Hi, Shrewd!        Login  
Shrewd'm.com 
A merry & shrewd investing community
Best Of MacroBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd
Search
Shrewd'm.com Merry shrewd investors
Search
Best Of MacroBest OfAll BoardsThe Shrewd’m WeeklyLearn to InvestHow to Become Shrewd


The week's question
In March 2025, in the thread "Re: OT, out", Umm asked the members: "Do you think it is because America is made up of magical soil that makes businesses based in America magically profitable?" This week it is put to everyone again. The button below opens the small thread re-asking it - read what others have said so far, then give your own answer as an ordinary reply.
Answer this questionContinue to Shrewd'mThis note won't appear again
Personal Finance / Macroeconomic Trends & Risks
Unthreaded | Threaded | Whole Thread (13) |
Author: OrmontUS ✭✹  😊 😞
Number: of 4582 
Subject: Re: Aldi vs Walmart price changes on same item.
Date: 08/08/25 7:02 PM
Post New | Post Reply | Report Post | Recommend It!
No. of Recommendations: 1
Ultimately, what you are going to find, is that state/local taxes will have to rise if people want to replace the services no longer subsidized by the federal government. That puts local politicians in the hot seat when it comes to raising taxes. The challenge is that frequently cities are demographically different thana the overall population of their states which can cause the equivalent of financial gerrymandering.

Years ago, NYC set up an Off-Track Betting authority which set up city-owned booky parlors. The tracks were located in New York State, but outside of the City. The rates set for the video feeds from the tracks was calculated to drain any profits and send the funds to municipalities outside of the City. NYC OTB went into Chapter 9 bankruptcy (When a municipality no longer can pay its bills - including to my company).

I think you'll find that, though NYC taxes pay for over half of the State's budget, those living outside pf the City couldn't give a fig for what was happening in the City.

We now have a Democratic mayoral candidate in a city which generally elects the Democrat, who thinks that NYC's working class deserves free buses, no rent increases, child care paid for by the City and so on - all paid for by the rich oligarchs who live there. While I'm far from being an oligarch, I have put off buying an apartment and am trying to decide what other state (or country) meets my requirements.

Jeff
Post New | Post Reply | Report Post | Recommend It!
Print the post
Members reply directly to OrmontUS here — and replies get answered. Reading is free; so is joining the conversation. Join Shrewd'm »
This community has written 4,576 posts about Macroeconomic Trends & Risks. The article-length ones it recommended most:
AI Tarpits · 36 recs · 2026
End of an era - profit slowdown · 36 recs · 2023
Control Panel: Trend changes in 2026 · 34 recs · 2026
From the Oregon Bay Area (a blogger) · 33 recs · 2025
Lerner Symmetry Theorem · 32 recs · 2025
Unthreaded | Threaded | Whole Thread (13) |


Announcements
Macroeconomic Trends & Risks FAQ
Contact Shrewd'm
Contact the developer of these message boards.

Best Of Macro | Best Of | Favourites & Replies | All Boards | Followed Shrewds | Open Questions | Moving a community