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.
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.
✅ 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.
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