No Property Taxes on Paid-Off Primary Homes — And Here’s How We Pay for It

New York has a serious problem:
We punish stability.

If you work your whole life, pay off your home, and finally reach a point of security — the state still taxes you like you’re renting from Albany forever.

That’s wrong.

The Policy
• No property taxes on paid-off primary residences
• Applies only to:
• Your primary home
• One property
• Fully paid off (no mortgage)
• No loopholes for investors, landlords, or second homes

This rewards responsibility, protects seniors, and lets families stay in their homes.

⸻

“But how do we pay for it?”

We stop taxing stability — and start taxing tourism, entertainment, and voluntary spending.

The Solution: A Coney Island Entertainment & Casino District

Not scattered casinos.
Not backroom deals.
A planned, regulated, competitive district.
• 5 destination-style casinos (MGM, Hard Rock, Caesars, Bally’s, etc.)
• Built into Coney Island, not residential neighborhoods
• Fully integrated with:
• Hotels
• Restaurants
• Entertainment
• Transit
• Local small businesses

⸻

The Numbers (Conservative & Realistic)
• Casino tax revenue: ~$2.5–4B/year
• Spillover economy (jobs, sales tax, hotels, income tax): ~$1.5–3B/year

Total public revenue: ~$4–7B annually
That matches what NY loses by ending property taxes on paid-off homes

This isn’t a gamble — it’s revenue substitution.

⸻

Jobs. Stability. Brooklyn Wins.

These destinations don’t run themselves.

They create:
• Union construction jobs
• Hospitality jobs
• Security jobs
• Tech & operations jobs
• Transit & maintenance jobs
• Small business growth around them

This stabilizes Brooklyn and strengthens NYC — without pushing people out of their homes.

⸻

The Philosophy

If you’ve already paid for your home,
the state should stop charging rent on your life.

Let New York:
• Protect homeowners
• Keep seniors in place
• Create jobs
• Grow tourism
• Shift taxes away from families and onto entertainment

That’s how you build a BETTR New York — fair, stable, and honest.
🏠 No Property Taxes on Paid-Off Primary Homes — And Here’s How We Pay for It New York has a serious problem: We punish stability. If you work your whole life, pay off your home, and finally reach a point of security — the state still taxes you like you’re renting from Albany forever. That’s wrong. âś… The Policy • No property taxes on paid-off primary residences • Applies only to: • Your primary home • One property • Fully paid off (no mortgage) • No loopholes for investors, landlords, or second homes This rewards responsibility, protects seniors, and lets families stay in their homes. ⸻ âť“ “But how do we pay for it?” We stop taxing stability — and start taxing tourism, entertainment, and voluntary spending. 🎡 The Solution: A Coney Island Entertainment & Casino District Not scattered casinos. Not backroom deals. A planned, regulated, competitive district. • 5 destination-style casinos (MGM, Hard Rock, Caesars, Bally’s, etc.) • Built into Coney Island, not residential neighborhoods • Fully integrated with: • Hotels • Restaurants • Entertainment • Transit • Local small businesses ⸻ đź’° The Numbers (Conservative & Realistic) • Casino tax revenue: ~$2.5–4B/year • Spillover economy (jobs, sales tax, hotels, income tax): ~$1.5–3B/year ➡️ Total public revenue: ~$4–7B annually ➡️ That matches what NY loses by ending property taxes on paid-off homes This isn’t a gamble — it’s revenue substitution. ⸻ đź‘·‍♂️ Jobs. Stability. Brooklyn Wins. These destinations don’t run themselves. They create: • Union construction jobs • Hospitality jobs • Security jobs • Tech & operations jobs • Transit & maintenance jobs • Small business growth around them This stabilizes Brooklyn and strengthens NYC — without pushing people out of their homes. ⸻ ⚖️ The Philosophy If you’ve already paid for your home, the state should stop charging rent on your life. Let New York: • Protect homeowners • Keep seniors in place • Create jobs • Grow tourism • Shift taxes away from families and onto entertainment That’s how you build a BETTR New York — fair, stable, and honest.
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