Timeline for answer to What makes trading cities rich? by kingledion
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| Jul 31, 2016 at 0:30 | comment | added | user20787 | @kingledion "how rich would they be?" That's a simplistic view of a radically different situation. In a world where New York etc are independent, presumably the USA is completely fragmented; so less money goes into NYC in the first place, and even of that which does, the elite have even more power over the system without the weight of outside moderation. In which case wages would be lower, inequality higher. You can't assume things would go well when so many things had evidently already gone wrong. | |
| Jul 29, 2016 at 11:43 | comment | added | kingledion | Did you know that the employees of Manhattan pay as much taxes as the employees of the entire Chicago metropolitan area? 2 million employees get paid 232 billion dollars. Do you think all that tax money is getting spent in Manhatten? No that money is building highways in Arkansas, and paying social security in Florida, and Medicaid in rural New Mexico. What if none of that tax money had to leave the island....how rich would they be? | |
| Jul 29, 2016 at 8:24 | comment | added | Jan Hudec | I don't think San Francisco or Manhattan would gain much being independent, because USA has a decent legal system and low corruption overall. Hong Kong and Singapore gained from the fact that legal system, level of corruption, or both (since poor legal system provokes corruption) are inferior in the surrounding regions. | |
| Jul 28, 2016 at 12:44 | history | edited | kingledion | CC BY-SA 3.0 |
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| Jul 28, 2016 at 11:59 | comment | added | Luaan | Hah, yeah. This reminds me of how the Indian government tried to encourage foreign investment by asserting that (paraphrasing) "If you're good enough, we might not nationalize your investment for ten years, maybe even twenty!" Capital and freedom go hand in hand. | |
| Jul 28, 2016 at 5:55 | comment | added | user3576 | I think you meant to have "declined,", or something similar, between "France)" and "while". | |
| Jul 27, 2016 at 18:13 | history | answered | kingledion | CC BY-SA 3.0 |