The saving grace for all this has been that you are only on the hook while you live in New York. My fear has been that when push comes to shove, the federal government will step in and cover the costs of decisions made at the city and state level that the rest of us had no input over.
Well, I really need to look into that California wealth tax proposal (almost definitely not constitutional, and unenforceable) and... well, my post on state/local pension bailouts will be coming tomorrow.
The saving grace for all this has been that you are only on the hook while you live in New York. My fear has been that when push comes to shove, the federal government will step in and cover the costs of decisions made at the city and state level that the rest of us had no input over.
Well, I really need to look into that California wealth tax proposal (almost definitely not constitutional, and unenforceable) and... well, my post on state/local pension bailouts will be coming tomorrow.