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Mon Jan 18, 2021, 02:12 PM

Cuomo tries to buy Pfizer vaccine for NY

According to CNN:

"Cuomo said he also sent a letter to the President of Pfizer asking if New York can buy vaccine doses directly from the drug company, which Cuomo believes would be a first. “My job as governor of New York is to pursue every avenue and that’s what I am doing,” Cuomo said."


Well, that's exactly what we don't need. Rich states outbidding the poorer states and grabbing up all available doses of vaccine so people living in poorer states can't get access.

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Response to pinkstarburst (Original post)

Mon Jan 18, 2021, 02:15 PM

1. Well, one can't be sure, but I would think that if a state couldn't afford the vaccines, that

Cuomo would try and help that other state get vaccines too. Isn't this the kind of person he is?

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Response to SWBTATTReg (Reply #1)

Mon Jan 18, 2021, 02:23 PM

2. Dunno. Seems to me like if we get

all 50 states+DC+PR in a bidding war for the vaccine with Pfizer, are we going to get it distributed fairly, or is it going to be the richer states get the most and take care of their populations first and anything "leftover" they'll be happy to pass around? That didn't go so well when it was people fighting over PPE.

Seems like it would be better to have it go through the Biden administration who can better make it equitable.

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Response to pinkstarburst (Reply #2)

Mon Jan 18, 2021, 02:46 PM

5. What makes you think NY is one of the "richer" states?

Do you have any evidence for that claim?

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Response to lapucelle (Reply #5)

Mon Jan 18, 2021, 03:04 PM

7. From Statista


State Tax revenue in billion U.S. dollars
California 188.24
New York 91.62
Texas 63.33
Florida 44.8

Given the fact that Florida has a population of around 2 million more than New York, the per capita dollars are 2.2 higher.
Also, per census.gov, they are 17th in per household income.
So, second in tax revenues and top 1/3rd in income per household.

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Response to ProfessorGAC (Reply #7)

Mon Jan 18, 2021, 03:16 PM

8. Those figures are incomplete. Where are expenditures?

I don't think that the per capita average income of citizens of a state is a particularly cogent measure of a state government's revenue versus its expenditures, i.e. its "wealth".

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Response to lapucelle (Reply #8)


Response to SWBTATTReg (Reply #1)

Mon Jan 18, 2021, 02:54 PM

6. I'm not even sure if New York can afford the vaccines for the residents

New York took a real beating from the pandemic. Cuomo desperately needs some state aid in the next stimulus package or we will have a huge deficit.

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Response to pinkstarburst (Original post)

Mon Jan 18, 2021, 02:34 PM

3. Trump and his minons have been trying to

punish NY and other blue states by witholding fair amounts of vaccine and PPE.

Cuomo said he sent a letter to HHS Secretary Alex Azar Monday demanding an explanation for what he said was a false claim that vaccine doses held in reserves would be shipped to states. “The federal government is in control of the supply, they must increase the supply,” Cuomo said.

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Response to pinkstarburst (Original post)

Mon Jan 18, 2021, 02:38 PM

4. What criteria/data are you using in your assessment that New York is a "rich" state?

Here's some pre-pandemic information.



https://howmuch.net/articles/stacking-up-each-state-government-finances

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Here's some post-pandemic reality:

New York Faces $59 Billion Revenue Shortfall
Gov. Cuomo says services will be cut and taxes will increase if Congress doesn’t pass another relief package


ALBANY, N.Y.—New York governments and authorities are projecting $59 billion of revenue shortfalls through 2022 because of the continuing coronavirus crisis, one of the deepest funding holes of any state.

Gov. Andrew Cuomo, a Democrat, said services will be cut and taxes will increase if Congress doesn’t pass another relief package—which Democrats say should include direct aid to states and cities hit by the pandemic. Mr. Cuomo said recently that he will postpone decisions in the hope that Democrats make gains on Election Day Nov. 3.

New York reported more than 32,000 deaths due to the coronavirus, and the pandemic decimated public finances. New York’s state government lost an estimated $14 billion in the current fiscal year and $16 billion in the coming fiscal year. Transportation authorities around New York City expect to take in $15 billion less revenue due to drops in subway, train and air passengers. And New York City and other local governments will be grappling with $13.5 billion in shortfalls over the next two years, Mr. Cuomo’s office estimates.

While governments across the country are feeling the hit from the virus, the situation in New York is worse than other places. Moody’s Investors Service is forecasting the fiscal shock to the state government will be $29 billion through the end of the 2022 fiscal year. That is 1.9% of gross state product, which is above the national average, said Moody’s economist Emily Mandel.


https://www.wsj.com/articles/new-york-faces-59-billion-revenue-shortfall-11603198313

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Here's NYS compared to the rest of the country in terms of what it contributes to federal revenue through taxes:

New York Continues to Send More Federal Tax Dollars to Washington Than It Gets in Return
State Ranks 50th in Total Balance of Payments; Received Only 90 Cents on Every Dollar Paid to Washington

January 14, 2020

New York paid $26.6 billion more in taxes to the federal government in federal fiscal year (FFY) 2018 than it got back in federal spending, ranking it last among the states, according to a report released today by State Comptroller Thomas P. DiNapoli.

“For every dollar New York generates in tax receipts it receives 90 cents back in federal spending, compared to the national average of $1.21,” DiNapoli said. “We’re already getting less from Washington than what we give, which makes the upcoming 2020 Census so critical. New York must do all it can to ensure a complete and accurate count of its residents to maximize our population count, which impacts our federal aid and representation in Congress.”

https://www.osc.state.ny.us/press/releases/2020/01/new-york-continues-send-more-federal-tax-dollars-washington-it-gets-return

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Response to pinkstarburst (Original post)

Mon Jan 18, 2021, 03:24 PM

9. Because we send so much money to the Federal government to subsidize poor red states, I really

don't think it's rational to be calling New York a rich state.

We pay enough for others. When another state contributes to our well being, I'll feel bad about this. As long as we are paying out for the well being of others, I won't.

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