Tell me again why we even need a city council? Abolish the council, they don't do anything but piss our tax dollars away and serve their own socialist agenda while acting as tools for special interest groups that fund their campaigns.
TAX REVENUES LOST
City Council members have so far managed to keep Wal-Mart out of the city, but they can’t stop New York City residents from shopping at Wal-Mart. The nation’s largest retailer will announce today that city residents are heading to suburban Wal-Mart stores in record numbers — spending 30% more at the region’s half dozen or so Wal-Mart stores last year than they did in 2004.
The retailer hopes these statistics will persuade City Council members to approveWal-Mart stores within the five boroughs. Using credit card data, the company says city residents spent about $128 million in 2005 at stores in New Jersey, Long Island, Connecticut, and Westchester County. In 2004, New Yorkers spent about $98 million in those stores. The loss of tax revenue to the city from these sales is significant. Wal-Mart says every new store in New York City would create about 300 new jobs and generate about $5 million in tax revenue for the city.
A Wal-Mart spokesman, Philip Serghini, said the leakage of dollars to suburban stores proves “consumers in New York are interested in stretching their paychecks and they see Wal-Mart as a way to do that.”
D'oh. The Democratic party machine is New York City is killing this town.
Mr. Malanga said the City Council is the biggest hurdle to Wal-Mart opening in New York City. “The City Council is almost completely a tool of the unions,” he said. “This is not what is good for consumers, it is about city councilmen who have to appease the union movement.” More here.
Wal-Mart makes it possible for lower wage earners to purchase items the could never afford at regular store prices. Wal-mart enhances the quality of life.