They were chanting "Tax the rich! Tax the rich!"
I would imagine that any New Yorker with more than two bucks in their pocket is planning on leaving the city after the election. I sure would. I'd be out of there like a shot.
Tax the rich schemes never seem to work out very well because them dirty rotten rich people up and move.
I have also heard Mandami talking about imposing taxes based on minority status. Whites would pay more. That won't see the light of day. It'll be thrown out in federal court as it should be. In fact it won't be mentioned again because of that.
Norway tried a tax the rich scheme and instantly tax revenues dropped. The rich took their money elsewhere.
A lot of people don't even know what the rich are. They seem to think that they are people with huge vaults full of cask like Scrooge McDuck. It ain't that way.
The rich are rich because they own assets like stock, bonds and real estate. Their net worth can fluctuate.
The ignorant screech things like So and So just made another million bucks today! Tax him!
Fact is his net worth went up a million bucks because his stocks, bonds or real estate grew in value when in real world money he hasn't seen a dime. If you tried to tax the person they'd probably have to sell the asset to raise the necessary cash. The increase in net worth is theoretical and as such means little or nothing. These things don't become income until they're sold.
Little people do thing like this, too. When you buy a house and the value rises you don't pay taxes on the difference until you sell it.
Taxing the rich is probably a pretty good way to have tax revenues go DOWN.
The free $hit army never learns. The commies use this ignorance to pad their own pockets and become rich on the backs of their downtrodden supporters. The cycle repeats itself over and over and the dopes never get the message.
ReplyDeleteYup. Bribed with their own money.
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