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NYC has the most millionaires of any large metro area — how long till Dems drive them out?
Nypost ^ | 05/12/2024 | Post Editorial Board

Posted on 05/12/2024 3:08:21 PM PDT by ChicagoConservative27

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I'm going to go with 15 to 20 years
1 posted on 05/12/2024 3:08:21 PM PDT by ChicagoConservative27
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To: ChicagoConservative27

Given the level of BiXiden, et.al.’s Inflation, this is not surprising.


2 posted on 05/12/2024 3:11:24 PM PDT by Paladin2
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To: ChicagoConservative27

Billy Joel said it would be 2017.


3 posted on 05/12/2024 3:12:15 PM PDT by dfwgator (Endut! Hoch Hech!)
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To: dfwgator

6 months and a day is all it takes.

Billy wasn’t far off.


4 posted on 05/12/2024 3:16:21 PM PDT by FLNittany (Autotune is jealous of Karen Carpenter)
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To: ChicagoConservative27

NYC has the largest number of high end residential properties owned by LLCs, Trusts, non-profits and any other tax dodge the finest lawyers and accountants can dream up! The don’t pay a lot of tax……


5 posted on 05/12/2024 3:23:50 PM PDT by Lockbox (politicians, they all seemed like game show hosts to me.... Sting…)
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To: ChicagoConservative27

There was a hit TV show called “The Millionaire” that ran from 1955 to 1960. A millionaire indulged himself by giving away $1 million apiece to persons he has never met.

These days people think “A million bucks? That’s not so much.” Millionaires in NYC are a dime a dozen. But it was REAL money back in 1960. A million then is $10.5 million in 2024.

A show titled “The Ten Millionaire” just doesn’t have the same ring to it. Maybe “The Decamillionaire”?


6 posted on 05/12/2024 3:23:54 PM PDT by ProtectOurFreedom (“When exposing a crime is treated like a crime, you are being ruled by criminals” – Edward Snowden)
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To: ChicagoConservative27

If you’re a millionaire, you’re likely to have several homes. One in California, one in NYC, your primary residence may be in Florida.


7 posted on 05/12/2024 3:27:03 PM PDT by MinorityRepublican
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To: ProtectOurFreedom

Daddy warbucks.


8 posted on 05/12/2024 3:27:56 PM PDT by going hot (Happiness is a Momma deuce)
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To: ProtectOurFreedom

“Maybe ‘The Decamillionaire’?”

Soon, the billionaire.


9 posted on 05/12/2024 3:33:29 PM PDT by Jyotishi (Seeking the truth, a fact at a time.)
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To: ProtectOurFreedom

“A million then is $10.5 million in 2024.”

Or more. I think gasoline was 21 cents a gallon in 1960.

As late as 1972 gasoline was about 30 cents a gallon.

One million then is probably equal to 15 million dollars today.


10 posted on 05/12/2024 3:41:00 PM PDT by jeffersondem
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To: ChicagoConservative27

The problem with using a million dollars as a gauge is that a million dollars isn’t what it used to be.


11 posted on 05/12/2024 3:41:58 PM PDT by KrisKrinkle (c)
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To: jeffersondem

It’s staggering — 10X to 15X debasement of the currency happened in 60 years. I’m 72 and saw most of that.

The Fed and going off the gold standard and moving to fiat currency did that.

It’s really hard to plan your financial future in that environment. You start off thinking “I’ll need $1 million to retire” but, when you get there, that $1M became $10M.


12 posted on 05/12/2024 3:45:33 PM PDT by ProtectOurFreedom (“When exposing a crime is treated like a crime, you are being ruled by criminals” – Edward Snowden)
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To: MinorityRepublican

Primary residence in Florida?

New York’s taxing authority begs to differ.

Actually, it’s not begging. It’s just differing. No matter how many overnights you spend per year in your New York residence.


13 posted on 05/12/2024 3:48:36 PM PDT by one guy in new jersey
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To: ChicagoConservative27

Between New York and DC, behold the biggest collection of filthy rich filthy magnum gonefs in the world.


14 posted on 05/12/2024 3:51:04 PM PDT by Bonemaker (invictus maneo)
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To: ChicagoConservative27

Good, let them pay for the city they created, cut federal funds accordingly.


15 posted on 05/12/2024 3:55:48 PM PDT by Reno89519 (If Biden is mentally unfit to stand trial, he is mentally unfit to be president. He needs to resign.)
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To: one guy in new jersey

Only if you spend more than 184 days in New York.


16 posted on 05/12/2024 3:56:04 PM PDT by MinorityRepublican
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To: ChicagoConservative27

The Cuellar situation in Texas should be a warning that no one is safe from the fascist DOJ…


17 posted on 05/12/2024 3:57:40 PM PDT by gov_bean_ counter (Eccl 10:2 - The heart of the wise inclines to the right, but the heart of the fool to the left )
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To: ChicagoConservative27

First one has to question what criteria they are using to determine who is a millionaire?

If it includes real estate and immovable assets these things are hard to move out of state and therefore discourage relocation of the owner.

Also take in to consideration that inflation in the last ten years has driven many peoples paper wealth up. People that 10 years ago would have been worth 700 to 800 grand are today millionaires.

On paper my wife and I are millionaires. Trust me we live very modestly and do not consider ourselves wealthy. We are comfortable but in no way wealthy. Most of our wealth is wrapped up in retirement funds so most of our wealth is very limited in what we can do with it and always under threat of confiscation by government.

Being a millionaire doesn’t mean what it used to mean.


18 posted on 05/12/2024 4:00:55 PM PDT by Pontiac (The welfare state must fail because it is contrary to human nature and diminishes the human spirit.)
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To: MinorityRepublican

how to become a millionaire...start with a billion then get married and move to New York n


19 posted on 05/12/2024 4:33:05 PM PDT by Qwapisking ("IF the Second goes first the First goes second" L.Star n )
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To: ChicagoConservative27

A fortune to be made running a daily jet shuttle from NYC to Palm Beach.


20 posted on 05/12/2024 5:20:46 PM PDT by bigbob
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