Posted on 08/07/2017 10:59:02 AM PDT by Oldeconomybuyer
New York City Mayor Bill de Blasio on Monday proposed raising taxes for the wealthiest New Yorkers to increase funding for the city's deteriorating subway system.
His plan, an increase in the tax rate on an individual's income above $500,000 to 4.41 percent from 3.876 percent, would also fund half-price bus and subway rides for up to 800,000 of the city's poorest residents, he said.
De Blasio, a Democrat, said his plan would raise an additional $700 million in 2018 for the subway and bus system, and that the additional revenue could be used to borrow more funding even sooner.
About 32,000 of the city's wealthiest residents would see their taxes rise, de Blasio said.
(Excerpt) Read more at reuters.com ...
They will leave..................and not via the subway.............
Perhaps they can get rush limbaugh to pay for it..:oh wait...hahahaha
I’m curious - don’t the “fare funds” cover the cost of maintenance?
jackasses
That is really funny.
De Blasio’s a Democrat? I thought he was a card-carrying Commie.
Given 80% - 90% of the city “rich” are liberals, I suspect they will have no problem funding socialist programs through higher taxes such as this
Perhaps if they weren’t paying for all the illegals......oh, wait. Never mind.
Given 80% - 90% of the city “rich” are liberals, I suspect they will have no problem funding socialist programs through higher taxes such as this.
Those NYC liberals will be happy to pony up the extra taxes after they leave this orb.
2 words, Kaiser Wilhelm: Laffer Curve.
Rich New York City leftists elected De Blasio so I have no problem with De Blasio raising their taxes.
Good news for luxury van lines companies, Florida homebuilders and concierge movers.
Rich New York lefties headed south to make new liberal crap holes there.
And no Sandoz will see any real job!
I left the Seattle area over six years ago because of this kind of nonsense. In my case its not that I’m “rich”. It was because the taxes were too high for the middle class, and the loss of freedom was the REAL reason. Little things like being able to build a shed without a permit, save the rain water off your roof, stuff like that.
Yep. He needs to read up on this:
https://www.google.com/search?safe=off&q=the+laffer+curve&oq=the+laffer+curve
This is a GREAT idea! Democrats should HURT the rich so they know what it feels like and know who is doing it to them, and drive them out of New York City into the bargain. What’s not to like about this?
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