
The New York Post reports that Big Apple politicians are aghast at the fact that "[t]city is sending as much as $11 billion a year more in taxes to Albany than it's getting back in state aid."
However, what did they expect?
Have these politicians forgotten that the whole purpose of a system of taxation is the redistribution of wealth? Since New York City has more money than upstate, it's the logical consequence of progessive taxation that more goes out than comes back. Furthermore, if the same amount of money were returned to New York City as was sent to the State, there would be no reason to send it to the State in the first place.
If these politicians really want to end the exodus of cash from their constituents, the answer is simple: cut taxes.

