Since December 1981, the New York Stock Exchange 0.1% transfer (sales) tax has been 100% refunded. How much money has that been? And why is that issue so stubbornly refused to be addressed by so many? Especially those calling themselves progressive.
https://nyc.streetsblog.org/2022/06/10/opinion-pete-buttigieg-is-failing-new-york-and-the-country-on-congestion-pricing/
douglasawillinger • 20 days ago
The
NYC metro region needs comprehensive multi model long term
transportation planning, and not the overly simplistic revenge tactics
dating back to the mass "de-mappings" of every single planned new
expressway link, The region needs additional corridors, which can all
employ electronic tolling:
1st a New Jersey - Cross
Harbor/Brooklyn Expressway Tunnel, enclosed I-78/I-878 together with
heavy rail and the proposed Bi Borough IRT, encased beneath a new linear
park, extending to a similarly reconstructed/expanded.tunnel box
enclosed Belt to a split near Belmont Park for a tunnel link to the
Clearview,
2nd, a New Jersey to Yonkers Hudson River Bridge fed by cut and cover tunnels.
3rd,
the I-287 Cross Sound Bridge, with box tunnel enclosure for the
shoreline areas, extending more than 1,000 feet beyond covered by new
pier shaped parkspace
Don't
you think defunding the transit system for 25 years and loading it with
$50 billion in debt, plus the 2000 pension increase, featherbedding on
the LIRR, and soaring capital costs to pay for pension increases in the
construction industry (so private developers wouldn't have to) is
revenge tactics?
The mass demappings were implemented by Baby
Boomers who drive everywhere, but don't want expressways near them, and
don't want their house torn down to build one. The transit system was
defunded, and new housing downzoned out of existence, at the same time.
The region needs additional corridors, which can all employ electronic tolling.
Tens
of $billions were spent rebuilding existing roads and bridges that were
originally tolled, some into the 1990s. How about putting those back?
What do you mean by “revenge tactics”? There is no revenge tactics being planned here.
Succumbing
to a high finance backed Robert Moses-Jane Jacobs/Marcy Benstock dog
and puppy show. One done in accordance with the petrochemical industry
fear of pollution hot spots at tunnel portals embarrassing their
product, coupled with a strange argument that we can not afford both
transit and highways, but against the backdrop of the NYSE obtaining a
100% refund upon the small 0.1% stock transfer tax since Dec. 1981-
representing a far greater amount of funds.
What? You make no sense, especially since congestion pricing works in London.
Electronic tolling would work, and pricing could be variable based upon time of day etc.
You are simply deflecting.
What
are the figures on the 100% rebate (refund) on NYSE transaction 0.1%
transfer (sales) tax? There are going to be figures for each and every
year since N.Y. Gov Hugh Carey enacted that in late 181- coincidentally
mere months before the NYSE trading went computerized and volume
drastically increased.
Imagine how much infrastructure NY could thus afford.
Why is such a matter so blissfully ignored?
What are you talking about? Why do you not want to talk about congestion pricing?
I do want to talk about congestion pricing for paying for new facilities.
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