Killing the 1% Golden Goose

NYC Mayoral Candidate Bill de Blasio Campaigns In BrooklynTwo years before Occupy Wall Street’s band of radical grad students set up their tents and cardboard signs in Zuccotti Park, Mayor Bloomberg warned the City Council against frivolous tax hikes. “One percent of the households that file in this city pay something like 50% of the taxes. In the city, that’s something like 40,000 people. If a handful left, any raise would make it revenue neutral.”

And then the 1 percent became the target of the left’s answer to the Tea Party. It wasn’t unusual to see bus riders wearing “We Are the 99%” buttons the way they had once carried I Heart New York bags.

New York City now has a radical leftist in Gracie Mansion, Bill de Blasio, a radical leftist City Council speaker, Melissa Mark-Viverito, and a radical leftist public advocate, Letitia James. The city is now run by the Working Families Party/ACORN and tax hikes will be used to finance generous payoffs to unions.

But the unions who rigged this election may never see those payoffs. New York City’s unfunded pensions are estimated as being as high as $136 billion. The crash may only be four years away.

The top 1 percent pay half the income taxes in the city and the top 10 percent pay 71 percent. Drive them away with tax hikes for municipal union goodies and the unions will have as much trouble collecting even basic benefits from New York as they do from Detroit.

On the other coast, the situation is even worse.

That 1 percent pays 41 percent of California’s income taxes while half the state pays no income taxes at all. That’s an even worse ratio than New York State where only 39 percent pay no state income tax.

California’s unfunded liabilities are estimated at $640 billion and the state is trying to dig its way out with taxes and spending sprees. Governor Jerry Brown is hoping to finance his $68 billion toy train with nearly a billion in carbon “credits” which companies must buy in order to do business in California.

Meanwhile the 1 percent and the 10 percent are unaccountably fleeing California. “Go West young man,” Horace Greeley advised. “Washington is not a place to live in. The rents are high, the food is bad, the dust is disgusting and the morals are deplorable.”

These days California is a lot like Washington and the arrow of opportunity has flipped around from west to east as those young men with a future and the companies they work for are fleeing the state.

California lost 5.2 percent of its businesses in 2012. A San Francisco Chronicle story describes an emergency row on a flight crowded with emigrants from California and Texas neighborhoods filled with cars with California license plates.

Brown and the liberal elites have insisted that the wealthy won’t leave because taxes go up, but it’s the wealthy that have the means to leave. Or as a Californian quoted in the article said about taking a loss on his new $2 million home, “I can make half of it back in one year of tax savings.”

California is experiencing an exodus of the wealthy and the working poor who have the most mobility. It’s the middle class that can’t afford to walk away from homes and businesses and is tied down and crushed by the left’s escalating war on the middle class.

The wealthy will weather Bill de Blasio and Jerry Brown or they will depart and take the tax base with them, leaving only the middle class to be squeezed dry to fund all the social workers, prisons, hospitals, schools and community centers of the welfare class.

Targeting the 1 percent kills the goose that lays the golden tax revenues and states and cities that are already close to the edge can’t afford to drive away their tax base. The welfare class is taught to blame the rich, but without the rich its lifestyle implodes, its social dysfunction increases and in the final phase of urban collapse, the middle class abandon their homes block by block and retreat to the suburbs as the city collapses.

There is no better demonstration of that than Detroit.

Detroit has the highest property taxes of the 50 largest cities in the country. Its property taxes are twice as high as the national average and barely half of property owners even bother paying property taxes. Five of the wealthier neighborhoods paid 15 percent of the city’s property taxes. Another 19 percent came from a handful of companies, including casinos and Motor City’s shaky automobile industry.

The population fled, the tax base shrank and the city raised property taxes which drove away more property owners leaving a shrinking tax base that had to be compensated for with higher taxes. The cycle left a bankrupt ghost town filled with abandoned properties and outlaw property owners.

To make up the difference, Detroit began borrowing more money. Under Mayor Kwame Kilpatrick, who was convicted of everything from racketeering to extortion, debt hit $9 billion while revenues plunged to nearly $1 billion. Income taxes fell from $378 million in 2000 to $245 million in 2010. At the same time, Detroit lost nearly 200,000 people; the worst implosion of an American city in the last decade.

One out of three people in Detroit is poor. Three of the top five employers in Detroit are the city government and the national government. Whatever middle class it has left consists of government employees and they are a net loss. They can never pay as much into the system as they take out of it.

The only liberal solution to the Detroit disaster is to expand its boundaries into the suburbs and tax the ones who got away. Similar regionalization proposals are being flirted with on a national level but they are nothing more than wealth redistribution schemes that only encourage the tax base to flee farther, destroying the city as a business center by transforming it into a regional financial plague instead.

In all its economic experiments, the left has refused to accept that there is no substitute for income generation and that when you kill the golden goose, you don’t get an unlimited supply of golden eggs.

Drive away the rich, destroy the middle class and all you’re left with is Detroit. 8 million New Yorkers depend on 40,000 millionaires and billionaires. The same California voters who supported Proposition 30 depend on the taxes of the very people they are taxing into leaving.

Wealth is not a crime and it is not redistributable. Money can be taken and put into a common pot, but the ability to perpetuate it through wealth cannot. That is a skill like any other and the practitioners of that skill are the only reason that the Jerry Browns and the Bill de Blasios have any money to play with.

The only thing separating Bill de Blasio from Detroit’s former mayor Dave Bing are those 40,000 of the 1 percent and if he kills the golden goose, the only egg will be on his face.

*

Don’t miss Ann-Marie Murrell‘s video interview with Daniel Greenfield on Abandoning Iraq, Robert Gates’ Revelations Confirm Horowitz’s “Party of Defeat,” How Americans Died For a War Obama Didn’t Believe In, The Release of Terrorist Lawyer Lynne Stewartand much, much more:

Part I:

Part II:

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  • mtnhikerdude

    This administration’s goal is to” Detroit” America .

    • Jostalin2013

      Detroit on steroids, getting there faster and harder.

  • veeper

    The “1%” hasn’t done anywhere near the damage to the country and the middle class as america’s government’s (local, state, federal) and politicians at every level of government…..

    Americans are experiencing the very government that the nations founding fathers wrote about and warned the people about……

  • Naresh Krishnamoorti

    The next step for the Left are punitive “exit taxes” to prevent people from leaving places like California. The Iron Curtain is slowly descending upon America. Unless we wake up and overthrow the whole system, we’ll be within twenty years what the Soviet Union was thirty years ago.

    • DownTurn

      The finest example of how far communism can go is for sure East Germany, which, after demonizing West Germany for decades, in the bitter end resorted to simply shooting anybody who tried to flee the communist paradise.

  • truebearing

    How can anyone with an IQ higher than a fruit fly think that what they are doing will work? What intellectual/spiritual malady can reduce so many people to such abject, delusional stupidity? Is the Left collectively too stupid to see their serial and absolute failures of the past, or are they simply overwhelmed with urges of destructive hate and rapacity for power at all costs? The evidence of their perfect record of failure has been slapping them silly for a century, yet they persist.

    To paraphrase King Theoden: What can men do against such reckless hate and stupidity?

    • davarino

      Stand up and fight as courageous men have done in the past. The Orcs (those on the left) may be ugly and scary, but they will lose because they are wrong.

    • Daniel Greenfield

      Their IQs are high enough. High enough to believe that power answers all.

      • Conservative not Republican

        What kind of IQ does it take to call for people to defend the filthy rich that are ripping all of us off every day, Daniel? Do you also support the efforts by the Chamber of Commerce to attack the Tea Party because the Chamber wants amnesty for illegals (cheap labor for corporations)?

        • Gee

          Bet most Americans derive their livelihood from the jobs those wealthy Americans create

          • Conservative not Republican

            Maybe you can get a job as a butler for the rich and be happy. It might suit you to serve them.

          • Rob Hobart

            Get lost, lying Leftist.

          • BagLady

            Oh very erudite Mr Hobart (aged 12)

          • BagLady

            Crumbs from the rich man’s table that keeps people on $20,000 pa and unable to contribute to the tax pot.

        • Daniel Greenfield
          • Conservative not Republican

            But the C of C is effectively the mouthpiece and lobbying arm of the filthy rich. By the reasoning of this article here, you should be supporting the C of C.

            The reality is that capitalism as we know it is the enemy of the free market, the enemy of democracy and the enemy of freedoms. The prime examle of that is the career of Bill Gates, whose underhanded tactics took him from rich to filthy rich. The world of software is much the worse because of Gates, who suppressed all competition by using underhanded means to crush innovative companies that he (correctly) saw as a threat to his near monopolistic position.

            The fact that communism is bad does not at all mean that the filthy rich are somehow good. They are merely leeches, not drivers of the economy.

          • Daniel Greenfield

            So what is your proposal exactly?

          • Conservative not Republican

            That conservatives should not be defending the rich. We should be defending the free market instead, which is very different.

            The Bush-style Republicans are also becoming almost indistinguishable on social issues from Democrats. Do you remember when GB2 said “don’t oppose Mexican illegals because they look different”? He was actually playing the race card in trying to get amnesty for cheap labor.

            Both parties have been selling out America since the first Bush and his “New World Order”. The Democrats are truly the worst threat, but that doesn’t mean that the rich are good guys.

          • Daniel Greenfield

            How exactly do you have a free market without the right to be rich?

          • Drakken

            You really need to take a simple economics class and how capitalism.

          • SCREW SOCIALISM

            Let me guess. SOCIALIST libertardian.

            MORON Paul bot? You are a useful idiot drone.

          • BagLady

            Well said that man. Many here see the world as two dimensional. Rather like their favourite President Bush: “You’re either we me or against me.”

            American media has upset the Singaporean government with its condemnation of the treatment of ‘indentured servants’. I asked a local financier for his opinion and here’s what he said:

            I’m not an expert but I can see what’s happening. The wage and living conditions of migrant workers in Singapore are appalling. To begin with there is no minimum wage in Singapore and in my books that’s an open door to abuse by employers. The dormitories are hardly fit for human habitation. The government is ‘pragmatic’ to the point of being shameless. So understandably resentment bottles up amongst Indian and Bangladeshi blue-collared workers who toil in the dust, dirt and unbearable heat of Singapore. To compound matters, the government imposes an unheard of (anywhere in the world) employment tax (fixed at S$500 per month) on the employer for employing each foreign worker effectively equivalent to about 100% of what these Indian labourers receive. Singapore employs more than a million foreign workers and you can work out how much the government receives…yet the workers live in slum-like dormitories. It’s simple really, this is another example of a capitalistic state with a capitalistic government (the Singapore government is run like a business…it owns businesses to compete with the private sector…supermarkets, property development, etc, etc). To be honest, I’m ashamed.

          • BagLady

            Furthermore, looking at this article in Forbes I wonder whether America shouldn’t be learning lessons from Singapore’s problems:

            http://www.forbes.com/sites/jessecolombo/2014/01/13/why-singapores-economy-is-heading-for-an-iceland-style-meltdown/2/

          • Daniel Greenfield

            We should turn over rule to a family and cane people for chewing bubble gum?

          • GeorgeRomero

            Hi Daniel , baglady is obviously deluded the singapore i know is a police state of facists , the people residing there are mamillian robots who hoik phlem at your feet when your on the bus , that aside, i think Anne-Marie likes you, and she surly is a beautiful woman;)

          • Daniel Greenfield

            The people who admire Spore are usually in a “special category”. It’s better than Malaysia at least.

          • BagLady

            I said learn lessons not copy them.

        • nomoretraitors

          Apparently it takes a higher IQ than yours, blabbing about the “filthy rich.” And please enlighten us as to how the “filthy rich” are “ripping all of us off every day.” I rather think we are being ripped off by the 4th generation entitlement class of food stamp recipients

          • Conservative not Republican

            You haven’t heard of what the Wall St execs did, how they got bailed out by taxpayer money while so many suffered, and then actually profited because of bailouts from the debacle they created – so you’re too stupid to try to talk to reasonably. Your limited mental capacity says “welfare is bad, so rich must be good”. You are a dupe and a pawn.

          • nomoretraitors

            Of course anybody who doesn’t agree with must be “stupid.” Typical liberal.
            You do know Obama got lots of campaign contributions from Wall St, right?

          • BagLady

            I think we are all aware of where Obama’s allegiance lies. How can it ever be different when your system depends on huge donations from the rich? $50,000 to attend a dinner party?

          • BagLady

            We Brits are waiting with baited breath to read of this year’s bonuses for the bailed out bankers. Another bumper year, apparently.

          • Drakken

            A problem that was caused by you socialistic folks in the first place. You communist are all the same, dense beyond any reason.

          • BagLady

            Perhaps you have a theory as to how this 4th generation entitlement class came to be dependent on handouts … in their millions? Please don’t tell me it’s because they are all lazy, work-shy socialists as the British government regularly accuse the English of being as they import slave labour from the East.

          • nomoretraitors

            The culture of dependency has been passed from generation to generation. When you don’t see your parent(s) working yet having money, why develop a work ethic.
            The culture of dependency is aided and abetted by the Democratic Party and the grievance industry which tells these people they are not responsible for their lives since they are victims of “racism”

          • Daniel Greenfield

            The urban industries collapsed, race riots began and the Democrats stepped in to secure a permanent welfare voting class.

        • Rob Hobart

          You are not a conservative. Go away.

          • Conservative not Republican

            You don’t know what a conservative is. So you go away and worship your statue of Warren Buffet. Or do you prefer Gates?

          • BagLady

            Excuse Robert. He’s only 12.

          • SCREW SOCIALISM

            He’s a Conservative SOCIALIST.

        • A Z

          When the head if the C of C came out for amnesty that hurt.

          It all comes down to greed. These people while smart enough to memorize and solve book problems in school short circuit their their overall IQ when they go for “solutions” that maximize their short term profit, but suboptimizes societies general good. They are looking for local maximums and thinking it is the overall maximum.

          I could support amnesty if there were effective border control at the geographical borders and at the ports of entry like airports. We can’t let people overstay their visas. We can’t allow a misinterpretation of the 14 th amendment. the 14 th amendment was specifically for African Americans. It was written to right a wrong that was written in the constitution because people did not want to right a wrong that was worldwide at the time.

          The C of C head and the rest of them are not even making a pretense of border control anymore. They are not making a real or false promises. It is their way or you are stupid and racist.

        • truebearing

          Before you launch into a confused series of non sequitur rants ( I know…too late), you should learn to make finer distinctions between ideology and economic theory. The “capitalism” you are attacking is really Fascism. The Chamber of Commerce is corrupt and concerned with its own prosperity, as are many of its fascist corporate members, but that doesn’t mean all rich people are bad or fascists.

          Your suggestion that a free market economy will solve all problems and cure all ills is naive, at best, especially since you clearly have no workable plan for getting there from where we are now. If you think attacking conservatives for things you disagree with, real or imagined, then you are a fool. Why insult and alienate those closest to your beliefs, and without which your cause has no hope of succeeding?

          • BagLady

            What is wrong with everyone? It seems more important to you all to pigeonhole people into neat little boxes with silly names. Is it fear? Frightened to be associated with anyone who may be slightly left of far right, even to the extent you refuse to read anything deemed to be of a socialist bent. Reminds me of the US in the 60′s when if they didn’t like your politics, they labelled you a ‘commie’. Ridiculous narrow mindedness.

          • Habbgun

            Too bad far you that your drivel doesn’t sound nearly as good when you can’t hear the British accent.

            Pigeonholing people you say. I’ve seen your comments when it comes to Israel and Zionists. You are a typical British antisemite. Always pretending to be above the fray while you make sure you get in all your favorite racist canards.

            Jolly Good!!

          • truebearing

            I’m not surprised at your comment. Discrimination isn’t one of your strong suits. Neither is reading comprehension, apparently. If you had understood my comment, you would see that I was suggesting that conservative not republican stop his ideological exclusionism, at least to some degree.

            I’m not afraid to read something written by a socialist or a commie. How do you think I developed such a low opinion of both?

            When people got labeled as a “commie” in the 60′s, they generally were commies. I was there. Were you?

      • Conservative not Republican

        Here’s an idea for your next article, Daniel: we all need to start a fund to give money to the health insurance corporation executives who banded together with Obama to force the mandate on Americans. It’s now considered an ordinary thing to force citizens to buy a product from a corporation that contributes to Democrats. As a side effort, we can also contribute money and support to the crony of Michelle Obama who got the contract to do the Obamacare site. They provided jobs and all… Let’s also support Bloomberg, because he’s one of the oppressed rich.

        • Crassus

          Soros Lib Troll Rule #5: To throw people off refer to yourself as a lifelong conservative/ Republican.

          • Conservative not Republican

            A meaningless non-answer which addresses not a single point. I’ll paraphrase for you: libs are lying and harmful trash (which is true) , so we must support the lying and harmful connivers of Wall Street. No logic there whatsoever.

          • Rob Hobart

            False paraphrase from a fake-conservative troll. Go away.

          • Conservative not Republican

            Another non-thinker. But I suppose if you did have logical ability, you wouldn’t be you.

          • lyndaaquarius

            always attack with snark/no substance is a valid intellectual response.Right?

          • Wolfthatknowsall

            You say that you’re a conservative, and not a Republican. For argument’s sake, I will take you at your word. That leads us to a question …

            When election time rolls around, do you vote third party, or do you vote DEM? If you do either, you betray your core values, assuming that you are a conservative.

            Also, would not Mao Tse Tung have been the ultimate “conservative” in communist China? Conservative and liberal mean nothing, without understanding your context and relative values/beliefs.

          • SCREW SOCIALISM

            Email the Kremlin for further orders and talking points.

          • BagLady

            It is the logic on this site!!!!

          • Drakken

            Look in the mirror honey, you will find a vapid communist with no shame.

          • truebearing

            His arguments are non sequitur nonsense. You clearly can’t differentiate reason from ranting. Big shock.

          • truebearing

            Nice straw man non sequitur. No one is suggesting we support the “lying connivers of Wall Street,” have they? Your paralogic is that if some people on Wall Street are connivers, they all are, and equally illogical, if people support the right to be wealthy, they support lying connivers. You couldn’t get a passing grade in high school logic with that nonsense.

          • Debbie G

            Whew! Glad you were able to put that in a nutshell, True. I was trying to figure out how I could do it but you beat me to the punch!

          • Habbgun

            To0 bad this guy isn’t even good at it.

        • Habbgun

          Hey conservative. Here’s another idea. We can give a fund of money voluntarily to any health insurance company in return for payment for catastrophic healthcare when the few among us who are unlucky enough to need it need it. Just for the heck of it we’ll call it premiums and the payout as a claim. We won’t even need the government!!!!!

      • truebearing

        Some of their IQs are high enough. The cynical elites at the top of the statist pyramid are intellectually gifted, but many of those who goose step along on this lemming death march are incredibly dense.

        The elite Marxists may have considerable intellectual prowess, but how intelligent can a person be that ignores mountains of evidence that is contrary to what they believe? Intelligence is defined by the ability to learn from mistakes and solve problems. All they do is create them. The truly intelligent Marxists learn from their mistakes, but upon that recogition, reject Marxism.

        There is another factor operating here that has more to do with emotion and soul than intellect — a dark inversion. They continue to choose to pray to a god that answers only prayers of destruction. They hitch their intelligence to a dark star, using all of their gifts to find clever ways to destroy those they envy and hate. Marxism is a religion of hate.

        Ostensibly contemptuous of religion, the Left uncritically believes in the power of power, despite no evidence of its efficacy. Even when power has been firmly in their iron grasp, the Marxist revolutions have all failed. It’s all a lie, including the Left’s belief in its own intelligence. They see intelligence as a virtue because it is a means to power, but intelligence isn’t a virtue, it is a situation. Like any calculator, it can be used to discover cures for illness, run a successful business, or scheme to enslave nations. The Left is collectively stupid because they have chained their intellects to a dark, hopeless, false religion.

        • David Brown

          In that sense, they are their own worst enemies, taking down whole swaths of society with them. I suspect that some are intelligent enough to know it’s all an experiment, and there are no guarantees of success. Yet they have surrounded themselves in a wishful cult-think, so deeply that it’s hard to admit a better alternative. To walk away from the investment of purpose and career is unthinkable. I, too, have concluded the attraction is power.

          • truebearing

            It is the “whole swaths of society” that I am concerned about. If they just destroyed themselves, so much the better.

          • lyndaaquarius

            power and warm good feeling of being better than others because they “really care”. Being perceived as compassionate is key. Ayn Rand writes about this in her biography.

        • Daniel Greenfield

          Intelligence isn’t a single quality. Some of the dumbest people around when it comes to common sense have very IQ numbers.

          Intelligence also makes self-delusion easier.

          • truebearing

            As you said, intelligence isn’t a single quality. Intellect is only one part of intelligence. Emotional intelligence, including empathy and intuition are other aspects — conspicuously absent in most Leftists, despite their feigned caring. I would say that this is one area where the Left seriously lacks intelligence, but compensates with the false compassion of political correctness and so-called civil rights.
            Marxists are basically political sociopaths. No doubt many of those attracted to Marxism were born that way, but the difference between Marxists who eventually reject Marxism, and those who don’t, may well be their level of emotional intelligence.

            I agree that intelligence makes self-delusion easier. What was Marxism but a messianic, labyrinthine monument to Marx’s intellectual ego? It took considerable intelligence to steal ideas from Hegel, Christianity, etc., bastardize them and create the insidious religion we call Marxism, but it was and always will be evil. I just don’t think it is wise, smart, or any category of intelligence to visit evil onto the entire human race. Of course, I am assuming — or at least hoping — that there will be a serious personal consequence for Marx and his adherents for imposing this madness on countless victims.

            Charles Baudelaire once wrote: “ignorance is the worst sin.” By “ignorance” he meant the original meaning of the word, to conciously ignore something — not our modern definition of being poorly informed, or not knowing any better. I believe most Leftists are guilty of conscious ignorance of the truth when it comes to the severe consequences of their political obsession. If I was their judge, I wouldn’t accept delusion as a sufficient defense.

          • Daniel Greenfield

            Dogma leads to ignoring the truth and high intelligence is not only not a defense against dogma, but often a vulnerability.

            The left though tends to consist of people of average intelligence educated badly and in love with themselves, operating more on emotion than intelligence, but possessing enough education and intelligence to credibly pass as an elite to people who know even less and have fewer home advantages.

          • SCREW SOCIALISM

            “Who are you going to believe, socialist me, or your own lying eyes?”

          • SCREW SOCIALISM

            Look at all the lawyers, doctors, scientists who supported national Socialist Germany.

            Intelligence in one field does not necessarily lead to intelligence in other areas.

          • Daniel Greenfield

            They had “intelligence” enough to grasp for immediate benefits while ignoring long term consequences.

            A lot like the lawyers, doctors and scientists in the us left

          • lyndaaquarius

            that’s the best description of Hillary Clinton Ive ever read.I think the “in love with themselves” is the key,an infantile orientation to life and others.

          • lyndaaquarius

            excellent points. The great karmic Law of Cause and Effect,what goes around,comes around, absolutely functions every nano-second.Marx’s intellectual arrogance and lack of respect for his fellow man has cosmic consequences.

          • SCREW SOCIALISM

            Intelligence is one factor – that, as we can see – can be overruled by Ideology.

            Self Preservation can be overruled by Ideology.

          • lyndaaquarius

            Senator Schumer reportedly had a perfect 1600 SAT score. I do think,though, that his Leftism is rooted in his own arrogance and a fundamental lack of respect for average Americans. A closed mind unable to embrace those with different ideas and orientations.

          • Daniel Greenfield

            SAT scores don’t reflect the availability of common sense.

        • lyndaaquarius

          “marxism is a religion of hate.” great line. It needs to be used often,like a mantra.

        • pupsncats

          Simply put, the vices of envy and covetousness along with arrogance and pride are the dominant characteristics of a leftist.

    • DownTurn

      > How can anyone … think that what they are doing will work?

      Because in the back of their minds, they always leave the option open to ramp up the state force applied to the problem. They are the good guys and the end justifies the means.

      > To paraphrase King Theoden: What can men do against such reckless hate and stupidity?

      Ban any kind of current and future leftism by an unchangeable constitutional amendment.

      Individual freedom and democracy are mutually exclusive. If people with no stuff can vote to get the other guy’s stuff, sooner or later they will.

      Individual freedom can only be sustainably guaranteed and creeping communism prevented when any kind of forced redistribution is legally impossible.

      • BagLady

        I have never witnessed, anywhere in the world, where those without “stuff’ are able to vote to get the other guys”stuff’. Have you an example? Pls don’t resort to ancient history.

        • Daniel Greenfield

          How about Venezuela?

        • Debbie G

          Are you kidding me, Lady? Half of the American population is getting “stuff” (i.e, freebies) at the expense of the other guy’s “stuff.” (i.e. his tax dollars). That is the most current history I can think of.

    • EagleJim

      It’s often been said, “liberalism is a mental disorder.”

  • Nabuquduriuzhur

    Why should we trust these numbers?

    The misrepresention of tax numbers is a massive problem with the Republicans and I refuse to defend them on this.

    I’ve actually heard Republican pundits claim that a person who makes $30,000 per year pays no taxes.

    Instead of the 35% to 40% that the typical person making that much would pay.

    When a person making $20,000 forks over a third of their income in taxes is told by pundits who haven’t worked a real job since the 1960s that “they are paying no taxes”, what should their reaction to being lied to be?

    Offense, perhaps?

    Wondering why an otherwise honest person would repeat a lie, maybe?

    When the majority of taxes in the nation are paid by the middle class despite the demolishing of the middle class since 1993 when the first free trade agreements were signed, what does it say that the republicans claim that 1% does it?

    Who comes up with these numbers?

    Got news for you. The average for billionaires (and there are not that many of them) is less than 10% of their total income is paid in taxes. The 9.42% that Kerry’s wife paid during his campaign was not a fluke. As a person’s income rises, their tax burden as actually paid increases for a time, and eventually it starts being less because of the taxe shelters and other special deals available.

    Don’t tell the person who is paying 30% to 50% of their income in taxes that they don’t pay anything. Don’t tell them that a person who pays less than ten percent of their taxes is paying their share. That’s why a straight 10% flat tax would be an increase for those of high income and thus has never passed.

    The numbers claimed just don’t work. There are millions of middle class, but only a handful of billionaires.

    Before making such sweeping claims as 1% pays this, or 5% pays that, the
    IRS numbers should be consulted, rather than just parroting the “think tanks” that
    come up with this c–p.

    Leave the lying to the Socialists, please.

    Conservatives should have no part in spreading garbage.

    Nor is it just taxes. How many recent claims of 10% unemployment have there been by both parties when the USBoL’s labor participation rate has been 40% or below since July of last year.

    With more than 9 million new unemployed just from January to April?

    And that’s just the official numbers. Given this administration’s tendency to lie, are those numbers made to look better by fudging the numbers?

    Is it 38%? 33%? Worse?

    Anyone notice that business after business has tanked in just the last 5 years, with few or no replacements? Large areas of space in our cities and towns that are now empty because no business leases them?

    Any republican or democrat care that we went from 92% employment to 40% in less than five years?

    The high during the Great Depression was supposedly 22%.

    How does ~60% compare to 22%?

    And yet all we hear is how good it is, it’s getting better, it’s a recession, etc.

    Romney’s the only one I can remember who took up the issue of high unemployment up as a platform plank.

    The economy is falling apart and no one seems to want to do anything about it. From any of the parties.

    Lying about who pays taxes doesn’t help any of us.

    • davarino

      A person making $30,000 payes 35% to 50% in taxes? Where did you get your numbers? Is this New Yorkkk city, where they tax everything that moves? I dont understand your rant, because it goes both ways.

      • Daniel Greenfield

        I live in New York City and I never paid that.

        • Drakken

          As much as it pains me to say tis, it is time to offshore yourself, the Swiss do a great job, or so I hear. ;)

          • Daniel Greenfield

            Or I could just move to a saner state and city.

          • Drakken

            I would venture to say Daniel, that you will stay until the end, I hope not.

          • Daniel Greenfield

            Only if the end is an asteroid hitting the earth shortly.

    • gray_man

      “:The misrepresentation of tax numbers is a massive problem with the Republicans and I refuse to defend them on this.
      I’ve actually heard Republican pundits claim that a person who makes $30,000 per year pays no taxes.”
      You are full of crap, no Republican has ever said that.

      • WW4

        Many Republicans point to the fact that people who make under $30,000 owe no federal income tax. Sometimes that’s shortened to “they pay no taxes” even though that’s not accurate.

        • gray_man

          Nonsense.
          I am a republican. I make less than $30,000 a year.
          I pay federal income tax every year.
          You are blubbering asinine nonsense.
          Stop it.

          • WW4

            Are you dense or coy? I can’t tell which. Mr. Romney lost his election by being caught on film claiming that 47% of Americans are “dependents.” Direct quote: “These are people who pay no income tax.” I didn’t say it–the last Republican nominee for president is ON TAPE saying it. True, or not (I already said it wasn’t accurate). Does that work for you? Do you have any asinine blubbering to add?

          • gray_man

            Are you stupid, or just ignorant? Is it a reading problem or comprehension problem? I can’t tell which. The ignorance that comes from your comments makes one wonder.

            The comment was “Republicans say that anyone who makes less than $30,00 a year pay no income tax.”

            That is false and that is not what Romney said.

            By your own quote in your own comment he said:

            47% of Americans are “dependents.” Direct quote: “These are people who pay no income tax.”

            That applies to people who are “dependents” not people who make less then $30,000 dollars a year.
            Lots of people make less then $30,000 a year who are not dependents.

            If you are too ignorant to read and comprehend your own quotes, don’t argue with me.

            For your information, if you bother to do as much time researching as you do running your mouth, you would know that the per capita income in 40 states is less then $30,000. And nine of the other ten who are more, are still in the 30′s.

            I guess you are saying Republicans think everyone in 49 states pay no income taxes.

            If you can’t understand logic, statistics, and what people say, I suggest you be quiet, sit in the corner, and listen. You might learn something.

          • gray_man

            Are you dense or coy? I can’t tell which. Perhaps it is just illiterate.
            47% of Americans do claim some sort of dependance. So what.
            The comment was that “Republicans say that anybody who makes less than $30,000 pay no income tax.”
            That is nonsense. No republican said that.
            Now, if you can’t tell the difference between “47% of Americans are dependents”, and “Anybody who makes less than $30,000 pays no income tax.” Then you need to go back to school and learn reading comprehension.

        • gray_man

          No Republican says that, because it is not true.
          I have paid federal income taxes my whole life – every year – and there have been plenty of years where I made less than $30,000. I still paid taxes those years.

          You are blubbering nonsense.

          People who make under $30,000 still pay federal income taxes.
          Show me one verifiable quote of a Republican saying that people who make under $30,000 pay no income tax.

          • Debbie G

            I don’t know a whole lot about tax brackets, but I do know when my daughter was a waitress making $12,000 a year she got a full refund on her income tax (through the earned income credit). So when you say “under $30,000″ that can mean anything from $1 to $29,999. So apparently, at some point you begin to pay income tax.

          • gray_man

            That is true. And not everyone gets earned income credits.
            I didn’t say everyone under $30,000 pays no income tax. Someone else did.
            I was refuting their nonsense.

          • Debbie G

            Got it.

    • Yulia Demkin

      I am a full time real estate investor who most would consider rich. I am good at what I do and knowing the tax code is a large part of my business.
      .
      I have no idea of any tax shelters as you describe.

    • Rob Hobart

      I would have to say that you are a conspiratorial thinker, throwing out a random mixture of real information and complete falsehood. Go away, please.

  • http://libertyandculture.blogspot.com/ Jason P

    The principle is sound; and you explained it well. The question is the magnitude of the proposed tax. On the surface it appears the de Blasio is going to raise taxes a small amount that might have little effect on the a loss of the population of wealthy people. Even that proposal is being rejected the Cuomo. He may get nothing but kudos from OWS.

    Thus, the reality you note is understood by the governor and state legislature. They want the golden goose alive and fattened (now that California has symbolically outlawed pate’). Indeed, Cuomo is talking about lowering taxes and making the state more competitive.

    • Daniel Greenfield

      The real tax hikes will probably end up targeting the middle class in a variety of ways.

      • veeper

        they always do….

        go were the most numbers are and the least resistance….

        • Daniel Greenfield

          And the least mobility. That remains an important point.

          • lyndaaquarius

            Kevin Williamson writes about mobility in his wonderful article on Appalachia .It really is crucial.

      • Inane Rambler

        Only problem is they have to. Their isn’t enough income for the rich to tax to fix our fiscal problems.

        • WW4

          Exactly. And we will learn that sooner or later.

          I didn’t think Herman Cain was a serious candidate, and I don’t think his 9-9-9 was a “perfect” solution. But I thought it was a very well-expressed idea about tax reform; that is, he found a way to package a very vital idea.

  • tickletik

    This was all orchestrated by Heaven. Sure, a lot of bad people worked hard behind the scenes to pull this off. In fact, now that I think about it, I have a feeling the 99% were astroturfed to make way for Blasios campaign for whatever reason.

    But even wicked people are tools in the hands of Hashem. And I think in our hearts we all know what He wants. He wants His children to come home.

    Brothers I know it’s hard for you to get up and move. Our ancestors would not have understood, but we all know how hard it is. But you have to start. If you have children who are unmarried, encourage them to make their lives here. If you are older, and close to retirement, buy property here so you can move in when you are ready. If you have a young family with children under 5, then seriously consider moving here, especially if you can make your money without commuting. If you simply cannot move here, then invest here. Buy property, by shares in a stable Israeli company. Do what you can!

    Look, Hashem has a plan for this world. He has made a big part of that plan very very clear. His plan is for us to be in Israel.

  • Gamal

    An economic concept that leftists need to be taught is that money is needed for the generation of wealth that they like to tax so much. Money is needed by companies to buy equipment and raw materials that are necessary to make products and to pay employees. The leftists scoff at the idea of trickle down economics as they trickle away the money away from the wealthy and the middle class. Leftists solutions always involve taking away the money that generates the wealth whether it be taxes or borrowing or printing money they are all forms of the same thing. Printing money devalues it with the result that the wealthy can’t buy what they need to produce which is the same effect as taxes. Borrowing creates a situation in which a large percent of the income of the wealthy is spent on paying interest instead of being used for productive purposes. The leftists don’t want to understand this because their way to get votes in America is to promise to redistribute the wealth even if the result is everyone being poor. Obama won because he promised to only tax the top few percent and to lower everyone elses taxes. People were stupid enough to believe him. People vote for the bottom line, money. Republicans need to keep that in mind when they campaign and keep drumming the concept of how they will be the party of wealth creation and that they have a vision of everyone having the opportunity to become wealthy. Republican campaigns have to teach basic economics.

    • http://libertyandculture.blogspot.com/ Jason P

      You’re right. We shouldn’t be ashamed of defending the wealthy productive class. It’s capital formation that creates the wealth that invests in productive facilities that bids up the price of labor.

      In India they work back-breaking hours but our working class makes far more working fewer hours at less back-breaking jobs. It’s not how hard you work but what capital is invested in your industry. High-investment makes employees more valuable.

      Edward Conard in his book “Unintended Consequences” argues that wage-earners get the lion’s share of productivity improvements. He notes that as the pie expands the percent of national income that goes into wages have remained the same (something like 70%) over decades. Thus, increases are disproportionately given to employees, not out of altruism, but because with greater capital formation, employees become more valuable and their wages are bid up in the process.

      One caveat: crony capitalism. When the rich aren’t forced by the market to compete for our labor, they can get rich without producing. Let’s deregulate and let the unproductive rich go bankrupt while the productive rich create higher paying jobs and lower cost products.

      Yes, it’s time to defend the productive rich. When their rights are respected we all prosper.

      • WW4

        Crony capitalism, though, IS the elephant in the room. One can’t demonize government on the one hand while praising the people who have bought its seats on the other.

        Regulations: I have to deal with them, and I can deal with them–just stop changing them all the time! Some are necessary, some are ludicrous. Some help and some hurt. And some deregulation hurts my business while being great for others’ business. I can’t have it my way all the time!

        This country has gone from being a nation governed by people who understood the concept of stewardship (generally, those who lived through the Depression and fought in WWII and Korea) to being a kind of mere bazaar, where political office is simply a matter of raising the most money, and where countries with dubious motives like Saudi Arabia can own 1/4 of your city. Adam Smith’s “invisible hand” is broken.

        • Gamal

          The smaller the government the less crony capitalism can have impact. India is a great example of what happens when you have too much government. A lot of people in India want bribes to do their job. I was in India and I had to give bribes to get out of the country with my child.

          • WW4

            Gamal–I think that notion is the best thing conservatives have in their arsenal. You can use virtually any federal agency as an example.

            The problem is finding the person who can express that without also being shown to be a “crony.”

      • Gamal

        I look at capitalism as everyone trying to make as much money as possible. When you have everyone dedicated to that task wealth will be generated as long as people don’t engage in crooked behavior i.e. redistributing other people’s wealth to themselves. The other complication is the formation of monopolies that destroy competition. The problem with government breaking up companies that grow or combine though is of course less economic growth since growing companies are probably doing something right and shouldn’t be interfered with. In the ideal world government would restrict itself to keeping companies ethical. The problem is that the government wants to redistribute company money to itself.

        • Ellewoods23

          Crony capitalism happens all the time in corporations. At this point every time companies have laid off employees whom they obviously never called back or replaced but have still found a way to show more more profit, They capitalized on profit by making the other employees make up for the loss of those employees, and the company used the last of their wages as profits. This is based on what you said. And yes there are tons of companies pulling this same ploy. Profit off employees by letting them go.

          • Gamal

            When the economy is good and the demand for workers is high they work under very good conditions. I remember the salaries and perks computer programmers used to get. When the economy is bad they work more hours like you said and workers are laid off. Also there is less demand for company products so there is not enough income coming in to pay all the workers anymore.

          • Ellewoods23

            It is obvious that the Bush tax cuts are doing us any good because the companies and the rich are just taking in more profits and they aren’t hiring anymore workers. It would be better to tax them so the money could come back to the people. The rich are stuffing the mattress. They have more money then they need. We elected these officials into office and many of them treat the people like dirt. They need to tax the rich and the corporations. We are heading towards a depression. The way we are going we as might as well look like the U.S.S.R.

          • Gamal

            The rich took in money because they were bailed out by the Obama administration. They are not spending it because they believe accurately that if they do the money will be lost. Obama has totally screwed up the economy.

          • Ellewoods23

            They didn’t just get money from the them. They received money from the Bush administration and needless others dating back to 1978. The economy has also been deregulated in favor of the rich and the corporations thanks to the Republicans. They are very good at holding our government hostage.

          • Gamal

            This “holding the government hostage” propaganda is outrageous. The extremist Obama administration wants to paint the Tea Party as a collection of terrorist extremists. The Tea Party is a threat to Obama because they say stop borrowing and borrowing is the only way Obama can stay in office. He and the Democrats before him have screwed up the economy so much that if we don’t borrow there will be a crash. Of course if we do borrow there will be an even bigger crash but the crash is postponed and the day of reckoning is postponed. You can think of it as borrowing on a credit card. As long as you can borrow you can buy lots of nice things and live a great lifestyle. At some point though you can’t borrow anymore and you have to pay it back. In fact that’s already happening so the Obama administration is printing money. That will bring about major inflation. Until that hyperinflation occurs Obamanoids will keep supporting Obama and blaming Bush. The original cause of this disaster were Democrats blocking McCain and Bush from regulating Fannie Mae and Freddie Mac yet you and other Obamanoids blame the Republicans for deregulating. It was the Democrat who blocked regulation. Don’t believe me? Take a look at http://www.youtube.com/watch?v=LPSDnGMzIdo and http://www.youtube.com/watch?v=bPoksfSf2nA The Democrats are regulating companies out of existence the most recent example being the coal industry. Anyone who complains about deregulation has no idea about what it’s like to run a company when everything you do is regulated and you can’t possibly even know all the regulations because there are so many of them. You find out when you get a huge fine or get back a revised tax statement from the IRS or you suddenly are being investigated when all you wanted to do was keep your business going. When you can’t because you were regulated out of business the people you hired are out of a job but don’t worry Obama will see to it that they get unemployment benefits with borrowed and printed money.

          • Ellewoods23

            We have a republican run economy. It is a sinking ship with the Bush tax cuts that the republicans insist we keep. It only looks like it is run by Obama. That is why the GOP love blaming him for the problems they create.

          • Gamal

            I just proved to you that it was the Democrats that blocked regulation of Fannie Mae. Did that have any impact on you whatsoever? Of course not. You are a true believing Democrat. Obama is well into his second term but from your and every other Obamanoid’s perspective everything bad that happens is Bush’s fault. It wasn’t Bush’s fault that the Democrats blocked regulation of Fannie and Freddie. It’s not his fault that Obama is ruining the economy. Think about his investments of our money such as the Solyndra. debacle or his enormous wasting of money. Don’t you think he should leave our money alone? No of course not.

          • Ellewoods23

            The economy has been overrun by the GOP. The senate writes bills, the house writes bills, each has to pass it. If they get more then 2/3s(?)they can override a veto by the President. That is part of the checks and balances. The GOP has been holding a hostage and democrats are trying to find ways of working with them. The GOP refuses to help the people who elected them into office.

          • Gamal

            What happens if the GOP doesn’t pass a bill? Obama and the Democrats accuse them of holding the government hostage. The idiot Democrats in the general population believe Obama’s propaganda and the GOP gets pressured into passing it. The GOP didn’t want to fund Obamacare but it got funded anyway. The GOP doesn’t have the power you think it does. Now we’re saddled with the Obamacare disaster. People no longer have insurance or have to pay a lot more than they used to. Your hostage accusations are part of the demonization by the Democrats of the GOP and the Tea Party. Such slander and bad propaganda would not be repeated by any decent person with a shred of ethics.

          • Ellewoods23

            Unfortunely they are widely written about in many newspapers.
            People wanted universal Heathcare. People need universal Heathcare.
            When the GOP had nothing to offer in replacement only one thought occurred. They wanted the status quo which hadn’t been working. The GOP is always blaming Obama for something. You see it in his tweets everyday. They are the lynchmob. Make Obama look bad.

          • Gamal

            The GOP did not want to fund Obamacare so Obama and the Democrats accused them of holding America hostage. Obama promptly started to hold America hostage. He blocked veterans from their memorials he blocked elderly people from their homes on park lands he blocked fisherman from fishing etc. etc.. So don’t blame the Republicans for the Obamacare mess. They didn’t want to fund it but they couldn’t stop it because Obama and the Democratic party took America hostage. Now we have millions without insurance or dependent on Medicaid when Medicaid does not have the Doctors needed or the administration needed to deal with all these millions of people. Obama lied to the American people. He said if you like your insurance you can keep it. He said people could keep their doctors. He lies and takes America hostage.

          • Ellewoods23

            They don’t want universal care. It’s not in the best interest of the 1 percent and the other people paying them off.
            Other than that stop reading and listening to right wing stuff and read neutral information where you hear it from both sides.

          • Gamal

            Just because someone is rich doesn’t mean that they are evil and don’t want people to have health care. Democrats will buy votes with offers of Universal health care but they can’t produce the money to pay for it, they can’t produce the Doctors etc.. They make promises they can’t keep, Obamacare being a classic example. There are many countries that have universal health care but they too can’t come up with the doctors and the money which means that there’s less health care for everyone. People have to wait months till they can see a doctor or get an MRI. Some die waiting. There are ideals and there is reality and they’re different.

            Regarding neutral information I can guarantee you that you are not getting it. There is a very good video about that that I saw a few days ago. It’s an interview with Bernard Goldberg a man who started out as a leftist reporter and then discovered how biased the media is. The URL is https://www.youtube.com/watch?v=YpqSuxgvCqg

          • Ellewoods23

            A journalist can’t help but be byist is some ways but it is there job to report the news and give us as much information as they as able to give and report what is important. The problems can be who they interview and the information they are given. There are always mistakes.

          • jmo mls

            “Byist”? And you accuse me of being shallow? You’re about as deep as a puddle. LOL

    • veeper

      Charles Barkley economics……

      Poor people have been voting for the same people for 50 years and they are still poor.

      He didn’t have to use polls, figures or government studies…..

      Just see the reality of life surrounding the people.

      • Gamal

        right and the people the poor people vote for constantly increase taxes on the rich and borrow more and more money.

      • BagLady

        The world will always have poor people, of course. However, it should be relative. With the advent of big business, the poor lost the opportunity to survive by their own initiative. Laws sprung up restricting business practices: “You can’t push that barrow selling delicious noodle soup round the streets. You want to pull shellfish from the ocean? You need a ‘sealed’ factory. Your table on the beach will not do.” (The supermarket doesn’t like competition). They have stymied all opportunity for the small business to compete in your much loved ‘free market’ and now you all happily castigate these entrepreneurs for becoming free-loaders on the State.

        • Drakken

          Funny that all of that you mention is socialistic, it would be ironic if it wasn’t so bloody pathetic.

    • thult

      Gamal: You mistakenly assume that the Liberal Left, Radical Egalitarian, Godless Relativists WANT to (or, CAN) be “taught that money is needed for the generation of wealth that they like to tax so much!” The TRUTH is that the Democrat/Socialist/Progressive/Marxist ideologue has ABSOLUTELY NO INTEREST in even learning about such economic principles, predicated primarily on human nature, not to mention implementing them! We have CENTURIES’ worth (if not millennia) of PROOF that Marxist redistribution does not work, and yet here we are, discussing the ramifications of “Killing the 1% Golden Goose!”

      • BagLady

        Don’t knock the non-workable solutions but show us the ones that actually do work. Bet you can’t. The Golden Goose is but a fairy tale.

        • thult

          So, BagLady (likely, an appropriate monicker), don’t be critical of UNWORKABLE LUNACY, right?

          What works? REDUCE the confiscatory taxes on BOTH the job producers AND on the people who are gainfully employed by them; make it ATTRACTIVE to provide goods and services in America, once again, rather than painting a big target on the face of the PRODUCERS, so that their money can be confiscated (at a likely, in MOST states, combined taxes rate of 50% or more) simply so that government bureaucracies and the dependency classes can GROW UNABATED! Implement a FLAT TAX that treats EVERYONE the SAME, and provide a LOWER tax rate than our international competitor locations, and just wait for our industry base to soar! Finally, replace the government “hammocks” for the able-bodied among us (NOT the physically or mentally impaired!) and replace it with a “safety net” that encourages potentially productive risk-taking.

          There, BagLady, I JUST DID, for starters!

    • BagLady

      “Borrowing creates a situation in which a large percent of the income of the wealthy is spent on paying interest”. Don’t know about the US but interest rates in the UK have been held at 0.5% for over 5 years. Great for borrowers but terrible for savers. It was meant to encourage the rich to expand and employ more. It didn’t. It was meant to encourage banks to lend to small businesses. It didn’t.

      As for your Bill Gates, he promised to give away half his fortune (bigger than most small countries) and yet, once again, he’s right up there at the top. He was going to cure the world of disease with the help of the likes of Warren Buffet. However, soon after his promise, he was seen on the podium with his mate, British PM Cameron, receiving an huge donation from the poverty stricken British tax payer. Rats really do stink.

      Speaking of crumbs from the rich man’s table:

      http://www.city-journal.org/2013/23_4_philanthropic-giving.html

      • Gamal

        I think Bill Gates is a leftist. I do think though his intentions are good. I read your link and I don’t see anything about him receiving a donation from the British tax payer. I doubt very much that the British would donate money to Bill Gates.

      • Daniel Greenfield

        Ditto for interest rates here. And didn’t work here either.

  • Sgt Maj

    The political gangsters who are driving our cities broke get their encouragement from the Chicago thug who is driving an entire nation in to poverty with his failed policies.
    And his willing enablers, the leftist media, give him cover.
    We continue to vote against our own interests and commit national suicide in the name of liberalism.

  • Gee

    What Governor Brown doesn’t understand is that wealthy Californians can stay and not pay any California taxes.

    All they have to do is get a residence in Texas which has no state income tax – then they would not be libel for California taxes

  • Jostalin2013

    NY City is the epitome of corruption and moral decay. It is only fitting for a dyed in the wool, multi-generational and unapologetic Communist as its mayor. Feel no sympathy for his extracting a pound of flesh from the “wealthy.” The NY City wealthy are products of corruption, nepotism and moral corruption. Have no sympathy, root for them to kill each other, do your best to arm them and to seal them in.

    The NY “rich” have not created wealth, they have taken it by rigging the markets and wringing it from them. They have not created anything, but they have gotten it by manipulating laws and rules by co-operating with the same politicians that are now in turn wringing it from them. All deals with devils end in a barbeque.

    • Daniel Greenfield

      Not every wealthy person in New York has made money from the markets. Until recently Rush Limbaugh had a place here, but moved out because of the taxes. Bob Turner who briefly won Weiner’s seat was a TV executive.

      • Jostalin2013

        Always exceptions… Trust me, there are very few to make serious money without having cemeteries in their closets with plenty of bureaucrats and politicians as accomplices and assistant grave diggers.

        The Medicare Fraud alone is furnishing all of South Brooklyn with multi-million dollar mansions and Bentleys. This is not wealth created, it is the wringing of wealth from them by rigging and scheming. This is not markets working or any form of Capitalism. It is organized theft, cronyism and social engineering that is used to loot wealth.

        • Daniel Greenfield

          Much of the money is still private sector. If it wasn’t, the city would have collapsed with no outside source of income.

          • Jostalin2013

            Private sector that is in bed with the public sector and reaps rewards and allowed “arrangements” that in a true open market would never be allowed to occur.

            The city is doing its best to bleed every penny of private and semi-private wealth.

          • Drakken

            Then let it burn baby burn. There will be someone ruthless and smart who will rise from the ashes.

        • Habbgun

          You are right. I still don’t get what demonizing some nebulous 1% accomplishes. It is how NYC got this way.

          The tax and business climate is not just about who leaves but who comes in. Nobody is coming here. We lose jobs every day but no one cares. Think about upstate NY. What a disaster. If we can bring it back to a quarter of what it was it would produce jobs in NYC also.

          • Jostalin2013

            What I see as the ultimate irony is that a City that reaps the rewards of incestuous relationships with the Federal Government and the Federal Reserve as the main source of its ‘private wealth,” while being the defacto media arm for the Democratic Establishment’s Radical Left and foisting this “culture” upon the world – is looking to slit the throats of its “1%” that became the 1% by embracing the radical and the corrupt.

            The non-connected private wealth cannot survive here. We are lower on the feeding chain and are nearly extinct. But the Democratic Farm Raised 1% are next on the menu.

            Honor among thieves and Marxists… It equates to a massive circle of propaganda and picking of pockets. It is funny to see so many of the same hands in the same pockets for once – each other’s.

    • http://libertyandculture.blogspot.com/ Jason P

      Your stereotype doesn’t do justice to reality. There are productive rich and their are crony capitalists who rely on government to secure their markets. There are some who are mixed: producing most of what they make but taking subsidies when offered. You can’t indiscriminately punish all wealthy people both productive and parasites. All one has to do is to end bailouts and deregulate, so the market will reward the productive and punish the parasites.

      We need wealthy people to create, invest, and run industries … but we need them to win that wealth by competing and producing goods, services, and jobs.

  • Rugger

    The leftist use of the term “redistrutee income” rankles—the money was not “distributed” to begin with, it was EARNED, but if they candidly said “we want to take money from those who earned it and give it to those did not earn it” then there “redistribution” scheme wouldn’t have the touchy-feely panache they need to foist it on the guilible…

  • Inane Rambler

    But but but all the comments to the article in the NYT a few months back talking about California’s “innovative” political system was saying that California is a great place and conservatives have shut up about it. You mean that’s wrong?

    (Of course it is.)

  • Dirt Farmer

    Greenfield wrote, “The top 1 percent pays 41 percent of California’s income taxes…” So? What does the top 1 percent earn? If the top 1 percent earns half of California’s income, then they would be getting off easy! Without knowing how much the top 1 percent earns, which provides the necessary context, Greenfield’s comment is virtually meaningless.

    • Daniel Greenfield

      The point isn’t whether they pay enough taxes, but what happens if they leave.

      • Dirt Farmer

        Q: Why would they leave?
        A: If they felt that they were paying more than their “fair share,” which is the point you should be trying to make. You can’t do that, unless you show that the proportion of the tax they pay is significantly greater than the income they earn.

  • nomoretraitors

    Hopefully NYC will crash and crash hard. 74% of the electorate voted for this communist

  • 2mrixl1

    When you get rid of tariffs that protected the American economy for almost 200 years, when you write tax laws that encourage businesses to go overseas and import their products back into the country, when you allow masses of surplus labor to be imported to destroy American wages and living standards, you get Detroit.

    • Daniel Greenfield

      Those are certainly factors in the decline of American industry, but Detroit’s downfall on the government level didn’t have to be that extreme.

    • WW4

      Ross Perot was right?

  • It’sAllAboutLiberty!

    @BarackObama & @European_Union: Wealth redistribution & social justice Siamese twins.

  • David Brown

    I picture in my mind the many corporate CEO’s and presidents calling their finance officers to study the feasibility of a move. They know the increase won’t be a one time adjustment. And already, there are other cities and states planning their tax incentive programs, ready to go out to solicit these companies.

    • Drakken

      Just look at what gun manufactures and related industries are doing, they are moving from hostile states and moving to more welcoming ones. In Illinoxious, they are losing all their major manufactures to more greener pastures. This will get a lot worse.

  • Michael Shaw

    Going Galt is another option. Productive people could just earn enough for their own needs or even go on the dole themselves.

    • UCSPanther

      There’s a growing movement that is advocating for that kind of action and I agree with it.

  • Texas Patriot

    Daniel, that was really a great interview. Ann-Marie Murrell was a very sympathetic and intelligent host, and I thought she did a very nice job opening up the discussion. It was also very nice to hear that so many of her friends are waking up to what is happening in the world, and particularly the limited and slanted coverage of it by mainstream media. We need more Politichicks! Keep up the great work, but get some sleep. Twenty articles a day may be too much. Ten should be fine. ;-)

  • BagLady

    Then what is the answer? I see that 40% of Americans earn under $20,000 and 53% earn less than $30,000. Perhaps if you raised the minimum wage there would be more tax, more spending and not so many miserable people. The argument that this brings about more unemployment has been disproved time and time again. Unless the employer has already taken his business abroad, his threat of doing so is likely only that, a threat.

    • Daniel Greenfield

      If you raised the minimum wage, many low tier jobs go away, the price of goods goes up and we have to hope that it leads to an increase in spending and then all that will achieve is to keep everyone in the same place while having larger denominations of currency in their wallets.

      The core issue is buying power.

  • ADM64

    We can’t frame this as merely a practical issue. It must be said that if any part of the population does not have a right to its property, then no part does. We must emphasize that it is fundamentally both moral and just for people to own and keep, unconditionally, their property, the fruits of their labor. We must also emphasize that government exists only to protect rights, not to violate them.

    • Daniel Greenfield

      True. Divide and conquer has to stop

    • WW4

      That’s preaching to the choir, though. Private property IS fundamental to human dignity, and class warfare is a bankrupt notion, but it is still never a good idea to appear like you are ‘defending billionaires’ when the other guy appears to be ‘championing the common man.’ There’s a lot more of the latter.

      • ADM64

        I agree with you almost fully on that point. I would disagree by calling anyone the “common man.” We should emphasize that everyone is a unique individual with aspirations and rights, and that neither can be protected or realized if anyone else’s are shot down or attacked. All genuine achievement, great or small, should be recognized and applauded, as all of it contributes to a strong country and individual happiness. The real fight is between productive and self-reliant people across the economic spectrum on the one hand, and various forms of parasites on the other. The latter include plenty of rich people and the former, plenty of poorer ones.

  • BagLady

    Percentages, how I hate them. One percent pay 40% of the taxes. Thank you one percent. I shall doff my workman’s cap at you. Come on! I wasn’t always a baglady. I know the world of millionaires/lawyers/accountants. The question is, what percentage of their actual earnings is taxed. Not bloody 40% and that’s for sure. Where are we? Back to post-war rich-vs-unrepresented poor. It was then that the true Labour party began. The difference between then and now is that we have computers and robots that replace the physical side of things. I think the bloke working 30 years in the motor company, and helped earn the money to provide the company with the robots that were to replace him, is a worthy beneficiary of the innovation. Others on here would see this thinking as Commie mentality, preferring instead to view it as ‘progress’.

    And no, I am not advocating more tax for anyone. They show quite clearly that, like every other country in the world (egad) they are incapable of managing the extremely generous budget .

    You claim we are not being run by the Bilderbergs but then, if every country in the world is in debt — even Saudi Arabia — then either there is some ‘ultimate’ human power bloc manipulating us into a state of servitude through interest payments or logic has ‘accidentally’ gone out of the window. After all, how can we all owe money to people who produce nothing?

    • Daniel Greenfield

      The true Labour party? You mean the one without the pink flag?

  • lyndaaquarius

    Daniel Greenfield, your interview on the Glazov Gang was so good. My 15 year old daughter watched it with me. I’m so happy she has this opportunity to understand the world. Thank you so much. I’ve read that sitting is the new smoking,so I hope that you get enough proper exercise.Your ability to influence our society is huge. Take good care of yourself.

  • Hard Little Machine

    I have to guess that Detriot’s problems are less a factor of fleecing the rich and more a combination of killing off the middle class and rampant criminal corruption. That, and the fact that the union mind-set has engendered an entire population who’s only response to anything designed to save them from drowning is “NO”.

  • http://www.RiderBlog.NotLong.com/ Richard Rider

    A chilling clarification: In 2012, California didn’t just lose 5.2% of its businesses. It lost 5.2% of its businesses — NET!!!! In other words, in the hilariously misnamed “Golden State,” at the end of the year — even with all the new businesses formed — CA had 5.2% less businesses than at the start of the year.

    Indeed, in 2012, CA lost businesses at a 67.7% higher rate than the 2nd worst state!
    http://riderrants.blogspot.com/2013/07/in-2012-ca-lost-businesses-at-677.html

  • http://www.RiderBlog.NotLong.com/ Richard Rider

    In CA, “we” hate rich people. And we also think that they are incredibly stooopid — oblivious to massive tax increases on the rich. Consider our latest attack on top producers:

    Prior to Prop 30 passing in Nov. 2012, CA already had the 3rd worst state
    income tax rate in the nation. Our 9.3% tax bracket started at $48,942 for
    people filing as individuals. 10.3% started at $1 million.

    Now our retroactive (to 1/1/2012) “millionaires’ tax” rate is 13.3% – including capital gains (CA total CG rate now the 2nd highest in the world!). 10+%
    taxes now start at $250K.

    CA now has by far the nation’s highest state income tax rate. We are 21% higher than 2nd place Hawaii, 34% higher than Oregon, 47.8% higher than the next 2 states, and a heck of a lot higher than all the rest – including 7 states with zero state income tax.

    CA is so bad, we also have the nation’s 2nd highest state income tax bracket. AND the 3rd. Plus the 5th and 7th.

    http://taxfoundation.org/sites/taxfoundation.org/files/docs/ff2013.pdf Table #12
    and
    http://www.twitpic.com/9g2pka/full
    and
    http://tinyurl.com/CA-2nd-CG

  • http://www.RiderBlog.NotLong.com/ Richard Rider

    CA has the highest state sales tax rate in the nation. 7.5% (does not include local sales taxes).
    http://taxfoundation.org/article/state-and-local-sales-tax-rates-january-1-2012

    CA has the nation’s highest gas tax at 71.6 cents/gallon (October, 2013). National average is 49.5 cents.
    http://www.api.org/statistics/fueltaxes/ (CA also has the nation’s 3rd highest diesel tax – 76.2 cents/gallon. National average 54.8 cents)

    California in 2010 ranked 19th highest in per capita property taxes (including commercial) – the only major tax where we are not in the worst ten states. But the median CA property tax per owner-occupied home was the 10th highest in the nation in 2009.
    http://www.taxfoundation.org/taxdata/show/251.html
    and
    http://www.taxfoundation.org/taxdata/show/1913.html (2009 latest year available)

  • http://www.RiderBlog.NotLong.com/ Richard Rider

    In a new Kiplinger analysis, California is now ranked as the worst state to retire in — “up” last year’s 2nd worst rating. CA has easily the lowest percentage of people over age 65. We “beat” ’em all – NY, NJ, etc.
    https://www.fidelity.com/insights/retirement/10-worst-states-to-retire-2014

  • http://www.RiderBlog.NotLong.com/ Richard Rider

    736 top U.S.CEO’s surveyed rank California “the worst state in which to do business” for the 9th straight year (May, 2013). 24/7 Wall St. ranks CA the “worst
    run state” for 3rd year.
    http://chiefexecutive.net/best-worst-states-for-business-2013
    and
    http://www.TinyURL.com/WorstRunState

  • http://www.RiderBlog.NotLong.com/ Richard Rider

    California small businesses failed in 2011 at a rate 69% higher than the national average — the worst state in the nation.
    http://money.cnn.com/2011/05/19/smallbusiness/small_business_state_failure_rates/index.htm
    (based on Dunn & Bradstreet study)

  • http://www.RiderBlog.NotLong.com/ Richard Rider

    BOTTOM LINE IN CALIFORNIA:

    Consider California’s net domestic migration (migration between states). From 2000 through 2009, California lost a NET 1.5 million people. Net departures slowed in 2008 only because people couldn’t sell their homes. But more people still leave each year — in 2011 and again in 2012, we lost about 100,000 net people to domestic out-migration. Again, note that this is NET migration loss.
    http://www.newgeography.com/content/002585-new-census-data-reaffirms-dominance-south
    and
    http://tinyurl.com/2011-CA-migration

    These are not likely the welfare kings and queens departing. They are primarily the young, the educated, the productive, the ambitious, the wealthy (such as Tiger Woods) – and retirees seeking to make their nest-eggs provide more bang for the buck.

  • http://www.RiderBlog.NotLong.com/ Richard Rider

    For all the brash talk about leaving America, few are willing to depart. It’s too big a step, language problems, culture shock — and family ties all impede such a drastic change.

    But while few will leave this COUNTRY for a better life, they WILL leave a state. And do. And are.

  • MLCBLOG

    People have no idea how money is made, it seems. It is generated by personal production, whether in a large company or individuality, by giving value in the form of service or products.

    Even Rush L did not stop a caller who was peddling, or that is, freaking out, because of that old tired scenario that there is a limited amount of wealth and that if someone gets a bigger piece of pie he is shorting another person. So sad.

    We are created to prosper and we can get and create wealth and at the same time benefit our fellow man (as we Americans have done so well and why we have been so prosperous and free — so far).

    Sad to see.