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Soak-The-Rich Strategies Backfire In State After Deficit-Ridden State
Investors.com ^
| 10/07/2009
| STEVEN MALANGA
Posted on 10/08/2009 8:43:32 AM PDT by John.Galt2012
"You heard the mantra, 'Tax the rich, tax the rich,'" Paterson said. "We've done that. We've probably lost jobs and driven people out of the state."
(Excerpt) Read more at investors.com ...
TOPICS: Business/Economy; Editorial
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Ironic but predictable.
To: John.Galt2012
"You heard the mantra, 'Tax the rich, tax the rich,'" Paterson said. "We've done that. We've probably lost jobs and driven people out of the state."NO WONDER OBAMA WANTS THIS GUY GONE!!!!
He's breaking ranks with Marxist Ideology!!
2
posted on
10/08/2009 8:46:02 AM PDT
by
Lazamataz
(DEFINITION: rac-ist (rA'sis't) 1. Anyone who disagrees with a liberal about any topic.)
To: John.Galt2012
Socialism only works (sort of) if everyone is a socialist. One light of economic freedom is enough to show those who desire not to be chained where the escape route is.
(Now examine why the OECD is fighting so hard against tax haven countries).
3
posted on
10/08/2009 8:47:22 AM PDT
by
KarlInOhio
(Rio: Gold / Madrid: Silver / Tokyo: Bronze / Obama: Lead weight.)
To: John.Galt2012
“Every where is dykes and fairies”
“tax the rich, till there are rich no more”
“Tell me, where is sanity”
Ten Years After - Alvin Lee
4
posted on
10/08/2009 8:47:45 AM PDT
by
stockpirate
("I came NOT to bring peace but a sword." - Jesus Christ)
To: John.Galt2012
Oct. 5 (Bloomberg) — New York States income tax revenue has dropped 36 percent from the same period in 2008, Governor David Paterson said, frustrating his attempt to close a projected $2.1 billion budget deficit.
We added personal income tax, which we thought would make the falloff 10 percent to 15 percent, Paterson, a Democrat, said on CNBC today, referring to $5.2 billion in new or increased taxes. This is what is so frustrating. Its still 36 percent, meaning our revenues fell more in 2009 than they did in 2008
5
posted on
10/08/2009 8:48:17 AM PDT
by
ltc8k6
To: John.Galt2012
Wow. Color me shocked. A Dem who actually told the truth once. When you overwhelmingly overtax producers, producers will stop producing or go somewhere where they are not overtaxed. Just ask all the British Rock Stars and actors from the 60-70s.
To: John.Galt2012
that’s why they are pushing a Global Tax...so someday (in the words of Democrat Detroit City Councilwoman Martha Reeves) you will have...
No place to run to
No place to hide...
To: Lazamataz
Similar to the GEICO commercials stating “So easy even a caveman can do it”, Obamanomics are “So bad that even a blind man can see it.”
8
posted on
10/08/2009 8:49:11 AM PDT
by
KarlInOhio
(Rio: Gold / Madrid: Silver / Tokyo: Bronze / Obama: Lead weight.)
To: John.Galt2012
This is why the left is making noises about international taxing authority thru the UN or such. No tax havens — problem solved. The ‘rich’ will have nowhere to hide their ill-gotten wealth.
9
posted on
10/08/2009 8:49:20 AM PDT
by
Paine in the Neck
(Nepolean fries the idea powder)
To: John.Galt2012
Listen to the Beatles Taxman:
‘there’s one for you nineteen for me’
‘if 5% should seem too small, be thankful I don’t take it all’
We must fight the Global Tax. The world can’t sustain it.
To: Paine in the Neck
Convert your Cash to Projectiles.
11
posted on
10/08/2009 8:52:57 AM PDT
by
OneWingedShark
(Q: Why am I here? A: To do Justly, to love mercy, and to walk humbly with my God.)
To: John.Galt2012
—yep—there are never nearly enough “rich” to go around to all those that want their money—
12
posted on
10/08/2009 8:55:54 AM PDT
by
rellimpank
(--don't believe anything the MSM tells you about firearms or explosives--NRA Benefactor)
To: John.Galt2012
Wasn't Patterson the one who commented on Rush Limbaugh leaving, saying he would have raised taxes sooner if he had know that was what it would take to get rid of him?
The chickens are coming home to roost..........
13
posted on
10/08/2009 8:57:17 AM PDT
by
Lakeshark
(Thank a member of the US armed forces for their sacrifice)
To: John.Galt2012
The point of raising taxes based on wealth is not to raise revenue - that is merely a pretext. The point is to punish and control, to redistribute the wealth and purchase the loyalty of those to whom it is transferred.
14
posted on
10/08/2009 8:58:11 AM PDT
by
andy58-in-nh
(America does not need to be organized: it needs to be liberated.)
To: parsifal
Read article and comment please.
15
posted on
10/08/2009 8:58:12 AM PDT
by
Lakeshark
(Thank a member of the US armed forces for their sacrifice)
To: OneWingedShark
Ayres said ‘kill the rich’
Oddly suicidal, seeing as how he’s a child of wealth. Do we think he gave his money away? Or didn’t use it as cache (needs an accent on the e but I don’t know how to do that in HTML)
Would we have ever cared about his fate had he not had the funds to run and hide or get off the conspiracy charge?
Is he even in the country anymore?
16
posted on
10/08/2009 8:58:28 AM PDT
by
combat_boots
(The Lion of Judah cometh. Hallelujah. Gloria Patri, Filio et Spirito Sancto.)
To: John.Galt2012
Probably? PROBABLY?!?!?
![](http://voicetalentproductions.com/blog/wp-content/uploads/2009/06/captain-obvious.jpg)
THANK YOU, CAPTAIN OBVIOUS!!!!
17
posted on
10/08/2009 8:59:55 AM PDT
by
OCCASparky
(Steely-Eyed Killer of the Deep)
To: Lazamataz
This is David Patterson, the blind governor of New York. He has 20-20 vision compared to ObaMao, at least on this issue.
18
posted on
10/08/2009 9:00:01 AM PDT
by
Vigilanteman
(Obama: Fake black man. Fake Messiah. Fake American. How many fakes can you fit in one Zer0?)
To: John.Galt2012
“Tax the rich, feed the poor, till there are no rich no more”
Ten Years After
Then what?
19
posted on
10/08/2009 9:03:47 AM PDT
by
Huskrrrr
To: stockpirate
tax the rich
feed the poor
till there no
rich no more.
20
posted on
10/08/2009 9:04:42 AM PDT
by
wiggen
(Never in the history of our great country have the people had less representation than they do today)
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