Socialist Communist Democratic New York City mayor Bill De Blasio announced a unique and innovative plan to fix the city’s ailing mass transit system: tax the rich!
De Blasio on Sunday unveiled an election-year pitch to raise $800 million a year for mass transit by soaking the rich with a nearly 14 percent tax increase on high-income Big Apple residents.
The proposed city income-tax hike would raise the rate for individuals making more than $500,000 and married couples earning over $1 million from 3.876 percent to 4.41 percent. About $250 million would be used to subsidize half-price MetroCards for about 800,000 New Yorkers living in poverty.
“The top 1 percent can afford to do a bit more — and should, because a transit system that works makes New York City’s economy strong and benefits us all.”
Yes, because straight up socialism has worked so well in, say, Venezuela. Why any wealthy person would continue living in New York City is completely beyond me.
Margaret Thatcher said it best. “The problem with socialism is that you eventually run out of other people’s money.” And you have no right to that money in the first place.
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So, will he start by paying extra on his taxes? How about Bloomberg? And all the other liberal millionaires?
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Rudy Giuliani must be weeping like a lost child. Between Blomberg and this idiot everything he did in 8 years has been pretty much undone. But dumba$$ New Yorker’s only have themselves to blame.
Go ahead dumba$$ New Yorker’s watch your city turn back into an unlivable cesspool and blame it all on the 1%! It has nothing to do with you liberal morons electing this twit! Frackin idiots!
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The 1% can and will leave New York city for a better place to live. The ones that stay deserve a crappy life.
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The Limbaugh solution.
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I believe Maryland tried something like this. Those who couldn’t leave right away had their net worth restructured to fall below the threshold.
White flight? Try green flight.
Stay safe
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Metoo – Exactly. I’m all for giving to the poor – of your own accord – but there are far too many slugs living off the dole who think the money is owed to them.
TXNick – Probably, but they’ll make sure their tax loopholes and Cayman Islands accounts are all situated first.
William – Times Square is almost completely ruined now, after Giuliani resurrected it from the dead… and the hookers.
Cathy – Like, say, Hollywood types.
Lergnom – Philly is in the same boat. Jackass drunken mayor levies a beverage tax, and people gleefully flee. And Philly is not drawing businesses here, because of the draconian tax structure.
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De Blasio seems intent on returning the city the glory days of the 70’s. Rampant crime, graffiti and trash everywhere. Gangs running wild. What a tool.
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