Report: New York and California Implements 50% Top Tax Rate on Wealthy

[UpAndComing]

Lotta coli brehs will be effected by this

That is exactly what will happen...

That new money has smartened up though and they are fleeing these blue state cities...

About 3.57 million people fled New York City between Jan. 1 and Dec. 7 in 2020 — and they were replaced by some 3.5 million people earning lower average incomes. That resulted in $34 billion in lost income.

bu bu bu but NYC can never go bankrupt...Keep chasing away the tax payer and let me know how that works out for you...

Middle Class is shrinking, but Coli Socialists are too blind or confused to listen

 

[null]

(taxable) income vs. wealth ..

 

[Johnny Kilroy]

Middle Class is shrinking, but Coli Socialists are too blind or confused to listen

That’s just more of a reason to implement socialism

 

[Wild self]

Middle Class is shrinking, but Coli Socialists are too blind or confused to listen

To combat income inequality, you enforce more laissez faire capitalism for the wealthy?

Tax the fukk outta corporations. End of story.

 

[Mordith]

Stupid. If you work your way up to that salary you should be able to benefit from it instead of paying more tax.

It amuses me how quickly some broke people cape for the wealthy....

 

[UpAndComing]

That’s just more of a reason to implement socialism

To combat income inequality, you enforce more laissez faire capitalism for the wealthy?

Tax the fukk outta corporations. End of story.

They already tax the Corporations, they tax them twice. And they STILL find loopholes

Lowering everyone's taxes >>>>>>> Taxing the Wealthy at a higher rate when they can spend millions on Lawyers/CPAs to avoid them

I guess Basic Economics are tough to understand on the Coli

 

[Wild self]

They already tax the Corporations, they tax them twice. And they STILL find loopholes

Lowering everyone's taxes >>>>>>> Taxing the Wealthy at a higher rate when they can spend millions on Lawyers/CPAs to avoid them

I guess Basic Economics are tough to understand on the Coli

No, because no other first-world country does that and stay a 1st world country, like America.

Go back to Eisenhower era tax code, and all the problems will be solved.

 

[Pimp]

It amuses me how quickly some broke people cape for the wealthy....

Post your account and I'll post mine..

 

[null]

No, because no other first-world country does that and stay a 1st world country, like America.

Go back to Eisenhower era tax code, and all the problems will be solved.

Jersey ?

Flat tax - Wikipedia


or USA since 1950's

"91%
The top marginal tax rate was 91% during the 1950s."
Taxes on the Rich Were Not That Much Higher in the 1950s

 

[RARI_Godwind]

Let me introduce y’all to the wonderful phenomenon of carrying capacity and K curves

The theory states there’s only so much a certain population can grow to in number within a certain environment.

1. There is no other city like NYC, that has an immense carrying capacity for all social classes.
2. If people, particularly from NYC, try to set up shop elsewhere for the lives that they’re use to, they’re in for many rude awakenings
3. A combination of 1 and 2, not saying there’s thaaat many Millionaires, but there’s simply not enough places for them to go, want to go, or be welcomed to be.

It may lead to some interesting literal and figurative developments, but it would be a larger undertaking to restructure somewhere outside of NYC to carry an NYC feel than to stay and pay taxes.

This Thread the exact sht I was talkin bout.

And that’s just Cali niqqas. It’s not even just Texas being affected. They going in droves to the whole West US. Colorado, Nevada, Arizona, NM, Wyoming, Idaho!!!

Now think what’s gonna happen when you add rich uppity New Yorkers to the equation in these same areas.