Thursday, June 30, 2022

A Conversation at Streetsblog About Psuedo Progressive Deflection from Wall Street Stock Transfer Tax & Silly Refusal To Add Roads

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/

 

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

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    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?


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    What do you mean by “revenge tactics”? There is no revenge tactics being planned here.


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    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.

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