You're right, I'm saying I think it is a good tax for reasons secondary to revenue. We all know NYC is going to squander the money, at least they might make housing slightly cheaper for the average New Yorker in the process.

I am generally against more taxes, but the structure of this one is quite good in terms of the incentives. If wealthy people who only live in the city part-time stay in hotels instead of buying second homes, the net effect should be to increase the cost of hotel rooms and reduce the cost of owned-housing. NYC charges nearly 10% tax on hotel stays, so recoups some of the cost there. Having property in your city mostly being occupied by people who live their full time, particularly when property is already very expensive, seems like a good thing overall.

There being more $10+ billionaires doesn't make your life worse when you are earning 50% more on a real dollar basis than you would have been 50 years ago.

Any argument about how people don't pay enough attention since it isn't yet certified as a L4 system is irrelevant and tangential to the point.

That isn't what is happening at all.

In an IPO the underwriters and the company collaborate to set the price based on approximate demand and what they want the quality of the holders to look like.

In the roadshow, the company is very constrained as to what they can say or disclose outside of the scope of the S-1. They can't include MNPI, forward looking financial projections, etc. Underwriters are also prohibited from sharing MNPI, or publishing marketing disguised as research.

So I guess if you're saying the SpaceX S-1 is completely full of shit and there's hidden risk in it, than it could be similar to 2008, but in this case nobody is manufacturing a rating, and those material misrepresentations would constitute securities fraud. Investment banks and ratings agencies aren't the same thing at all, and the buyers of marginally profitable IPO stocks are (hopefully) different than those of AAA MBS.

In order for it to be securities fraud it has to be tied to a securities transaction and the misstatement has to be material to a reasonable investor's decision.

The goal of public companies is generally to generate profit for their investors.

In what way do cameras make life harder for regular people? If anything rampant crime (and progressive legal systems' unwillingness to lock up repeat offenders for a long time or at all) makes life much harder for regular people than a camera just sitting there.