Posted on 03/19/2009 1:49:17 PM PDT by reaganaut1
If this is true, why are so many Hampton houses up for sale?
Also why so many NYC expensive condos dropping in price?
Sure, raising the taxes now may not cause them to flee. But when taxes are raised again next year, and then the year after that, and the year after that, etc., etc., they WILL start leaving.
A blind man can see...
Never mind.
that is why I think we should eliminate the income tax and just institute “corporate taxes” for those EVIIIIILL corporations.
They will just pass the taxes on to the poor in cost of goods sold, which the poor are too stupid to understand
ping
At a certain point, if prices continue to fall, they will simply walk away and leave the real estate to decay back into the ground.
At which point, the county picks it up for taxes due, and turns these series of estates into a county or state park. Thus they end up with a broad greenbelt, and the agrarian life of simplicity they have always held up as the ideal.
Or a wilderness, begging for recolonization.
“...experts on public finance and migration say they have yet to document a substantial rich drain in states that have raised income taxes in recent years.”
They obviously haven’t bothered to interview the 300,000 native born Americans who have left California every year, for the last few years.
Most of them make $60K and up a year, so yeah, according to Obama’s “experts”, they’re all rich.
About 30 years ago I worked for a condo development in Naples, FL. I can’t tell you how many NY’ers moved to FL and
bought condos with the money they saved on income tax.
About 30 years ago I worked for a condo development in Naples, FL. I can’t tell you how many NY’ers moved to FL and
bought condos with the money they saved on income tax.
Interesting point:
“You cant tax too much those that can move.”
But you can tax too much those who can’t move.
Think about it.
Confiscatory taxation is fair for the democratic wealthy. I don’t see a problem with that as long as they are registered democrats, we can unburden them of the guilt they feel having accumulated all that money via capitalism.
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