Posted on 03/26/2017 6:38:24 PM PDT by 198ml
New York has a problem: buying an apartment here is way too expensive. Mayor de Blasio has grouchily ambled along with a solution: make apartments even more expensive.
That makes no sense. But it’s the principle of the mayor’s proposed “mansion tax.” Last week, de Blasio went up to Albany to push his idea: forcing home buyers to pay a “paltry” 2.5 percent tax on the value of purchases above $2 million.
The tax would raise $336 million a year. That would be enough to subsidize 25,000 poorer elderly folks’ rent by a little more than $1,000 a month, as the mayor told attendees at two senior centers last week.
Helping seniors is a fine idea. But the good news is that New York will take in $57 billion from existing taxes in the fiscal year that starts in July, a nearly $2.2 billion increase from the current year. If it’s so important, the mayor can find a way to pay for it with all of that extra money.
(Excerpt) Read more at nypost.com ...
Each way.
bkmk
“That’s why I commute 2 1/2 hours to work. Each way.”
That’s why I left.
I just don't buy the premise that anyone should subsidize anyone else's housing costs. If you can't afford NYC, move. Problem solved.
That is insane. Seriously, I feel for you. Wow.
Wow. Hope it’s worth it! I would slit my wrists if I had to do that!
Any wealthy person who chooses to buy a big home in NYC deserves this expropriation.
The math does not add up. What about the other $211 million. Where does the rest of the money go?
25,000 x 1,000 = 25,000,000
FTA: The tax would raise $336 million a year. That would be enough to subsidize 25,000 poorer elderly folks’ rent by a little more than $1,000 a month
DeBlasio’s a commie. What did you think he was going to do?
2 1/2 hours each way?
I hope you have short work hours.
Libtards dont understand how free market economics works...
So its ok to rob peter to buy paul’s vote...
And behind it all ultra wealthy landlords profit from the scheme and contribute to campaigns...
Brilliant
Just like big bird’s scheme to shut down the horse and carriages for his wealthy real estate moguls...
The hypocricy reeks to high heaven....
But that’s how LIBTARDS roll...
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