new guy undercuts my prices just by the 10 or 15% he saves in taxes within that “Ten Years” he can drive me out of business with the states help? The existing businessmen should form a mob, march to Albany and hang the governor. That’s pure bullshit to tax some but not others. I guess that’s the usual way leftists have “equality” under the law. What lying thieves they are. I love how leftists keep jacking up taxes year after year then when their economy goes pear-shaped they start handing out exemptions to their friends, supporters and bundlers. New York, meet Detroit.

  3. In most places, franchise fees paid to government are for the provision of a monopoly service, such as local cable operators pay. What Governor Cuomo means, I do not know.

    However, I wouldn’t call that an entirely leftist idea, since states and municipalities all over the country offer those kinds of “incentives.”

  4. Even if I did it, it would still be a lefty idea. Who does it does not change the underlying (and faulty) philosophy behind it. But it’s even sadder when non-leftist states and municipalities do it. Just shows how deep into the body politic the cancer of leftism has seeped.

Comments are closed.