I think its very naive to try and apply your libertarian philosphy to a business that pays bzillion dollars in tax- ON TIME. . or its shut down. Havng worked inDetorit for over a year- those 3 casinos pay about 50 million a year in tax EACH. I think NY casinos pay almost a billion dollars a year in tax.
If your concern is the collection of tax revenue, then casinos(collection of the poor man's tax) is a great collector. Casinos are a means of collecting taxes from those who would never pay if taxed directly, so they offer games of chance where the odds are against them, to compel the hopeless to willingly give money to the government.
I'm not sure Detroit casinos are a picture of success. They are shutting water to residents.
Casinos create nothing. They create no valuable assets. What they do is swindle money from those that earned it, then split the spoils with the government.
I would not be surprised if Schenectady gets the casino. The city cannot raise taxes much higher without pissing off the residents. They have to get them to willingly pay. And a casino would do that.
If your concern is the collection of tax revenue, then casinos(collection of the poor man's tax) is a great collector. Casinos are a means of collecting taxes from those who would never pay if taxed directly, so they offer games of chance where the odds are against them, to compel the hopeless to willingly give money to the government.
I'm not sure Detroit casinos are a picture of success. They are shutting water to residents.
Casinos create nothing. They create no valuable assets. What they do is swindle money from those that earned it, then split the spoils with the government.
I would not be surprised if Schenectady gets the casino. The city cannot raise taxes much higher without pissing off the residents. They have to get them to willingly pay. And a casino would do that.
Problem is the casino in Schenectady will NOT OWN the property. It will pay rent to billionaire Galesi who has a 100% tax exemption on the land WITH NO END DATE. So the billionaire will get rich off the casino and pay a PUNY pilot amounting to about 1% of the assessed value of the property.
And the people in the city who keep voting in the DEMS will THINK that that the casino is paying taxes. The DEMs do NOT tell taxpayers how much they are paying to cover the taxes not paid by the rich downtown political cronies of the dems.
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
Problem is the casino in Schenectady will NOT OWN the property. It will pay rent to billionaire Galesi who has a 100% tax exemption on the land WITH NO END DATE. So the billionaire will get rich off the casino and pay a PUNY pilot amounting to about 1% of the assessed value of the property.
And the people in the city who keep voting in the DEMS will THINK that that the casino is paying taxes. The DEMs do NOT tell taxpayers how much they are paying to cover the taxes not paid by the rich downtown political cronies of the dems.
It will generate tax revenue through gambling profits. Of course the landlord will get rich, but not without the state & local governments getting their cut. It's the same scam as the state lottery.
It will generate tax revenue through gambling profits. Of course the landlord will get rich, but not without the state & local governments getting their cut. It's the same scam as the state lottery.
Both my parents were born in HOUSES in schenectady. My mother lives in one of the " Manor " complexes far enough away from the noise of gunshots.. old people like to gamble. Myy plan is to build an assisted living complex across the street from a casino.
I am a liberal capitalist. I make enough money so I dont have to live in Schenectady. Most of it from the casino business.
It will generate tax revenue through gambling profits. Of course the landlord will get rich, but not without the state & local governments getting their cut. It's the same scam as the state lottery.
Yes, the federal and state government will take their cut. And there is nothing that says they are mandated to share it with the city or county. Or share a certain amount.
This ALCO location, all the land that will be done up by Galesi, could be worth $200,000 million or more, but NOT ONE PENNY in city, county or school property tax will be paid because he has a 100% tax exemption WITH NO END DATE. He is such a crony of the city/co dems that he can weasel himself into a position of paying perhaps a $100,000 pilot rather than perhaps a $5 MILLION property tax. So the homeowners in the city will have to pay his taxes.
Again, the poor paying the taxes of the rich
Optimists close their eyes and pretend problems are non existent. Better to have open eyes, see the truths, acknowledge the negatives, and speak up for the people rather than the politicos and their rich cronies.
High rollers jetting into Albany to come visit our casino on the river.
Or, alternatively, punks wearing tore up jeans half way down their asses, walking around, swearing into their cellies... Then asking a passerby, "Hey, you got a quarter?"
Which is it more likely to be?
In reality it will not be either of the above, but more of the latter - with some (plenty) casual gamers coming for entertainment... At least at first.
When the novelty wears off - we'll just be another state with declining (relative) population, increasing state budgets, competing with casinos run by the various tribes, NJ, PA, and any other nearby state who thinks they found a great solution to the spending lunacy.
It will be a boon to the economy, for at least 2-3 years, but then, unless there are enough things to pull people in (shows, great restaurants, etc...) for the casual gamers to come for that stuff, and the pull the lever on the slots... It will go downhill. And in 7-8 years when the place starts showing some age, it will become less "cool" to visit, and the operator won't quite have the cashflow to invest in the property to make it "world" class and bring more people in.
Death spiral. Like we're seeing in NJ as the casinos get more and more competition. To costly to run, they close.
I think its very naive to try and apply your libertarian philosphy to a business that pays bzillion dollars in tax- ON TIME. . or its shut down. Havng worked inDetorit for over a year- those 3 casinos pay about 50 million a year in tax EACH.
I'm not against corporate gambling.
I'm against corporate favoritism and people being treated as part of a caste system, whereby they are forced to gamble at government sanction entities.
Schenectady already favors corporations over people giving grants loans and tax exemption status to many.
Too many.
People have a right to equal treatment under the law.
Build your casinos wherever you want, but allow people to have the same rights as wealthy corporate investors.
You consider equal rights to be naive?
But you don't see the unfairness of rationed rights for everyone but corporations.
My only concern is that rights are being granted based on government favoritism.
That's unconstitutional.
But hey, fukk people's rights as long as you got yours and don't have to live in Schenectady.
Both my parents were born in HOUSES in schenectady. My mother lives in one of the " Manor " complexes far enough away from the noise of gunshots.. old people like to gamble. Myy plan is to build an assisted living complex across the street from a casino.
I am a liberal capitalist. I make enough money so I dont have to live in Schenectady. Most of it from the casino business.
what about you ?
My family lives in the county, I live in the county. I could choose to leave the county and the state and earn a living. I choose to stay in the state to stay near family.
I'm glad you made a lot of money off casinos. Fact still remains, it generates no wealth. It has no productive value. If you were on a deserted island, I'm don't know how long a person could live off of games of chance.
Does liberal capitalist mean that you are fine with capitalism, so long as the state regulates the industry you earn your living off of, to make sure there is no competition and that back room gambling is outlawed, and everybody must go to your casino if they want to gamble?
Yes, the federal and state government will take their cut. And there is nothing that says they are mandated to share it with the city or county. Or share a certain amount.
I can only guess that the money will be distributed like lotto money. The state gets their cut for "administration" and the county and city governments will agree on a certain percentage.
Does liberal capitalist mean that you are fine with capitalism, so long as the state regulates the industry you earn your living off of, to make sure there is no competition and that back room gambling is outlawed, and everybody must go to your casino if they want to gamble?
Imperialist capitalism; where certain people, in this case corporate entities, are subsidized by the government and judged to be the best to fill the needs of the people.
I am all for free market capitalism, but corporate welfare and nepotism is bribery based corruption, that puts the needs of the people far below the needs of the recipients of the bribery themselves, along with the needs of the corporate entities above all others.
Unequal treatment under the law is unconstitutional.
Why is the right to make money from gambling limited to licensed government sanctioned corporate entities?
People need the right to make profits themselves, not the right to patronize the selected few places that the government controls, limiting profits to shareholders and business contacts of the corporations.
Of course someone who makes a living off of protectionism, and imperialist capitalism would be against allowing others to have the same rights.
My family lives in the county, I live in the county. I could choose to leave the county and the state and earn a living. I choose to stay in the state to stay near family.
I'm glad you made a lot of money off casinos. Fact still remains, it generates no wealth. It has no productive value. If you were on a deserted island, I'm don't know how long a person could live off of games of chance.
Does liberal capitalist mean that you are fine with capitalism, so long as the state regulates the industry you earn your living off of, to make sure there is no competition and that back room gambling is outlawed, and everybody must go to your casino if they want to gamble?
Well see how life is different. My father and uncles parents told them dont stay here. Dont stay near us. Start a life this place is dead. Got it. Schenectaxy was dead 50 years ago.
you and liber tarian are making things very complicated. CASINOS ARE IN THE ENTERTAIN MENT BUSINESS. thats it
you and liber tarian are making things very complicated. CASINOS ARE IN THE ENTERTAIN MENT BUSINESS. thats it
But isn't it the type of entertainment that few can afford? What happens when people start selling off their food stamps and debit cards for an extra 5 bucks to throw in the slot machine because they are due to strike it rich. Now we have people who are dependent on DSS "trading" their benefits for cash to "hit it big"! Do the taxpayers now have to support even higher taxes for those who now have no money or benefits left to exist. Are affluent people going to flock to a Schdy. casino to gamble? No, they will go to Vegas. The local poor will be attracted to the ENTERTAINMENT BUSINESS in hopes of one lucky break to escape poverty. What kind of daily revenue is needed to support this type of business? Why did Saratoga fight to keep it out while Schenctady embraces the "opportunity"?
All I can say is take a look at the areas around casino hubs.. they are flat out Ghettos... Atlantic city, Las Vegas city limits, etc. At least with Vegas, there is top notch entertainment, you won't see that in the proposed NYS casinos. Look at the clientele inside a gambling only casino... either senior citizens with nothing else to do or people hoping to get lucky that have no business dropping money in a slot. The poor have the opportunity to piss away their money already with OTB and Lotto, so adding a Casino won't make things worse... But you are dreaming if you think it will benefit the area around the Casino
"Arguing with liberals is like playing chess with a pigeon; no matter how good I am at chess, the pigeon is just going to knock out the pieces, crap on the board, and strut around like it is victorious." - Author Unknown
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