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AOC Redefines the Term ‘Rich’
Wall St. Journal ^ | October 2, 2023 | Tim Hoefer

Posted on 10/04/2023 3:50:37 AM PDT by grundle

New York socialists calling for higher taxes aim to spread the tax net far beyond Wall Street, scooping up folks on Main Street—especially in the suburbs.

Bemoaning “violent budget cuts” at New York City agencies, Rep. Alexandria Ocasio-Cortez and her ideological allies are calling on the city and state to “fund resources for all New Yorkers” by raising taxes on the top 5% of New Yorkers. Considering the left’s prior focus on “the 1%,” this is a major development.

The top 1% of New Yorkers begins just south of $1 million in adjusted gross income. But the top 5% begins a little above $250,000—translating into married couples making $127,000 each.

More than 168,000 New York state and local government employees were paid more than $127,000 last year. Forty-five New York school districts paid most of their teachers and administrators at least that much, and about 70 police or fire departments had mean pay above that line.

The move from targeting the top 1% to the top 5% is a recognition that the socialist program, to borrow from Margaret Thatcher, risks running out of other people’s money.

(Excerpt) Read more at wsj.com ...


TOPICS: Miscellaneous
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1 posted on 10/04/2023 3:50:37 AM PDT by grundle
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To: grundle

Trust me, the “threshold” will be much lower than this.


2 posted on 10/04/2023 4:06:36 AM PDT by Shady (The Force of Liberty must prevail for the sake of our Children and Grandchildren...)
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To: grundle

New York is the place to be, for being robbed, killed or harmed. No wonder why the Douglass left for HOOTERVILLE.


3 posted on 10/04/2023 4:07:28 AM PDT by Deplorable American1776 (Guns don't kill people, LIBERALS DO!! Support the Second Amendment...)
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To: grundle

Why do rich people of power have to equate themselves with financial assets to be secure? There is so much more than just money. They are defining wealth, not rich. They are so small in life.

wy69


4 posted on 10/04/2023 4:08:11 AM PDT by whitney69
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To: Shady
New York City residents should pay 100% of their income in taxes.

Hey — if that is what it costs to fund your nanny state, then pony up!

5 posted on 10/04/2023 4:08:26 AM PDT by Alberta's Child (If something in government doesn’t make sense, you can be sure it makes dollars.)
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To: grundle

“More than 168,000 New York state and local government employees were paid more than $127,000”

Wow!, no wonder they are broke.


6 posted on 10/04/2023 4:13:15 AM PDT by DAC21
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To: grundle
More than 168,000 New York state and local government employees were paid more than $127,000 last year.

It's gotten to the point that NY government employees have to tax themselves in order to pay themselves.

7 posted on 10/04/2023 4:16:30 AM PDT by Right_Wing_Madman
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To: DAC21

Believe it or not, $127,000 is not that much money in NYC. With that you can afford what would be considered a middle class life in most of the rest of the country - not more than that.


8 posted on 10/04/2023 4:43:00 AM PDT by FLT-bird
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To: grundle

To a Leftist, rich is defined as anyone who has more money than they do.


9 posted on 10/04/2023 4:44:21 AM PDT by Brooklyn Attitude (I went to bed on November 3rd 2020 and woke up in 1984.)
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To: Brooklyn Attitude

Socialism is an ideology based on envy.


10 posted on 10/04/2023 4:51:40 AM PDT by SauronOfMordor (Either you will rule. Or you will be ruled. There is no other choice.)
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To: grundle

If the NY court is successful in redefining how taxes are collected by making the ‘assessed value’, (determined by the City and State with no actual appraisal valuation) equal to the fair market value, then they can lower the tax rate drastically, but increasing the values exponentially, so that taxes will be raised but the claim will be that they ‘lowered’ taxes. Real Estate taxes have always been political, especially in New York.


11 posted on 10/04/2023 4:53:17 AM PDT by silent majority rising
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To: grundle

They can always find someone worse off than you to justify taking everything you have.


12 posted on 10/04/2023 5:00:38 AM PDT by Justa (If where you came from is so great then why aren't Floridians moving there?)
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To: Brooklyn Attitude
..the socialist program, to borrow from Margaret Thatcher, risks running out of other people’s money.

WE ran out of 'other people's money' a long time ago. The Feds collect $4 trillion a year and spend $7 trillion.

Why tax anyone at all when the government spends to whatever excess that it chooses? Ergo, the current tax scheme is
only for exercising the "power to destroy."

13 posted on 10/04/2023 5:02:15 AM PDT by Thommas (The snout of the camel is already under the tent.)
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To: grundle

To a socialist, a rich person is anyone making more money than they do. A poor person is anyone making less. It’s a sliding scale based on your financial position. That’s part of how socialists create class envy.


14 posted on 10/04/2023 5:11:49 AM PDT by Dutch Boy (The only thing worse than having something taken from you is to have it returned broken. )
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To: Dutch Boy

Capitalism - The rich become powerful
Socialism - The powerful become rich

And AOC certainly has gotten rich since coming to DC.


15 posted on 10/04/2023 5:13:56 AM PDT by dfwgator (Endut! Hoch Hech!)
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To: Shady

Deep State’s definition of rich: Anyone drawing a private sector paycheck.


16 posted on 10/04/2023 5:19:04 AM PDT by mewzilla (Never give up; never surrender!)
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To: mewzilla

Democrats have better rhetoric. AOC uses the term
“violent budget cuts”
Republicans should use the term “violent tax increases”.


17 posted on 10/04/2023 5:21:42 AM PDT by brookwood (If we pay $400 billion for Green New BS, do we get a guarantee that the weather will improve? )
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To: grundle

The “Rich” are all those not poor.


18 posted on 10/04/2023 5:36:52 AM PDT by Renkluaf
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To: Brooklyn Attitude

“To a Leftist, rich is defined as anyone who has more money than they do.”

Many in the Left are rich themselves. They just use the term “rich” because it is a convenient cover for their taxes. They know lots of voters are envious of people with more money than themselves.

The Left NEED lots of money to fuel their socialism. Rich, middle class, poor. No matter. Cough it up for the collective.


19 posted on 10/04/2023 5:39:56 AM PDT by plain talk
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To: Deplorable American1776
"No wonder why the Douglass left for HOOTERVILLE."

Eighteen months ago I moved to Hooterville. It's nice to no be living in the shooting gallery of America's major and minor cities.

20 posted on 10/04/2023 5:50:40 AM PDT by The Duke
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