But did he take Dagny Taggart with him?

Yeah, all the way to florida.

I grew up in Jersey, less than ten miles outside of Manhattan. This guy is JUST figuring out that NY taxes are insane? I am not rich, and I moved away 20 years ago. And even *I* knew then that NY had stupid taxes. I had friends that worked over in the city and had to pay Federal, NJ state, NY state and NY city income taxes. And, we over in Jersey always looked at NY and said "well, at least our sales tax isn't as high as NY."

Also, that 1% accumulates more than 70% of all the wealth, so, why aren't they paying 70% of the state's revenue?

Asa Phelps: Also, that 1% accumulates more than 70% of all the wealth, so, why aren't they paying 70% of the state's revenue?

yes and class warfare always works out well.

I'd much rather have the rich spend the money in the economy than pour it into the government's coffers. Spending money creates jobs...the government is inefficient and creates far fewer jobs.

Asa Phelps: Also, that 1% accumulates more than 70% of all the wealth, so, why aren't they paying 70% of the state's revenue?

If NY had a reasonable budget and tax rate, he could lower his taxes and pay 70% of the budget.

slayer199: Asa Phelps: Also, that 1% accumulates more than 70% of all the wealth, so, why aren't they paying 70% of the state's revenue?

yes and class warfare always works out well.

I'd much rather have the rich spend the money in the economy than pour it into the government's coffers. Spending money creates jobs...the government is inefficient and creates far fewer jobs.

Great. Now if you can find a way to get them to SPEND that money, you might have a cogent plan.

Trickle-down economics has failed. People who are rich don't spend their money as a general rule. That's one of the reasons they're still rich.

Oh, shiat. Just what Florida needs... more freakin' New Yawkers.

slayer199: Asa Phelps: Also, that 1% accumulates more than 70% of all the wealth, so, why aren't they paying 70% of the state's revenue?

yes and class warfare always works out well.

That old line just doesn't wash anymore. You're either retarded or completely brainwashed. You're a guard for the Old System. The extremely rich have depended on people like you to defend them from revolution. And you're just a poor schlep like us, but with a greater sense of entitlement.

From the economic chair at MIT in regards to trickle-down ecomomics:

Working people were told they should sign onto this craziness because the
economic benefits of supply-side tax policies would ultimately benefit everyone.
As every scheme imaginable was developed to bolster the fortunes of the rich,
ordinary people were left in the humiliating position of waiting for some of the
goodies to trickle down to them.

We've seen how it all worked out.

The way to look at the endless theoretical and intellectual posturing of
the right is to look at who actually does well when the so-called conservative
policies are implemented, and who doesn't. Inevitably it's the rich who benefit.

Oh, and although Robespierre was a complete dick and failure of a human being, the guillotine was very effective in ending French monarchy.

"Class warfare" was a term invented by rich douchebags.

s_mcdonald: We've seen how it all worked out.


They've got that covered though. Right here on FARK it's easy to find Republicans who swear Reagan was an economic genius and that it was his policies that created the boom Clinton presided over. It doesn't matter to them that when Bush II tried massive cuts for the rich that the economy again collapsed like a flan in the cupboard...

NY/NJ political axioms:

1. You make too much money.

2. You should give it to us.

3. We know who the right people are who deserve this money more than you do.

Whamdangler: I grew up in Jersey, less than ten miles outside of Manhattan. This guy is JUST figuring out that NY taxes are insane? I am not rich, and I moved away 20 years ago. And even *I* knew then that NY had stupid taxes. I had friends that worked over in the city and had to pay Federal, NJ state, NY state and NY city income taxes. And, we over in Jersey always looked at NY and said "well, at least our sales tax isn't as high as NY."

The city itself has an income tax? WTF? How much god damned money does it need??

ecmoRandomNumbers: That old line just doesn't wash anymore. You're either retarded or completely brainwashed. You're a guard for the Old System. The extremely rich have depended on people like you to defend them from revolution. And you're just a poor schlep like us, but with a greater sense of entitlement

So what do you think should be done to make the poor rich?

The government of New York State is atrocious. New York City is just as bad.

NY State legislature has the most arrogant, corrupt, and positively worthless legislators ever. They are famous for doing absolutely nothing.

/lives in NY

this is why supercapitalism doesn't work

People who are rich don't spend their money as a general rule.

As a general rule, rich people don't spend their money in the presence of people like you. Rather, they blow wads of it when they are around people of their own ilk.

As a twice bertender at a country club, they are mostly poor tippers. But as soon as someone lays down a $20 for a tip, you'd better believe it will be a tip-off and you'll walk home with a grand...at least. They all love to show-off their money and power. That is a fact.

DarthBrooks: 3. We know who the right people are who deserve this money more than you do.

you really think these people "deserve" to make that kind of money?
this is becoming an oligarchy.

Oh, and I'm like you, too. They don't spend money around me, either. Only when I got them blitzed.

clancifer [TotalFark] The city itself has an income tax? WTF? How much god damned money does it need??

Yeah, welcome to the future. When I lived in Michigan, the little fartbox town I worked in had a city income tax. It was sold to the taxpayers as a tax on the rich, as there would be a 100% refund if your income was below 7 (yes 7) figures. The one family in town that made that kind of money - moved away. The 'city' income tax is still there, and no, the refund is not the same. The term 'rich' apparently means 'anyone with a job' these days. Times is hard.

We just need to make is so there is no where for them to hide.

Sleeping Monkey: We just need to make is so there is no where for them to hide.

That's one way to have the super rich pay for the space program.

Hmm, maybe because that top 1% also accounts for more than 50% of state income? Oh, they account for more than that? Raise the taxes then, they are clearly too low.

Sleeping Monkey: We just need to make is so there is no where for them to hide.

GAT_00: Raise the taxes then, they are clearly too low.

And this will accomplish...what?

I'm sure this will be a reasoned, intelligent debate.

Dancin_In_Anson: And this will accomplish...what?

They aren't paying their way. Plus more income means increasing social programs, improving education and in general improving quality of life. Sounds like a win-win.

GAT_00: They aren't paying their way.

I hear this phrase frequently in threads such as this -- they aren't paying their way, they aren't paying their fair share -- please tell me what exactly that means. What is "their way" or "their fair share"

Please, I really want to know

GAT_00: They aren't paying their way

Please elaborate. What is the fair share of 1% of the population?

GAT_00: Plus more income means increasing social programs, improving education and in general improving quality of life.

So, the only problem with the programs that are already in place is that there isn't enough money to properly fund them.

This must be what a conversation among the zombies would sound like in one of those Rising of the Dead type movies:

"Who do the living think they are, hogging their tasty brains all to themselves?"

"Yeah, we should take their brains by force! We deserve them!"

"No one earns his brains. Anyone who tries to keep them from us is being selfish!"

"Yeah! Eat the brain-rich bastards! Leave them nowhere to hide! BRAAAAAIIINSS!"

GAT_00: Dancin_In_Anson: And this will accomplish...what?

They aren't paying their way. Plus more income means increasing social programs, improving education and in general improving quality of life. Sounds like a win-win.

You mean they aren't paying your way.

The guy in the article has a point, you know. And that's exactly why I moved away from California last year. I got like a 30% raise just by moving. It only takes so many years paying 9% state income tax before you realize that the money you work hard to earn isn't creating a utopia full of puppies and sunshine when the government takes it from you. All it does is fund further bloat and largess.

I was sick of paying other people's way, same as that guy. Good on him, I say.

FTA:

It was irresponsible and it may just prove to be counterproductive since the top 1% of earners account for about 50% of state revenue. We're the one who can-and will-leave.

Hmmm, interesting that there's no source attributed to that figure. Oh well, he must be right.

Also FTA:

New York City schools graduated 54% of high school students in 2007. Buffalo 47% and Rochester 45%.

Why? Perhaps it's because the New York State teachers union with its $114 million budget is always trying to convince Albany to spend more. Maybe it's because it's mandatory that all teachers pay union dues. Whatever the cause, when faced with potential cuts, the union and their allies have one response: increase taxes.

Translation: I have no idea how to fix this problem, so I'll throw out some numbers and blame a teacher's union.

Okay, those graduation numbers aren't very good, but what's the solution? How will cutting budget help at all? Oh right, because cutting taxes will always solve every problem that government faces.

What a f*cking waste of time.

Asshats like this guy are the reason things are so screwed up. If he paid his workers better he wouldn't have to biatch so much about taxes because the money would be going to a better place than his personal empire.

Good riddance to bad rubbish.

Yea, like he's really 'moving' to Florida. He'll call it home to save on taxes, but betters will put money on the fact that he's still in NY more often than FL.

ecmoRandomNumbers: "Class warfare" was a term invented by rich douchebags.



Not sure if he was rich. But he was a douchebag, and so are all his followers.

KaponoFor3: I hear this phrase frequently in threads such as this -- they aren't paying their way, they aren't paying their fair share -- please tell me what exactly that means. What is "their way" or "their fair share"

Please, I really want to know

"Fair Share" = X - Y (where X equals the amount of salary that the rich person makes, and Y equals the salary of the poster)

Sleeping Monkey: We just need to make is so there is no where for them to hide.

Right, because since we own their asses, we can stop them from changing citizenship.

Almost forgot:

ecmoRandomNumbers: Oh, and although Robespierre was a complete dick and failure of a human being, the guillotine was very effective in ending French monarchy.

Yeah, it only brought them the Reign of Terror, Napoleon's despotism and wars, and... the restoration of the monarchy.

I have to admit, I'm pretty much ready to give up on society and just focus on nothing but my own piece of the pie.

yeah, I'm being serious and not just snarky or anything. I really don't care anymore.

madmann: Great. Now if you can find a way to get them to SPEND that money, you might have a cogent plan.

Trickle-down economics has failed. People who are rich don't spend their money as a general rule. That's one of the reasons they're still rich.

That's one of the stupidest things I've heard on fark.... do you think they stuff their money in a mattress?

Anyplace else and guess what? It's in the economy working.

Name me a place where rich people hoard their money and it isn't in the economy.....

Mordant: I have to admit, I'm pretty much ready to give up on society and just focus on nothing but my own piece of the pie.

This is a good thing.

Mordant: I have to admit, I'm pretty much ready to give up on society and just focus on nothing but my own piece of the pie.

Society is not going to enlarge your piece of the pie for you -- gotta do it yourself.

You cannot, I repeat, CANNOT rely on the government to save you or to provide for you. Ask the people of New Orleans. The only people you can really rely on during hard times are your friends and close family. Everyone else is out to get theirs (and rightfully so).

real shaman: Name me a place where rich people hoard their money and it isn't in the economy.....

Saudi Arabia?

this is how government views your income.

I've got plenty, so I guess it's just a matter of keeping it until things break down altogether. That probably won't happen in the remainder of my lifetime.

Bek: real shaman: Name me a place where rich people hoard their money and it isn't in the economy.....

Saudi Arabia?

yeah.... those Saudi banks are real popular.....

and before someone throws out the Swiss banks as a place of refuge.... does anyone really think that banks have really farkin big repositories where they hoard cash?

real shaman: yeah.... those Saudi banks are real popular.....

You missed my point, but never mind.

real shaman: this is how government views your income.

Pray I do not eat it further.

slayer199: I'd much rather have the rich spend the money in the economy than pour it into the government's coffers. Spending money creates jobs...the government is inefficient and creates far fewer jobs.

You keep asserting that trickle down economics works and it still doesn't suddenly become true.

And by leaving he means changing his residency address.