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(1010WINS)   New York discovers that if you tax the hell out of the rich, they will use their money to move to someplace that doesn't   (1010wins.com) divider line 330
    More: Obvious, state budgets, New-York, business taxes, deep pockets, Buffalo Sabres, Albany, state income taxes, Donald Trump  
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16230 clicks; posted to Main » on 24 Sep 2009 at 2:20 AM   |  Favorite    |   share:  Share on Twitter share via Email Share on Facebook   more»



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2009-09-24 04:41:33 AM
superdude72: Oh, come on. Rush Limbaugh spends more every week on hookers, Viagra, and Oxycontin than the average person earns in a lifetime. Do you seriously think he's going to move to Philadelphia over some piddling difference in the state income tax?

/facepalm
 
2009-09-24 04:44:53 AM
CujoQuarrel: The only 'rich' people I know started their own companie worked obscene hours and risked having nothing if it failed.

Well, that's odd... because all the rich people I know are only rich because daddy was rich, and his daddy before them. Then when they were of age they were given easy jobs where they never had to break a sweat, lift a finger, or even actually physically show up to work. They've never actually worked a day in lives, but they all act like smug little prodigies who clawed their way to the stop.

And somehow they have people, like you, on the internet who would suck their balls given the chance. People like you who defend them to no end. Why is that? What do you get out of it? Do you just like the taste of rich people's asses?

It's not out of some misguided sense of fairness, because even small children know that if you have much, much more than you will ever need in your life time, then the right thing to do is share just a little with others who have none at all.
Why is that so hard for you to handle?

What is it about fairness that just pisses you off so bad?
 
2009-09-24 04:51:45 AM
Gato Negro: Prediction: Fark's liberals won't be able to understand this.

therefore, taxcuts for the rich.
and tax the poor - because St. Reagan proved that "tinkle-down" economics work so well.
 
2009-09-24 04:54:13 AM
Cyrus982: Stridar: The only people I've ever heard parrot this sentiment are those who have never accomplished anything in their lives.

It doesn't matter who says it. Whether you like it or not, it's still 100% true.

We're all in this together.


What exactly is keeping you from earning a decent wage? You want the money of the rich why? You're the one that sounds greedy.

You seem to find it objectionable that the rich would make their money "off the backs of the poor," but you have no problem demanding a turning of the table. No matter how the rich person made that money.

And while not everyone in this country will be rich I can assure you if you limit your sight to the bottom hoping for a handout, that's where you'll remain.

And I'm sorry, but at some point government might need to find the limits of their spending, and not demand more and more.
 
2009-09-24 04:54:26 AM
zz9: There are plenty of stories of people with absolutely nothing, penniless immigrants, starting their own business and becoming rich.

Tell me one then. Tell me how you become mega rich when you have zero dollars to start off with. I'd like to know the secret.
 
2009-09-24 04:55:43 AM
Cyrus982: CujoQuarrel: The only 'rich' people I know started their own companie worked obscene hours and risked having nothing if it failed.

Well, that's odd... because all the rich people I know are only rich because daddy was rich, and his daddy before them.


Shows us which social circles you run in. Why don't you ask one of those rich people you know to give you a decent job so you can shut the fark up.
 
2009-09-24 04:57:32 AM
Cyrus982: Well, that's odd... because all the rich people I know are only rich because daddy was rich, and his daddy before them.

dude, you need to get out more.
Link (new window)

Cyrus982: It's not out of some misguided sense of fairness, because even small children know that if you have much, much more than you will ever need in your life time, then the right thing to do is share just a little with others who have none at all.

Here is the top 10 on The Giving Back Fund's list of most generous celebrities (all figures in US dollars):
1. Oprah Winfrey, $50.2 million.
"The Oprah Winfrey Foundation and Oprah's Angel Network: education, health care, and advocacy for women and children worldwide"
2. Herb Alpert, $13 million.
"The Herb Alpert Foundation: music education, including the UCLA Herb Alpert School of Music"
3. Barbra Streisand, $11 million.
"The Streisand Foundation: the environment, women's issues, civil rights, AIDS research and advocacy"
4. Paul Newman, $10 million.
"Scholarship for Kenyon College, his alma mater, in Gambier, Ohio."
5. Mel Gibson, $9.9 million.
"Holy Family Church in Malibu, Calif."
6. Angelina Jolie and Brad Pitt, $8.4 million.
"The Jolie-Pitt Foundation: New Orleans reconstruction, refugee aid, cross-cultural understanding"
7. Lance Armstrong, $5 million.
"The Lance Armstrong Foundation: cancer research, education and advocacy"
8. Michael Jordan, $5 million.
"Hales Franciscan High School, a historically black all-boys school in Chicago "
9. Eric Lindros, $5 million.
"London Health Sciences Centre, a Canadian hospital where the former hockey player was treated"
10. Rush Limbaugh, $4.2 million.
"Financial assistance to the children of Marines and law-enforcement officers killed in the line of duty."

/just a quick Google search resolved all your worries.
//yes, you do sound bitter.
 
2009-09-24 05:00:55 AM
Cyrus982: zz9: There are plenty of stories of people with absolutely nothing, penniless immigrants, starting their own business and becoming rich.

Tell me one then. Tell me how you become mega rich when you have zero dollars to start off with. I'd like to know the secret.


Find a need and fill it. You're welcome.
 
2009-09-24 05:01:05 AM
pedobearapproved: You seem to find it objectionable that the rich would make their money "off the backs of the poor," but you have no problem demanding a turning of the table.

Here we go again, feeling bad for the rich. If someone makes 10 mil. in a year and you take 80%, they still have enough to live the rest of their lives totally worry free.

I'm not saying we should tax anyone that much, even the rich, but even if we did they would still live privledged lives of luxary.

I wish I could be as "unfortunate" as that. I wish the only unfairness in my life was just that I had to give a little bit of my vast fortune to people who had none.
 
2009-09-24 05:04:19 AM
LegalizeThoughtCrime: Gato Negro: Prediction: Fark's liberals won't be able to understand this.

therefore, taxcuts for the rich.
and tax the poor - because St. Reagan proved that "tinkle-down" economics work so well.


yup they don't understand, that was a poorly thought out ad hominem attack

point 1: poor people don't pay taxes

point 2: the government should live within its means, it shouldn't be taxing anyone more

point 3: if rich people make more money, they have more to spend (usually a reinvestment, to make themselves more money) that helps the economy. If you drive them away with higher state taxes, they will obviously spend less of their money in that state and contribute less taxes

point 4: if they make more money they pay more taxes at any rate. (50% of $2 million is more than 50% of $1.5 million)
 
2009-09-24 05:05:02 AM
Gato Negro

Prediction: Fark's liberals won't be able to understand this.

Some people can't see the world as anything more complex than simplified generalizations "tax rich = good", and suggesting to them that it's possible that the good thing you are doing might have unintended negative consequences will fly right over their head.

Wise people can see that the world is more complex than simple generalizations, and would likely realize that if taxes are so high it drives wealth away, it has gone too far.

I would agree that on Fark--on just about anywhere, in fact--the former are a lot more common than the latter.
 
2009-09-24 05:09:09 AM
medius: ...or it could be Oak Pond Brewing.

I prefer to think you're drinking pussy beer.fark it, think that. But, yeah... Err... See my profile if you want, I live in Maine. Damn, it's a fine beer. I get it by the half gallon typically and I don't think I've yet to buy a single half gallon.

Try the nut brown ale if you're ever in the area.

(I'm not sure about the rules for shipping alcohol of, in case you can't tell or don't care I'm actually a rarity and a person of my word.) If you can not and if it is legal and you certainly can not then, hell... EIP - this is not "pussy" anything but it is delightful to the point where you'll think you are gay and are prancing around extolling the merits of OPB.

In exchange for beer, I'd like pics.

(To ensure that the proper product goes to the proper place, assuming we're not going to jail for this, I may ask in the thread for more information to confirm it is you prior to shipping. And no, the last thing I want is your identity, you're a farking farker for fark's sake.)

Err... But yeah, try it... Loon is good too.
 
2009-09-24 05:10:09 AM
Alf_Garnett: NewportBarGuy: Gato Negro: Prediction: Fark's liberals won't be able to understand this.

Prediction: You'll try to compare this to the federal tax rate which covers you no matter where the f*ck you live. You'll confuse state taxes with federal taxes and pretend you have any idea what you are talking about.

Furthermore, you'll try to force a Mugabe comparison to Obama somehow.

I'll save him the trouble. They're both black. They're both communists. They both tried screwing the rich and acted surprised when their countries' economies went to hell.


That's Racist!!! (somebody help me out with the animated image, can't find it)
 
2009-09-24 05:13:33 AM
"...the key to great riches is choosing wealthy parents or grandparents. Two-thirds of those on the Forbes list, according to Collins, started with at least some substantial start-up capital, and 42 percent inherited enough wealth (Born on Home Plate) to rank in the 400 at birth."

http://www.albionmonitor.com/9712a/forbes400.html
 
2009-09-24 05:15:47 AM
Cyrus982: CujoQuarrel: What did you do that made him rich?

You're joking, right? Do you actually think there's any such thing as a "self-made man". No one can just walk into the woods alone and come out a millionaire. You need people working for you, and buying the shiat you're selling. Every millionaire is only rich because a million regular people helped him get that way.


So, a man put his own money and financial future on the line, provided jobs for people that wanted them, and produced a product that people demanded ...

You're right, Fark him for taking the risk and wanting something out of it. Greedy bastard should give all that money back to the people that bought his products (willingly) and worked for him (willing).

Nothing, I repeat NOTHING, is forcing you to go work for someone at a wage they dictate. Go start your own business, build that b**ch up from the ground up, spend the first few years on the tightrope to financial ruin as the business struggles to get off the ground. With hard work and dedication, you MIGHT get lucky and be one of the few that succeed.

At that point, sit back, relax, then give me all your stolen rich person money you greedy jerk!

Robert
 
2009-09-24 05:16:52 AM
medius: ...or it could be Oak Pond Brewing.

I prefer to think you're drinking pussy beer.


Oh, and I shiat you not, I was stuck at "corners."

I'd say you suck, which you do (asshole), but I'm pretty sure that that was all me. I sat here for a good five minutes or so, seemingly (it was not timed) and thought about it. In hindsight I wish to strike from the record any and all references to the colloquialism known as "corner of the globe" simply to protect the innocent or deranged drunks.

Also, please, pardon my lack of HTML skills it seems. I'm not sure what I missed but it was probably a bracket and the letter 'i.' For an asshole, you're lovely. I'm not gay so you can't take me to bed but you're still lovely.

Seriously, like a good five minutes of sitting here drooling on myself and mouth-breathing.
 
2009-09-24 05:20:37 AM
taintedink.com
 
2009-09-24 05:21:57 AM
aerojockey: Gato Negro

Prediction: Fark's liberals won't be able to understand this.

Some people can't see the world as anything more complex than simplified generalizations "tax rich = good", and suggesting to them that it's possible that the good thing you are doing might have unintended negative consequences will fly right over their head.

Wise people can see that the world is more complex than simple generalizations, and would likely realize that if taxes are so high it drives wealth away, it has gone too far.

I would agree that on Fark--on just about anywhere, in fact--the former are a lot more common than the latter.


right, so the answer is balance. of course you can't just tax the rich 100 percent tomorrow... on the same hand you can't just set everything to "free market" and see what happens.
 
2009-09-24 05:22:16 AM
Cyrus982: pedobearapproved: You seem to find it objectionable that the rich would make their money "off the backs of the poor," but you have no problem demanding a turning of the table.

Here we go again, feeling bad for the rich. If someone makes 10 mil. in a year and you take 80%, they still have enough to live the rest of their lives totally worry free.

I'm not saying we should tax anyone that much, even the rich, but even if we did they would still live privledged lives of luxary.

I wish I could be as "unfortunate" as that. I wish the only unfairness in my life was just that I had to give a little bit of my vast fortune to people who had none.


You sound bitter and jealous.

And you act as if the goverment is in someway good at spending money. Have you not heard of pork projects? Did you not see pork spending in the stimulus bill? For an economic situation that was supposed to have us up against the ropes our congress showed the responsiblity of 21 year old with their parents credit card.

Things the government should do before asking for more money. Get rid of the waste, define what should be and should not be governments responsibility, and think of ways to make what it does more effecient. If all those things are done and you still need money come see me.
 
2009-09-24 05:28:32 AM
Cyrus982: zz9: There are plenty of stories of people with absolutely nothing, penniless immigrants, starting their own business and becoming rich.

Tell me one then. Tell me how you become mega rich when you have zero dollars to start off with. I'd like to know the secret.


Have zero dollars = credit. You just have to find someone willing to loan it to you.
 
2009-09-24 05:31:00 AM
CujoQuarrel:
The only 'rich' people I know started their own companie worked obscene hours and risked having nothing if it failed. Why do you think you are entitled to their hard work? What have you done to deserve it?


Heh, all the rich people I know got that way because they picked their parents well, and their parents picked their parents well. The hard working ones were several generations back.

You know what though, when you die, everything you own turns to shiat and darkness. Others may make out with it but for you yourself, choking gasping void then lights out.

/prefers happiness to money. It's all illusion, Daddy Warbucks. All of it, even the money.
 
2009-09-24 05:31:59 AM
Gato Negro: Prediction: Fark's liberals won't be able to understand this.

Prediction: Fark's right-wingers won't seem to understand the historical perspective of what 99.9% of all humans lived like back before a the wealth was shared, and that unchecked laissez-faire capitalism would eventually lead to a concentrated few individuals hoarding nearly all the wealth. They also won't consider that today's upper quartile still lives life more opulently than any monarch could dream to live in history even with the steep tax rate.

/Capitalism in check FTW
//And yes, work to eliminate govt. corruption and wasteful spending
 
2009-09-24 05:38:40 AM
Cyrus982: "...the key to great riches is choosing wealthy parents or grandparents. Two-thirds of those on the Forbes list, according to Collins, started with at least some substantial start-up capital, and 42 percent inherited enough wealth (Born on Home Plate) to rank in the 400 at birth."

http://www.albionmonitor.com/9712a/forbes400.html


Nice article written in Dec 1997, and SO WHAT? 2/3rds of the 400 richest people (at the time having over $417 MILLION) were born into wealth. Should their parents have shat on it and flushed it down the toilet? If you had 100 million dollars would you give it to your child or will it to Uncle Sam?

It also means that 133 people on that list made over $417 million in their lifetime. That's a damn good haul. And that list is only the super rich.

Finally that article isn't taking a cross section of what the government defines as rich, only the people on the forbes 400 in 1997 (maybe 1996).
 
2009-09-24 05:39:31 AM
If you push all the rich people out of the country then the Liberals won't be able to tax them to death to pay for programs that don't work and cost ten times what they said it would cost.
 
2009-09-24 05:41:04 AM
farbles: CujoQuarrel:
The only 'rich' people I know started their own companie worked obscene hours and risked having nothing if it failed. Why do you think you are entitled to their hard work? What have you done to deserve it?

Heh, all the rich people I know got that way because they picked their parents well, and their parents picked their parents well. The hard working ones were several generations back.

You know what though, when you die, everything you own turns to shiat and darkness. Others may make out with it but for you yourself, choking gasping void then lights out.

/prefers happiness to money. It's all illusion, Daddy Warbucks. All of it, even the money.


theinfosphere.org
 
zz9
2009-09-24 05:48:30 AM
Cyrus982: zz9: There are plenty of stories of people with absolutely nothing, penniless immigrants, starting their own business and becoming rich.

Tell me one then. Tell me how you become mega rich when you have zero dollars to start off with. I'd like to know the secret.


Aristottle Onassis moved to Argentina with $60 in 1923 ( $700 today ) and did all right.

Richard Branson started his business while at school, though he did get a loan from a relative years later but at that point he was already doing quite well.

Andrew Carnegie made a few bucks.

And three from the UK that I know of:

Duncan Bannatyne

Theo Paphitis

Alan Sugar

All started their businesses with a sum of money that anyone could earn washing dishes or waiting tables.

Show me anyone that literally has "zero dollars".
 
2009-09-24 05:49:33 AM
pedobearapproved:

You rock, dude. You rock so hard.

/thanks for the belly laugh.
 
2009-09-24 05:51:02 AM
Disprove Earth has 4 days in one rotation:

Proof by definition:
definition:
earth day = 1 rotation about its axis

1,000 dollars please:)
 
2009-09-24 05:52:28 AM
Seigneur: If you push all the rich people out of the country then the Liberals won't be able to tax them to death to pay for programs that don't work and cost ten times what they said it would cost.

like the war?
 
2009-09-24 05:53:55 AM
mxwjs: Seigneur: If you push all the rich people out of the country then the Liberals won't be able to tax them to death to pay for programs that don't work and cost ten times what they said it would cost.

like the war?


Like Medicare, Social Security and hundreds of programs not specifically authorized by the U.S. Constitution.
 
2009-09-24 05:55:01 AM
No matter how the rich get taxed they will find a way to pay as little as possible.

I worked a for a woman who was divorced from a billionaire. She had a team a tax lawyers and accountants to do her finances. Through the magic of tax laws, tax shelters & deductions she still paid a lot of taxes compared to the average Joe/Josephine.

Tax season I was always sending out dozens of returns for this business venture, that trust fund, etc. And she was always having to deal with an audit at some point each year. But, she had her team of professionals managing to fight the IRS off. I could never figure out how much she made a year, but I had a strong suspicion she paid a lot less percentage wise than I did being her assistant.

Oh, then I have a friend whose partner came from an old banking family. Talk about old money. His family started a bank, for the extremely rich a few years ago. Basically, you have to have at least $500,000 cash to open an account. You know there is some shenanigans going on for the rich in that bank to avoid paying as little for taxes as possible.

So my point is, the more you tax the super rich, the more they will find loopholes to pay as little taxes as possible. They live in a different world with different rules than us. The only people who get screwed in the end are the middle class. So go ahead defend or support the rich for giving them higher taxes, in the end they have the thing that we the average Farker don't have....Lots & lots & lots of money to hirer people to avoid paying their fair share of taxes.

/my 2 cents.
//after taxes my 1 cent.
 
2009-09-24 05:55:55 AM
Seigneur: mxwjs: Seigneur: If you push all the rich people out of the country then the Liberals won't be able to tax them to death to pay for programs that don't work and cost ten times what they said it would cost.

like the war?

Like Medicare, Social Security and hundreds of programs not specifically authorized by the U.S. Constitution.


like the internet?
 
2009-09-24 06:11:49 AM
mxwjs: Seigneur: If you push all the rich people out of the country then the Liberals won't be able to tax them to death to pay for programs that don't work and cost ten times what they said it would cost.

like the war?


The war? Is that all you can come up with?

Besides all the bailouts that went on this year, how about we recap some of the best of the worst government waste of taxpayer dollars (link is at bottom of article for the entire list):

Search for Outer Space Aliens - California ($9.4 million)

Some examples of federal spending are truly out of this world, and $9.4 million in grants to the SETI Institute in California is no exception. The SETI (Search for Extra Terrestrial Intelligence) Institute is devoted to searching for life in outer space, but has not had any luck yet. One member of Congress was able to secure $1.6 million from the budget of the Defense Department for this effort. Commenting several years ago on public investments for SETI, John Pike of the Federation of American Scientists remarked, "I think most people think there are aliens out there. With the limitations in space and time I don't think we'll ever see any of them. But communicating with them is another matter. It's awfully expensive and difficult to try to send a human being through space, but sending radio signals, that's cheap."

Voicemail for the Homeless - Ohio ($15,000)

While the homeless in Summit County struggle to find food, shelter and clothing, this Ohio community made sure they were not lacking in one essential service: voice mail. A $1 million Community Development Block Grant (CDBG) will carve out $15,000 for the free voice mail service. Interestingly, the community spent only $10,000 of the same CDBG grant on transitional housing for "homeless single parents."

Training Classes for Casino Workers - Kansas ($784,000)

Good casino workers are hard to find in the Kansas City area, according to the Departments of Labor and Education. Both federal departments teamed up this year and gave $784,000 in grants to the Kansas City Kansas Community College for a new training program geared to assist workers that may seek employment in a nearby planned casino. Casino owners are not taking any chances when it comes to getting the government to pay for their workers' training. "Every casino operator has talked to us about this," said Lori Trumbo, dean of business and continuing education at the community college. "They are going to need these employees, and they're going to need them to be well?trained."

Inflatable Alligator and Under?the?Sea Waterslide - Texas ($367,000)

A preliminary report by the Texas Education Agency, released this past April, found that $367,000 in federal funds were misspent by the Cleburne school district. Audit officials became suspicious when, "The district did not provide lesson plans or other documentation to show how rental of an inflatable alligator and an under?the?sea water slide supported reading instruction."

Tennis Courts and Artificial Baseball Field Turf - New York ($1 million)

In 2000, the Frank M. Charles Memorial Park received a federal grant of $1 million to upgrade its deteriorating facilities, but according to Dorothy McCloskey, president of the park's oversight committee, "the money was wasted." The problem, she insisted, was the park management's "notorious inability" to perform routine maintenance, leaving the tennis courts and baseball fields in a state of disrepair. Taxpayers chipped in an additional $1 million grant this year to repair the tennis courts and to provide artificial turf for a baseball field.28 There is hope that this time will be different, "I'm not willing to see another million dollars wasted," McCloskey said.

Cleveland Botanical Garden Green Corps - Ohio ($517,000)

Fifty?five teenagers are learning to plant vegetables and do landscaping through the Cleveland Botanical Garden's "Green Corps," a work?study program that teaches teens to make salsa. A grant of $517,000 - or more than $9,400 per student - was directed to the Green Corps out of juvenile justice programs at the Department of Justice.30 Students are instructed how to use the vegetables they grow to bottle and sell "Ripe from Downtown® salsa and vinaigrette."31 Geri Unger, director of the program, noted the impact it is having on teens, "For many, this is the first time they've eaten vegetables they actually see growing."

(Opens PDF) If you have a few hours read some more, it's really good.
(new window)
 
2009-09-24 06:19:13 AM
Cyrus982: CujoQuarrel: The only 'rich' people I know started their own companie worked obscene hours and risked having nothing if it failed.

Well, that's odd... because all the rich people I know are only rich because daddy was rich, and his daddy before them. Then when they were of age they were given easy jobs where they never had to break a sweat, lift a finger, or even actually physically show up to work. They've never actually worked a day in lives, but they all act like smug little prodigies who clawed their way to the stop.

And somehow they have people, like you, on the internet who would suck their balls given the chance. People like you who defend them to no end. Why is that? What do you get out of it? Do you just like the taste of rich people's asses?

It's not out of some misguided sense of fairness, because even small children know that if you have much, much more than you will ever need in your life time, then the right thing to do is share just a little with others who have none at all.
Why is that so hard for you to handle?

What is it about fairness that just pisses you off so bad?


You're really very stupid.
 
2009-09-24 06:43:53 AM
12349876: Gato Negro: Prediction: Fark's liberals won't be able to understand this.

I understand it: Rich people are farking greedy.


FTFY.

Tax the shiat out of people who are most able to pick up and move, and guess what? They pick up and move to lower tax rate areas. Been happening in Europe for some time now.
 
2009-09-24 06:47:00 AM
medius: well, you're low six digits; you're an old timer

such a smooth talker
 
2009-09-24 06:52:04 AM
OgreMagi: No, Leftists are generous with other people's money.

Unless it's being used to kill brown people in other countries, right? Then the right can spend away and no complaints, correct?
 
2009-09-24 06:55:01 AM
Weaver95: we have to cut spending. and we're going to have to raise taxes. But mostly, we have to cut spending. And everyone is going to lose funding for something they like - defense, social security, tax breaks on protected businesses, farm subsidies. Everyone is gonna have to take a bite of the shiat sandwich. Everyone. No exceptions.

*sigh*

But we're not going to do that. Because D.C. isn't about fixing problems and balanced budgets. the ruling party will protect their special projects and shaft the part that's out of power. which won't actually solve any of our problems, but that's how it goes. We're rapidly reaching a point in our fiscal cycle were this sort of activity just isn't sustainable any more. the money just won't be there. And that is when things will become very, very interesting indeed.


Some pretty smart folks agree with you (new window)

/watch all three parts
//pretty farking scary, but he's just "Chicken Little", right America?
 
2009-09-24 06:56:03 AM
Weaver95: RamblinReck89: That's why the federal government should pass a law equalizing all state income taxes. That way nobody could get away with this kind of thing. And there should be a fee exponentially related to your net worth if you move to another country with lower taxes. All that money could then be returned to the people the rich had to step on to get rich.

*poke* *poke*

hmm...it kinda looks like a troll....


If this wasn't Fark, I'd say it was a troll.
 
2009-09-24 06:58:33 AM
I grew up playing Sim City 2000, and since I didn't understand at the time that the cheats meant all missions failed, was stuck in the first system in Wing Commander: Privateer - making a minimal profit hauling cargo.

So I understand 'Buy Low, Sell High'.

I also understand that taxes, services, and all that fun stuff is a very tricky balance, and you can't (long run) pay for budget shortfalls by increasing taxes because people will move out.

I don't claim to be the world's greatest economist, but don't taxes put a brake on the economy? Isn't that the LAST thing we need right now?

Sure, it hurts to cut. But we don't have the money. =(

(Psst. Anyone wanna start a new country?)
 
2009-09-24 07:00:55 AM
NewportBarGuy: Gato Negro: Prediction: Fark's liberals won't be able to understand this.

Prediction: You'll try to compare this to the federal tax rate which covers you no matter where the f*ck you live. You'll confuse state taxes with federal taxes and pretend you have any idea what you are talking about.

Furthermore, you'll try to force a Mugabe comparison to Obama somehow.


Asshole liberal,

State taxes, federal taxes, it all adds up. You think Obama raising the federal tax is somehow different than a state raising the state tax? State tax too much, people leave. Federal tax too much, people leave the country.

Notice revenue was down as well? That's what you goddamn moron libs never understand, wealth moves from unfavorable tax environments to those that are. That includes leaving the country. There are reasons companies move out and outsource.

So your grand plan of 90% tax on the wealthy and corporations? Fail. Jesus it would be nice if you stupid liberals would take some economics classes. You have such a hard-on about punishing people who make more money than you you shoot yourself and everyone else in the foot.
 
2009-09-24 07:15:42 AM
bhcompy: ozarkmatt: I believe California has found out the same thing. And every company in Europe that moved to Ireland in the last decade or so, they figured it out also.

But hey, higher taxes raise revenue.

It's a proven fact. As long as those higher taxes are on the "rich." Nothing to see here.

As a Californian, I say this.

9.55% of your income over ~40k in CA. On top of federal income tax rape.


It's 10.55% if you income is over $1 million, and let's not forget 8.25% sales tax (rising to 9.75% in some areas), plus high business taxes.
 
2009-09-24 07:20:23 AM
New York is facing another whammy: lower pay. The state and city are heavily dependent on the formerly-well-paid financial sector, where there's a jihad against "excessive pay" now. Guess what? If you succeed in reducing executive pay, those executives are going to pay a lot less income tax, even if they stay in the state/city. You'll try to stick it to the "rich", the only problem being that there won't be any.
 
2009-09-24 07:25:18 AM
Cyrus982: all the rich people I know are only rich because daddy was rich, and his daddy before them

I'm the exact opposite. Every wealthy person I've ever known started their own business from nothing or worked their way up from cheesy beginnings to lofty levels in some big company. My dad bought a 2-man company when I was in 3rd grade for $2,000 and turned it into the largest in its industry on the planet in about ten years and sold it to a public company (there went my job after college). Now retired in his 80s, he and mom phart off and travel all the time and send me 4-year-old joke e-mails. And he certainly hasn't given me any money at all.

In fact, my experience about inherited wealth is that over time the lazy kids and grandkids blow all the money because they don't have the work ethic to keep growing the wealth. I've seen that first-hand sooo many times.
 
2009-09-24 07:37:20 AM
Ayn Rand wrote a book about this.

www.worstpreviews.com

When there is nowhere left to go the productive just drop out.
 
2009-09-24 07:40:43 AM
THIS New Yorker has decided that if you keep gentrifying low income neighborhoods and turning them into douchebag havens, like Williamsburg, he and his wife will move to Pittsburgh.

/8 months in the Burgh, and for the first time in my life I've been able to afford: A house, A car, and in about 3 hours, rescuing my first dog from the humane society.
/Movin' on up
 
2009-09-24 07:46:35 AM
Thunderpipes:
You have such a hard-on about punishing people who make more money than you you shoot yourself and everyone else in the foot.


It isn't about punishing people that make more than them, most of the vocal liberals are rich. I have a different theory about it.

In most cases where someone earns enough money to become rich they are responsible for the well-being of their employes, they understand that changes to their taxes will affect the overall cost of business (as corporations don't pay taxes like you or I do, taxes are passed on to the consumer). Which in turn will affect the lives of the people who work there. Most of the time they have a model that includes a small window of profit that can be completely wiped out in a bad environment, or can become larger in boom times. They know that if tax levels are lower the end product will cost less, allowing more people to buy, creating more profit.

Now let's take Hollywood, which is very vocally liberal when it comes to economics. This is because the actors don't have those same responsibilities. They are not producers of products, they don't have hunderds of people under them. They have no personal risk. Most of them have a very limited educational experience, and think that everyone with a lot of money is just like them. And if you aren't, you must be greedy. Most of them also know that they are lucky, and this is where their idea of the less fortunate comes from. As if it's only luck that determines the rich from the poor.

And just as there are the lucky rich, there are the unlucky poor. But if you, like a guy I went to college with, decide to drop out of college and work for a pizza place until you're 37 you can't complain to me about your lot in life. You also don't get to ask for unequally provided benefits from MY tax money. While not everyone has the desire to own a business, most people are provided with the chance to make more than a decent wage. I'm sure some farker could come up with a sob story about a friend or aunt that was screwed by everyone they came in contact with, but those stories are not the norm. And if your desire is money, you should go for it, not complain that the government isn't giving you a fair share of someone's who did.
 
2009-09-24 07:50:47 AM
Catran: No matter how the rich get taxed they will find a way to pay as little as possible.

I worked a for a woman who was divorced from a billionaire. She had a team a tax lawyers and accountants to do her finances. Through the magic of tax laws, tax shelters & deductions she still paid a lot of taxes compared to the average Joe/Josephine.

Tax season I was always sending out dozens of returns for this business venture, that trust fund, etc. And she was always having to deal with an audit at some point each year. But, she had her team of professionals managing to fight the IRS off. I could never figure out how much she made a year, but I had a strong suspicion she paid a lot less percentage wise than I did being her assistant.

Oh, then I have a friend whose partner came from an old banking family. Talk about old money. His family started a bank, for the extremely rich a few years ago. Basically, you have to have at least $500,000 cash to open an account. You know there is some shenanigans going on for the rich in that bank to avoid paying as little for taxes as possible.

So my point is, the more you tax the super rich, the more they will find loopholes to pay as little taxes as possible. They live in a different world with different rules than us. The only people who get screwed in the end are the middle class. So go ahead defend or support the rich for giving them higher taxes, in the end they have the thing that we the average Farker don't have....Lots & lots & lots of money to hirer people to avoid paying their fair share of taxes.

/my 2 cents.
//after taxes my 1 cent.


People will pay people to help them with taxes so they can keep as much money as possible?..you don't say.

media.giantbomb.com

/wonders what these people who do that for a living might be called.
 
2009-09-24 07:51:24 AM
Not if the other 49 states start doing it too. The rich will NOT move to Guatemala, or even a posh European nation. They will pay to remain in the culture they grew up in, near their families. Soak 'em.
 
2009-09-24 07:53:38 AM
WTF, there are more luxury high rises being built everywhere here in NYC even DURING the recession, and they are sold out by the time its finished building. Something doesn't add up here.
 
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