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I was surprised. And one of my meetings was at Goldman with folks I know quite well, and they think he'll get elected, but he'll be fairly moderate. He doesn't sound moderate.

Dead on the money.

Link: https://x.com/sunkized01/status/1935375803342377274?s=61

have a problem with that..Mamdani is promising the same thing...only for those who can easily afford the 2% levy. Can't have it both ways, Curly.

Note that a survey of Americans from all segments of the political spectrum overwhelmingly supported Mamdani's policies...without his name being mentioned. Let's see how this all plays out...first New Yorkers need to elect him.

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Increasing taxes cannot cause economic growth because it drives investors away.

Link: https://www.thepernateam.com/blog/detroits-3b-budget-how-mayor-duggans-tax-cuts-will-impact-homeowners/

Again...Mamdani is looking only at the wealthiest New Yorkers for an additional 2% tax that would hardly put them in danger of needing SNAP support.

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AI Overview

Detroit city income tax revenue history

Detroit enacted Michigan's first local income tax in 1962, seeking to ease the burden on property taxes, shift some of the tax payment away from businesses, create a more flexible local tax structure, and obtain reimbursement from commuting workers who used city services.

Here's a breakdown of the history of Detroit's city income tax revenue:

Initial Purpose: The tax aimed to broaden the city's revenue base and address financial challenges by including non-residents who benefited from the city's infrastructure and services.

Growing Importance: Over time, the municipal income tax became Detroit's largest single source of revenue. In fact, it accounts for around 30% of the city's general fund, according to the Chicago Federal Reserve Bank.

Dependence on Commuters: The city's income tax revenue stream has increasingly relied on its commuter population, who pay a non-resident rate. This dependence is highlighted by a 42% increase in revenue from municipal income taxes between 2014 and 2019, even as the city's population declined.

Challenges and Trends: Detroit's population loss has presented ongoing fiscal problems, including a shrinking tax base and revenue. The outflow of middle- and upper-class families has reduced the city's per capita income, which negatively affects the tax base.

Rate Reductions and Suspensions: Public Act 500 of 1998 initiated a reduction in the maximum allowable individual income tax rates. This began on July 1, 1999 and was to continue annually until the resident rate reached 2%. However, these scheduled rate reductions have been suspended in recent years if the city met specific conditions, such as withdrawals from the "rainy day fund" or low income tax revenue growth.

Current Rates: As of FY2019, Detroit's income tax rates were 2.4% for residents, 1.2% for nonresidents, and 2.0% for corporations. These are the highest income tax rates among Michigan cities with a local income tax.

Recent Revenue Outlook: The city's revenue outlook continues to improve, with steady growth in income taxes driven by efforts to create higher-paying jobs for residents and workers in the city. In September 2024, the City of Detroit reported revised revenue estimates for fiscal years 2025-2029, forecasting continued overall revenue growth of about 2% per year. For example, the revenue estimates for FY2025 showed an increase of $53 million (3.9%) from the previous conference estimates, mainly due to higher income tax collections and wagering taxes.

In summary: Detroit's income tax, introduced in 1962, has become a crucial revenue source, particularly reliant on its commuting workforce. While facing challenges from population decline and potential impacts from remote work trends, recent years have shown a steady improvement in income tax revenue, largely due to higher-paying jobs and increased economic activity within the city.
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Link: https://www.metrotimes.com/news/detroit-ranked-second-least-safe-city-in-the-us-37548343

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Many voted for this. Many did not.

them. Are there people who truly cannot afford to move and object to this garbage? Of course. Are most people who pay attention and object to this stuff able to move? Yes. Beyond that, polling indicates that in these places, this is what most of them want. We get the governments we deserve.

Had my ancestors stayed in NYC where they landed, would I be a different person with different perspectives, mindsets and expectations of my local society? The answer seems to be absolutely yes. Agency shapes people. It seems like citizens of cities lack agency. I don't think it is necessarily good nor bad, but it's different. If the bloated pig corpse of a city is all you know, would you leave for middle of nowhere Wisconsin or Iowa?

One of my goals for my children is that they realize that they have choices in the first place. Don't accept; choose!

So many people continue living in terrible urban conditions when there are similarly priced suburban and rural options with safer communities and better schools...and a better future if not for them, then definitely for their children. Of course, they have to want that. I assume they do want that, but feel trapped. Then again, maybe they love it...for them and their kids.

You can look it up, but here's a summary from the Internet, it's a fascinating concept that seems real to this flawed human, me.

Carl Jung, a psychoanalyst, introduced the idea of individuation as a central process in human development. It's the process of discovering and experiencing life's meaning and purpose, and becoming a unique individual with a sense of self. Jung believed that individuation is a self-realization process that continues throughout life.