So because they can’t afford other necessities means they get a pass on fare evading? I see plenty of people wearing nice clothings and are still farebeating. Let’s be realistic here, most people who are fare beating are not poor. You see them just walking through the emergency gates at time square with AirPods in their ears. Those who are struggling have either half off or free metro ride from the MTA fair fare program. But keep trying to label everyone is poor in nyc.

Fare went up .50 cents (22%) since Bloomberg was in office. Median individual income went up by 26% since then. The rate of change is fairly proportional, so why can’t people afford to pay the fare? I mean it’s either those who use it pay for it partially or a tax on everyone to pay for it. You can say it should be free all you want, the money to fund it should come from somewhere.

Q3 2023 recession predicted by BofA? BET. Imma buy puts now to save y’all.

Well, it’s either gonna be a tax on everyone and make it free or NYPD will actually enforce it. I don’t see how it’s a problem with the NYPD actually enforcing the rules by ticketing and the courts actually collecting the fine. No dropping of the fine provided there is enough evidence.

How come fare evasion wasn’t that big of a problem when it was during Bloomberg’s administration?

How about we do both? If Farebeating isn’t stopped the problem will get bigger. People seeing other people not face any accountability for farebeating will cause more people to farebeat

200 million is still 200 million

Actually issue tickets to fare hoppers. Pretty sure they can save 200 million dollars there annually.

Pretty sure the feds pivoted after the stocks started tanking and the markets needed more liquidity

Like I said again, I didn’t define my “data” on what is considered rich. You came in with the assumption that someone rich is someone who is a millionaire. You don’t need to be a millionaire (usd) to be “rich” in China. Even if you have 400k usd, you would be considered rich. In a tier 2 city, you can buy like 4-6 apartments with cash and rent that out. Your standard of living is much lower in China compared to USA. If you have a million dollars in america, I wouldn’t even consider that rich because everything is much more expensive.

I never defined the parameters for being rich to be a millionaire. I meant it as rich enough to buy Starbucks or whatever American product that is marked up very high. Obviously if they can’t afford to buy it, companies wouldn’t be entering the market and selling it at that price. Sir, this post is about coffee. What else would I be talking about? I replied to the person regarding how it’s difficult to imagine Chinese people buying highly marked up American products

Ummm… you don’t need to be a millionaire to buy a cup of coffee…. Even in the usa, people who are buying coffee from Starbucks aren’t rich. You have those in the middle class living paycheck to paycheck buying it. So definitely hundreds of million of people can buy that cup of coffee which is already a lot of people

It’s for the middle to upper class people in China. Even the rich people in China is easily hundreds of million of people.

1500-2500 rent is cheap depending where you are for a household with 2 working people…

Federal money is used for the war. California themselves uses state money to build the high speed rail. It seems like money wasn’t the issue for this HSR. Too many land rights and bad planning. We invested most of our money in airports instead. Look at how many airports we have compared to rest of the world. Think we have more than the next 5 countries combined

What I said earlier was from another source that I read months ago. But speaking back to the income statement posted. You see bitcoin revenue dropped from 10B in 2021 to 7B in 2022. Yes cost for bitcoin also decreased, but for overall growth of revenue, you see it stayed the same for 2021 to 2022. Assuming btc trading didn’t decrease, their revenue for 2022 would be an extra of almost 3 billion dollars.

They invested a lot into btc before the 2020 period and when the value of it increased, they had to report that as income. Think the reporting rules changed under trumps administration. That’s why you have companies like Berkshire report big gains and then big losses. During the btc peak area. They also kinda double down on btc. So when btc drop, they also took a hit.

I think same revenue for 2021 to 2022 is big. In 2021, btc was trading at the peak of 60k a coin. Lots of revenues from that. Now btc in 2022 dropped to as low as 18k at one point and less people trading it. Yet their revenue was consistent. Their core business is growing and factor in after pay acquisition. I see long term potential

Change all “people” to Redditors.

Exactly. If one person owns ten homes. You aren’t counted as ten homeowner. You would just be counted as 1 homeowner.

I see it with my friend group. Around half bought houses/condos.

If you are part of nycer, even if you retire in NYS, you don’t have to pay state tax. Doesn’t matter if they go to Florida or not.

You know how to do math? 19 billion divided by 119billion. Doesn’t look like 1-2% to me. Around 16%

Then the hospitals themselves need to hire people to facilitate the logistics for it. City has not control over Private hospitals to make them even trade with each other for resources. City hospitals is even more of a joke. Look at the pay difference between city hospitals and private hospitals.

A tale old as time. That’s every company. Upper management has company interest in line. Not your average worker

Pet peeve was there were barely any garbage cans throughout the whole metro system. Even in the restrooms, there were barely any. Also lacked elevators in many stations. Was annoying traveling with suitcases. Besides that, their metro was pretty good