Reader says Class warfare never works
Where are all these rising home values? Not here. Prices tanked from the high’s of 2006, 2007 and are nowhere near what they were.
Many of the big ‘earners’ left NYC years ago for CT. Then CT couldn’t resist and implemented an income tax. Many hedge funds are still in Greenwich and Stamford to avoid NY/NYC taxes.
Many of the very big earners that I know have moved to FL for their principle residence (when able). Unless they send their kids to boarding school, they’d stay around here until the last one graduates High school.
Many of the 500k-10million earner types have to have a presence in the area. But the real big earners head south. As such, their income taxes must be replaced by the rest of us.
Class warfare never works. But the left wingers keep using it to ‘rally the troops’ and in the end, the smart rich guys manage to legally keep as much of their well earned income away from the tentacles of the government. This crap never worked in Cuba and North Korea, and it wont work here. So will one of you Dumbocrats please tell Barry to pick a new subject.
“Class warfare” is the biggest load of bullshit since “Trickle down”.
Our economy is broken, and it’s not because the “poor class” is trying to take too much from the “rich class”.
Have you paid attention to the earnings reports recently? Earnings are great, but nobody is re investing in the business. Why? They’re too busy laying people off, raising dividends, and buying back shares.
Think about what that means for the long term prospects of the economy.
Who is going to patronize businesses when nobody has any money left? There will be a collapse in the equity markets when it becomes obvious that we’ve done nothing but pocket profits for a decade without reinvesting in the future. At that point, the “1%” will become the “0.01%” and the “0.99” who haven’t cashed in their chips be holding the bag, and maybe then some of you (us, really, because I’m already in the 1%) will get it. A healthy economy is one the benefits everyone. Screaming the latest FOX talking point about “Class Warfare” just exposes you for being myopic.
And for your information, class warfare has worked in the past. Marie Antoinette and Anastasia would agree. We don’t want it to come to that, do we?
Comrade chris matthews perhaps u should check your facts the wealth gap is exasberated by high taxes and high insurence and education costs ie Obamanomics
2nd the only people getting rich are political cronnies of obama in DC so yes off with there heads. If u have noticed the revolutions have started thai land , ukrain and socialist utopia venezuala the taget being the political class its coming sooner than u think
“There’s class warfare, all right, but it’s my class, the rich class, that’s making war, and we’re winning.” ~ Warren Buffett
Thanks for proving my point , Yes says warren buffet insurance billionare and huge financil supporter of obama and avid tax raiser for everyone but himself
Buffet advocates raising taxes for all of the wealthy INCLUDING himself. Don’t mis-state his words.
You should check his record his talk is cheap he avoids taxes at all cost and has cost taxpayers plenty
The reasons corporations don’t ‘re-invest’ is UNCERTAINTY. Business is not about to make any major investments in ‘plant and equipment’ when you have a socialist imposter President who is constantly playing class warfare in order to keep his constituents happy. If you had any basic ‘grasp’ of economics, you would know that any growth and profits generated this past decade came mostly from our US based corps expanding OVERSEAS.
Until there is a business friendly atmosphere in the USA don’t expect corporate American expand and invest here. Along the same, that is why corporations never expand in union friendly northeast states. They move down south to the ‘friendly’ Republican non-union states. Its easy to ‘vote with their feet’ and move.
Of course those of us left in NJ are stuck with paying higher taxes to pay for all the Obama supporters in Paterson, Newark, Jersey city , Camden and other various shitholes of the state.
Subsidizing $5 doctor’s visits co-pays a d $15 drug co-pays is costing Village property tax payers plenty
#8 said – Subsidizing $5 doctor’s visits co-pays a d $15 drug co-pays is costing Village property tax payers plenty
That is pennies compared to the Financial community bailout through the The Dodd–Frank Wall Street Reform and Consumer Protection Act (Pub.L. 111–203, H.R. 4173 that protects Banks and Investment Firms and then we have the 937 Recipients of taxpayer dollars – see link below
https://projects.propublica.org/bailout/list/index
Here are the numbers so far $609B Total disbursement
$384B Total returned
$237B Total revenues from dividends, interest, and other fees
$12.5B Total net to date
Anyone who is worried about co pays and doctors visits for Village Employees while ignoring the Financial community bailout and the cost to ALL taxpaying Americans is either a beneficiary of the government bailout or his company is a beneficiary.
Back to the beginning folks. Tax the rich works great until someone decides that if you make $50K per year, congratulations, you’re “rich”. When all of the “rich” are gone, who do you think is gonna pick up the tab for these over priced municipal services?
What we have is unsustainable.
By the way, sit back and watch what happens to NYC after a year or 2 of Bill DiBlasio.
I agree with you totally. DiBlasio was a non-event until he put his son ‘Dante’ in the tv commercials, using the race card to win votes. BTW, Dante is a likeable figure. I’d rather see him as mayor than his dad.
Lets not forget to ‘connect the dots’. Obama blocks the “XL” pipeline. Who benefits? Warren Buffet. How? Since there is no pipeline, oil must travel on Mr Buffett’s trains. How come the press doesn’t bring this up?
#9 Your chart shows that the U.S Govt is AHEAD by $12.5B to date because of the bailout. And read the chart. The biggest losers are the auto companies and Fannie and Freddie – bailouts to preserve the Democratic union voting base or support quasi government entities which have totally screwed up a market based system for financing home purchases. If anything your chart shows that we should have given the banks more money.
Really #14….do you know how to read. There is still 12.5 Billion owed to the Taxpayers. And what about the loss of interest on that money that was loaned and paid back without interest. Would you loan money to someone at no interest? That would be illegal by the way. We LOST money on GM (11 Billion), Chrysler (1.3 Billion) CIT group (2.2 Billion) and that is just the top of the list which you can see here –
https://projects.propublica.org/bailout/list/losses
The losses by Freddie were through toxic mortgaged backed securities that were sold by Financial Services companies who misrepresented to Freddie what the value of those securities. That is what contributed the 2008 financial collapse. Unions had NOTHING to do with what the Financial Services Companies did to screw the American tax payers.
and this has what to do with Ridgewood ?
Good point #13