Soak-The-Rich Strategies Backfire In State After Deficit-Ridden State

Investors.com ^ | 10/07/2009 | STEVEN MALANGA

[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."

[John.Galt2012]

Ironic but predictable.

[Lazamataz]

"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!!

[KarlInOhio]

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).

[stockpirate]

“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

[ltc8k6]

Oct. 5 (Bloomberg) — New York State’s 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. It’s still 36 percent, meaning our revenues fell more in 2009 than they did in 2008

[originalbuckeye]

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.

[Buckeye McFrog]

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...

[KarlInOhio]

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.”

[Paine in the Neck]

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.

[originalbuckeye]

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.

[OneWingedShark]

Convert your Cash to Projectiles.

[rellimpank]

—yep—there are never nearly enough “rich” to go around to all those that want their money—

[Lakeshark]

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..........

[andy58-in-nh]

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.

[Lakeshark]

Read article and comment please.

[combat_boots]

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?

[OCCASparky]

Probably? PROBABLY?!?!?

THANK YOU, CAPTAIN OBVIOUS!!!!

[Vigilanteman]

This is David Patterson, the blind governor of New York. He has 20-20 vision compared to ObaMao, at least on this issue.

[Huskrrrr]

“Tax the rich, feed the poor, till there are no rich no more”

Ten Years After

Then what?

[wiggen]

tax the rich
feed the poor
till there no
rich no more.