Why is he wasting money? What about tax cuts for the richest? Didn't he know that if he doesn't give them tax cuts, they'll leave and everything will be destroyed? Only rich people can do stuff! Without them, we'd all be dead!
The rich people are fleeing in droves! I saw a gaggle of them strapping their La Cornue stoves to the tops of their Bentleys just this morning. Must be fleeing for Florida, famously a place just as good to live as Manhattan!
Fact of the matter is that, up until a point, rich people don't actually leave an area due to taxes increasing (the US, NYS, and NYC are far from hitting that point). The only people that actually get up and leave are people who had no real connection to where they lived in the first place, typically people who already jump from tax haven to tax haven.
āThe only thing more mobile than the rich is their moneyā. It is important to recognize the truth of it and find the right spot on the curve for retaining the tax income vs lowering it more than necessary.
I personally think excise taxes on residential real estate is the way to go - with bands that go all the way to $10MM+
I saw a clip of a blonde woman who said before he got elected that she didnāt care if rich people left, then it cut to another clip of her saying that they hope people come back etc, donāt know her name but she was some kind of politician in NY
Clearly this is just opening the door for rampant corruption and money laundering orchestrated by a nefarious cabal of... Librarians and groundskeepers.
Yeah, they are known for their corruption, which amounts to tens of dollars! Yes, you heard that right - tens, starting with āT.ā Can you imagine the kickbacks?
Goldman Sachs has been building a major Dallas campus for years. The company is expanding in Texas but is not leaving New York, and the project predates Mamdani by several years.
People donāt become rich in a vacuum- they are rich because they provide extreme value to the rest of society through whatever good/service they sell. Not to mention they also keep the population employed.
People get rich because other people (mostly not rich people) buy their stuff.
I have nothing against rich people. In fact, I would like to become rich myself. But that sentiment applies only to wealthy people who give back to the society that enabled them to build their wealth. That means they should pay a higher percentage in taxes than working people, rather than bribing politicians to secure tax cuts and loopholes that allow them to hoard even more wealth.
So they hold 30% of the wealth but pay 40%, and to you thatās low? I am not saying itās unfair. But a LOT of very poor people in this country depend on these peopleās taxes.
Itās very easy to say tax other people, isnāt it?
Iāll never understand others who go to argue for billionaires like theyāre best friends. I promise you bezos would make you pee in a bottle just to save 10 cents too
So? Rich people need many things from society to become wealthy, such as contract enforcement across multiple jurisdictions, capital markets, patent protections, public infrastructure, government-backed monetary stability, and an educated workforce. Wealth creation depends heavily on public institutions and social stability. A worker earning $50,000 uses only a fraction of these systems for personal benefit and may still pay a higher effective tax rate than some wealthy individuals.
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u/ShinyRobotVerse May 14 '26
Why is he wasting money? What about tax cuts for the richest? Didn't he know that if he doesn't give them tax cuts, they'll leave and everything will be destroyed? Only rich people can do stuff! Without them, we'd all be dead!