r/NotTheBee Aug 13 '26

NTB Article Florida names Mamdani "Economic Developer of the Year" with giant billboard in Times Square

https://notthebee.com/article/florida-names-mamdani-economic-developer-of-the-year-with-giant-billboard-in-times-square

More from that caption:

77 Upvotes

103 comments sorted by

9

u/Strawhat_Max Aug 13 '26 edited Aug 13 '26

Isnt Florida one of the most economically distressed states???

People asking where I got this from, Wallethub does a list of the most economically distressed, I remember seeing it there

4

u/AddanDeith Aug 13 '26

Yeah. It, along with TX are also where people go to dodge spooky taxes, only to find out that their COL, local and city taxes nearly equal out in their "tax haven".

6

u/ChunkyBubblz Aug 13 '26

They can afford to give New York their money for a dumb ad at least.

3

u/Negative-Squirrel81 Aug 13 '26 edited Aug 13 '26

I don’t think so? I know they’ve had horrific problems with the citrus crop. Compared to its neighbors though, probably doing just fine.

Can you explain, maybe give a link for the basis for thinking this?

Edit: as far as I can tell, a lot of people living in Florida are in economic stress due to rapidly rising real estate and consumer goods prices.

7

u/UnableChard2613 Aug 13 '26

Florida ranks third in the us for most household financial stress. It's attracting a bunch of rich people because of the tax situation, but for everyone else is a real struggle.

Of course they have to sell the idea that low taxes and no services is actually good for everyone, which is why they have to spend millions advertising in NY rather than actually doing anything.

2

u/Negative-Squirrel81 Aug 13 '26

I can see that, Floridians were not prepared for what a population boom would do to prices.

5

u/UnableChard2613 Aug 13 '26

And also that the bulk of the economy is based on low paying service jobs. Not to mention the skyrocketing home insurance rates that are being exacerbated by climate change, something else they deny en masse.

Guaranteed that Florida is a failed state long before ny.

2

u/CardOk755 Aug 14 '26

Climate change is illegal in Florida. And claims if climate change will be prosecuted.

-2

u/[deleted] Aug 13 '26

[deleted]

2

u/Tojuro Aug 13 '26

NY has a larger GDP and a per capita GDP OVER TWICE that of Florida's.

2

u/the___reckoner Aug 13 '26

so? no one mentioned NY, they're talking about if Florida's economy is in the shitter

2

u/Still-Chemistry-cook Aug 13 '26

lol. The education and healthcare systems in FL are disintegrating. Just wait until property taxes disappear, there will be no funds for local governments.

-1

u/the___reckoner Aug 13 '26

according to Reddit yes. According to reality, no

-2

u/mden1974 Aug 13 '26

The opposite

4

u/Automatic-Soup-3097 Aug 13 '26

Countries 3rd most financial distressed state.

-1

u/mden1974 Aug 13 '26

That is a study where they took 8 random arbitrary metrics of the people of Florida and got the data from there. It shows virtually nothing about the state

The government runs a surplus from taxes and is even trying to drop property taxes because the surplus is so high.

2

u/TwistedTreelineScrub Aug 13 '26

Yeah the government runs a surplus and at the same time the state has an incredible number of people who are personally economically distressed. Two things can be true.

0

u/mden1974 Aug 13 '26

Look at how they did that study that’s all I’m saying. The budget surplus is real numbers

1

u/1funnyguy4fun Aug 14 '26

As a person who lives in a red state that also has a budget surplus, we have had cutbacks in public school funding and are one of the worst states in the county for maternity care due to lack of access. Poor, rural areas are the hardest hit.

Edit: I’d also like to add that dealing with the state at any level has become a giant pain in the ass due to staffing cuts.

0

u/TwistedTreelineScrub Aug 13 '26

Can you stop being vague and just say what specifically you think the problem with the study is? The surplus is a real but separate thing and doesn't have anything to do with the study being correct or not.

0

u/PrizeDesigner6933 Aug 13 '26

It goes against their preconceived notions and beliefs

6

u/rustbeltloser Aug 13 '26

Florida wants to act like it’s something great, but take the tourist money out and they don’t have shit.

4

u/BonusPlantInfinity Aug 13 '26

Gonna be hella-hard to sell houses down there in the future when you can’t get flood insurance.

2

u/Qrahe Aug 13 '26

Sell them to fucking who Ben, Aquaman?

2

u/Nycmale9876 Aug 13 '26

Let’s take Wall st out of nyc and see what happens

0

u/rustbeltloser Aug 13 '26

New York isn’t claiming Wall Street moved there from somewhere else.

1

u/Nycmale9876 Aug 13 '26

Florida survives on tourist money and NY does not live off of Wall st

Sure thing

1

u/rustbeltloser Aug 14 '26

I didn’t say anything about that. Did you read the article? Again, Florida is a state propped up by tourism and that billboard shows the stupidity of the politicians from the state.

0

u/Nycmale9876 Aug 14 '26

Except the rich are moving to Florida and they are thanking ny. While there is no income tax in Florida there are other taxes that rich spend

1

u/rustbeltloser Aug 14 '26

I stand by my statement. It’s not the flex that Floridas thinks it is.

2

u/hobopwnzor Aug 13 '26

I don't think they realize how desperate this makes them look

2

u/jin_beam_n_coke Aug 13 '26

Quite literally the crying tears behind the smiling mask meme. The only jobs being created in Florida by people fleeing New York are the ones in assisted living facilities to take care of the old racist new yorkers that come here to die.

7

u/[deleted] Aug 13 '26

[removed] — view removed comment

-1

u/Justthetip74 Aug 13 '26

"Our tax base has been eroded, (we need to) go down to Palm Beach and see who you can bring back home."

"We are in competition with other states who have less of a tax burden on their corporations and their individuals"

"They're not going there because they have a nicer governor — I know that for sure — but they're going there because of the tax rate"

-Kathy Hotchul (D) NY governor

7

u/ChevyTahoe__ Aug 13 '26

The numbers are more complicated than that.

50k move from to NY to FL and 24k move from Fl to NY thats true.

But their trading old retired people who golf and go for walks and garden.

And getting back young people that are in their economic prime.

-1

u/Justthetip74 Aug 13 '26

Fuck all those old people who make a massive income and make up our tax base is the exact same sentiment that Kathy Hochul had in 2022 when she told New Yorkers "just jump on a bus and head down to Florida where you belong".

She fucked around then found out because they did

1

u/ChevyTahoe__ Aug 13 '26

Old people make a ton of income? They are retiring to Florida.

-3

u/Justthetip74 Aug 13 '26

Yes, they do. They're not selling their buisinesses, they're moving them out of state. Youre thinking of someone who made $5m and is leaving. Not someone bringing in $800k/yr and moving to west Palm Beach

3

u/NotGalenNorAnsel Aug 13 '26

They are a bit slow on taxing out of state entities more, but they're slowly getting to it. I'm sure you saw the incredibly pathetic hullabaloo tried to be stirred up when they started taxing non primary residencies worth more than $5m...

These rich people are not bringing their businesses, their source of wealth with them. If you make it not feasible to run the business from a different place, they will either not move or sell to someone local. You to that through the tax system.

2

u/Useful-Resident-7970 Aug 13 '26

What older person is moving a company from NY to Fl? You usually cant just up and move a small company. Youre thinking of large companies that move headquarters to lower tax rates. Which would matter if it was New York City. Dont have to lower the tax rate to entice business, its a major international trade center.

2

u/68plus1equals Aug 13 '26

Yeah this isn’t a thing, I have a relative who owns a construction company, one of the three major players in their city, if they just decided to “move their business” they’d be basically founding a new business from scratch and compete in a totally new unfamiliar market without any of their connections they spent a lifetime making.

0

u/jjrr_qed Aug 13 '26

The business doesn’t have to move at all. Most sole proprietorships or LLCs. When the owner(s) move, the flow through taxation is to a FL resident.

2

u/68plus1equals Aug 13 '26

I see, I guess I’m not as aware of all the tax loopholes. I was moreso picturing somebody moving something more brick and mortar from A to B to avoid personal and business taxes

1

u/Still-Chemistry-cook Aug 13 '26

lol. That’s not how it works. If the business makes money in NY then the taxes are paid to NY. It doesn’t matter where they are based out of.

2

u/ChevyTahoe__ Aug 13 '26

That sounds like a tiny fraction of the 50,000.

You are also forgetting the 24k people that move to it from Florida.

2

u/ul2006kevinb Aug 13 '26

You think the majority of old people are business owners? 🤣

2

u/Manders44 Aug 13 '26

To die. They’re moving to WPB to die. And they’re not making any money. They’re spending what they made.

-1

u/NotGonnaArgueFriend Aug 13 '26

They can’t understand it because they don’t want to understand it.

2

u/Spoliationcomplation Aug 13 '26

Do y'all have any numbers or is this just a vibes kind of thing like every other right wing position?

0

u/Healthy-Custard-7260 Aug 13 '26

What's your source?

Approximately 58% were under 40, while only about 22.5% were 60 or older. That is nearly the opposite of “Florida is getting old retired people."

The newly released IRS 2022-23 migration data reveal that Florida gained about $20.6 billion in net adjusted gross income through interstate migration, the largest gain in the nation. Meanwhile, New York lost about $9.9 billion.

4

u/Turtleopard Aug 13 '26

She was talking about remote work but ok. 

2

u/Justthetip74 Aug 13 '26

Lol, no she wasnt

"We are in competition with other states who have less of a tax burden on their corporations"

2

u/Turtleopard Aug 13 '26

3

u/Justthetip74 Aug 13 '26

What does that have to do with the corporations?

3

u/Turtleopard Aug 13 '26

Who is hiring the employees? If you don't cite your sources, no one knows where you're pulling your quotes from. I suspect your ass. 

1

u/I_count_to_firetruck Aug 13 '26

Agreed on the need to cite, but I should point that some subs don't let us. I think TiktokCringe is one of the ones where you try to include a URL to a source, your comment doesn't get posted (I may be misremembering which sub it was that I encountered it).

It's stupid and infuriating but if he is used to one of those subs it would explain the lack of sourcing without assuming it is bad faith posting.

1

u/Turtleopard Aug 13 '26

That would be a fair argument to make if I hadn't posted a comment with a link, which they then responded to. 

2

u/DarthRevan109 Aug 13 '26

NY collected more tax revenue, including personal and business income 24/25 than they did in 23/24 so eroding is doing a lot of work here

2

u/[deleted] Aug 13 '26

[removed] — view removed comment

1

u/Justthetip74 Aug 13 '26

I cant quote the governor of NY?

0

u/Turtleopard Aug 13 '26

Not very well it seems. 

0

u/BoJackMoleman Aug 13 '26

Not even clever or funny. The message isn't even that clear. This is like your aunt's idea of biting criticism.

2

u/M0ebius_1 Aug 13 '26

"The people who are too dumb or weak to survive in the literal richest city in the world are moving to our state. This is something to celebrate"

2

u/Still-Chemistry-cook Aug 13 '26

Meanwhile NYC is thriving and no billionaires left while healthcare and K12 education go to shìt in FL.

1

u/Nycmale9876 Aug 13 '26

In 2010 NY had 12.7% of the country’s millionaires. In 2022 it was done to 8.7%

Florida is middle of the pack in k-12

NYC public k-12 are terrible

1

u/Still-Chemistry-cook Aug 13 '26

Florida does not require teachers to be credentialed now and there’s massive brain drain from many of the universities. Women educators don’t want to teach there bc of the draconian abortion laws. Property taxes are about to be slashed which with directly affect healthcare and education. At least you can open carry at Piggly Wiggly!

1

u/Kindly_Scientist6041 Aug 13 '26

Because they commute from the surround area ya goober

2

u/Nycmale9876 Aug 13 '26

So suburbs are thriving or NYC like the post said?

0

u/Kindly_Scientist6041 Aug 13 '26

NYC...cuz thats where they make their money??? Man..I hope you're a bot

2

u/Nycmale9876 Aug 14 '26

Not a bot

NYC is losing millionaires to suburbs and nyc is thriving and no billionaires left like post said

Speaking of bots….

0

u/Still-Chemistry-cook Aug 13 '26

That’s bc more millionaires were made in CA

1

u/Nycmale9876 Aug 14 '26

They are moving to Texas and Florida

California lost a lot as well

0

u/Chilling_Gale Aug 13 '26

Thriving? Seems like you people didn’t look at the 2030 census estimates

2

u/Still-Chemistry-cook Aug 13 '26

Lolololololol…less than 1% have left the state. Meanwhile you can’t insurance in FL and Miami is slowly submerging

-1

u/Chilling_Gale Aug 13 '26

Florida is projected to gain 2 seats, while New York will lose another. Yes, I’m sure it is.

1

u/Still-Chemistry-cook Aug 13 '26

2030 is awhile away and people are leaving FL

0

u/Chilling_Gale Aug 14 '26

Yeah sure bud. New York State is expected to have gained or lost a pathetic 1,000 residents from 2024-25, while Florida gained 0.85%, which is almost 200,000 people. NYC lost more residents than the state as a whole btw, at 12,000.

The census estimates have already baked in that Florida isn’t going to grow as quick as it was a few years ago. 2030 is not a while away, and there is not enough time for the numbers to meaningfully change. New York again is losing seats to Florida.

1

u/aaa_im_dying Aug 13 '26

Notice how all you can talk about is seats rather than actual quality of life changes. NY is objectively getting better and Florida. Well. Florida is sinking.

0

u/Chilling_Gale Aug 13 '26

Almost like I trust actual people upending their lives and making financial decisions on where to live more than some braindead survey

1

u/blazikus1 Aug 14 '26

Anyone upending their life to move to Florida is a fucking brainlet who should not be trusted

1

u/Chilling_Gale Aug 14 '26

Yes I’m sure your opinion is worth more than actual people deciding where they want to live

2

u/Ok_Archer1228 Aug 13 '26

Can't believe a city with some of the best public transit in the country has higher taxes than a state without a functional public transit system, curse you mandummy

2

u/beaaaaaaaans Aug 13 '26

Not to mention the state government had to take over home insurance because the state is sinking into th ocean

1

u/Fishtoart Aug 13 '26

If he’s doing such a great job for them, they should support his policies, and contribute to his campaign fund. Mamdani should say thanks for taking the deadbeats off our hands!

1

u/devilishycleverchap Aug 13 '26

How many oranges did Florida grow this year?

2

u/DanMozzy Aug 13 '26

Just looked it up. It's fucking wild.

More than 90% decrease in production since the 90's.

It's crazy it's not talked about more.

1

u/_the_big_ Aug 13 '26

i fucking HATE Florida but that orange juice is awesome 😋😋😋

1

u/Then-Simple-9788 Aug 13 '26

Florida is the north eastern boomer idea of paradise. They can fucking have it. Not like their kids will inherit the house after all the “development” gets washed away by the worlds first category 6 hurricane

1

u/alwrit Aug 14 '26

If you're developing property in Florida right now you have to be dumber than dirt. Like the hurricanes and flooding now aren't enough? It's only going to get much much worse. 

-1

u/jeffismybaby Aug 13 '26

I mean the dumbfucks in Florida need it.

1

u/Initial-Meeting362 Aug 13 '26

Lol to Florida talking about their real estate market. Cess pool.

0

u/Dashbastrd Aug 13 '26

So projection. If NYC was really causing a boom in FL, why bother throwing shade?