Re:Things that are more inequitable than road pricing
by cerebellum42 on Sunday February 03, 2019 @11:13AM
(#19070374)
You might be entirely right for all I know, but your points don't actually support your claims...
Why _would_ a city government make a profit? It's a government after all, not a business.
Comparing Puerto Rico with a city with multiple times its inhabitants and many many times its economic power isn't exactly saying much either
Re:Things that are more inequitable than road pricing
by gizmo686 on Sunday February 03, 2019 @11:16AM
(#19070390)
NYC population: 8.6 million
Puerto Rico population: 3.3 million
NYC per capita GDP: 64000
Puero rico per capita GDP: 31000
Not to mention the brain drain from Puerto Rico, or there special status as an unicorporated territory (and resulting lack of political power)
New York City in particular has a MEDICAL ONLY section of its pension benefits for city employees that adds up to $100 Billion. Medical, only. Not including pension payouts.
Puerto Rico defaulted on $71 Billion worth of debt, which was all of it, just recently.
This reckoning that is on its way is going to be epic. Nothing in NYC government makes a profit or operates properly without gigantic losses and pathetic performance in every metric when compared to the past city performance.
This will be the Olympics of Mental Gymnastics.