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PostPosted: Tue Feb 05, 2019 9:26 am 
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Freaking halarious. And these morons act surprised that this is happening?

NY State Tax revenue plummeting. Wealthy residents fleeing to Florida.

https://finance.yahoo.com/news/cuomo-bl ... 01569.html

Quote:
New York collected $2.3 billion less income-tax revenue than predicted for December and January, a development that Governor Andrew Cuomo blamed on wealthy residents leaving for second homes in Florida...

There is no doubt that the budget we put forward is not supported by the revenue,” the Democratic governor said during a news conference in Albany. “If even a small number of high-income taxpayers leave, it has a great effect on this tax base. You are relying on a very small number of people for the vast amount of your tax dollars..

Ah... maybe that was not a smart move, you think???

Tax the rich, tax the rich, tax the rich -- and then the rich leave. And then what do you do?” he asked.


LOL, idiots.


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PostPosted: Tue Feb 05, 2019 10:19 am 
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Part of the problem is the Federal government is no longer letting NY residents deduct their state and local taxes. Federal taxpayers in other states were essentially bankrolling high tax states like Cuomo's. One of my favorite policies of President Trump.

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PostPosted: Tue Feb 05, 2019 11:32 am 
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I'm Laughing.
And what do these progressives think will happen when they jack up the Taxes to 70% or 90% on the rich?

The golden goose stops laying the golden eggs- and starts laying eggs full of poop. They take the money and go away. The 1% are not even limited by international borders- they will move the money wherever they need to - clear out of New York and their reach.

We are talking about an elite class of people- these are the investment class.
Occasional Cortex thinks that these people will simply just allow the government to steal their wealth and they won't do anything about it. They will take extreme measures to protect their wealth, and I can't blame them a bit.

And the progressive governor of New York says "God forbid the rich leave our state"...
Damn right - the rich are the only reason why New York is not totally bankrupt!

And what will happen to future investment in businesses, in real estate, in creative innovation and research?
If the progressives TAX estates at 70%, will any family farm ever be passed down to the next generation?

The left just doesn't have the brain cells to think their ideas through- the stupid ideas will not work!

These are pure poisonous ideas- and they would destroy the American Dream, destroy prosperity, destroy property rights!
This is why the framers were very concerned that Americans be able to keep what they earn- it's a foundational principle that our economic system was based upon. It's what led to the greatest prosperity on earth. Only socialist ideas will destroy it.

And when the rich move out and leave the rest holding the bag for that massive New York state budget- how will they pay the bills?

Equality is great- but an equal share of ZERO is still zero, but it's equal!

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Socialism is a philosophy of failure, the creed of ignorance, and the Gospel of envy. Its inherent virtue is the distribution of equal misery Churchill

https://fcpp.org/2009/01/16/atlas-shrug ... -52-years/

Government is not the solution to our problem, Government is the problem
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PostPosted: Sat Feb 09, 2019 6:08 pm 
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Very good synopsis. It still amazes me how this wealth envy keeps growing, thanks to the Ocassios, Sanders and Warrens of the world.

High Tax rates are not the answer. Simplify the tax code and eliminate loopholes, and let the economy grow.

Encourage risk-taking entrepreneurs to earn as much as they can, instead of punishing them when only 1/100 of them are ultimately successful anyway.

In other words:
Why should we tax the winners and redistribute the cash to the baggage handlers and sports gamblers? :lol:

end of subject. mods close the thread.


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PostPosted: Sun Feb 10, 2019 1:00 pm 
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:lol:


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PostPosted: Thu Feb 21, 2019 1:48 pm 
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BearMtnHIB wrote:
I'm Laughing.
And what do these progressives think will happen when they jack up the Taxes to 70% or 90% on the rich?



The same thing that happens everytime in human history when an economy goes from Trickle down to Bottom-Up economics.. The middle class thrives

And last time I checked, You are lower middle class

Its called History, look into it. Giving Billionaires trillion dollar tax breaks will never help 99.9% of us


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