I have visited New York City many times both for business and most recently for a long weekend vacation. The people are great, exciting, and I love the energy. There is one thing that has always puzzled me........
While visiting there, no matter where I went, and who I talk too...everyone hates the financial companies that reside there. From street vendors, to the hostess at the NBC studio tours, to the average joe I struck up a conversation with on the ferry.......everyone despises the financial industry and the people who work there....... and its not just a passive dislike...... Every New Yorker I met railed on with passion about how evil these folks are......... (this was before the financial crisis)
I have never understood why people despise the very industry and people that subsidize just about every aspect of their lives.......The businesses that could arguably be seen as the reason for the city's prominence on the world stage and a significant contributor to both the city's and state's revenue are constantly berated by just about everyone that benefits from their existance.
It's like visiting Houston and having everyone talk about how much they hate the oil industry.......or San Francisco street vendors openly telling tourists how much they hate the tech industry........It doesn't happen............Its wacky..........The companies who pay the astronomically high tax rates just to have the NYC address and access to the employee base.....you vilify and damn for their success.......the very same success that pays for the majority of the social services you enjoy, pays for the schools, the roads, who subsidize your arts, and is the source for your convention business.......
Of every "greedy" dollar they make the Federal government gets 35% of to spend as they like via the corporate income tax, and every $50 Million exec dollar bonus get taxed as well, and then New York gets their (now 10%) share ......These companies and employees are your partners in life...... When they are successful you get more money for your social services, the homeless, food banks, etc....... the same services that the people damning them rely on........
For 20 years I have wondered what would happen if all the companies got fed up with the attitude and taxes and just left....... I guess via the budget issues we are seeing associated with this economic downturn, New Yorkers are finding out how much they really rely on the success of the very same people you complain about all the time......
Someone please explain the reason for the attitude other than pure jealousy.......
If you can't please tell your financial companies we would love to have them move to our state.....we have no state income tax, we are business friendly and appreciate the benefits companies provide to us for being located in our state.......




