This is going to backfire comedically on both of them...
The idea the rich need these states is beyond stupid, the idea you're going to force them to finally start paying taxes is even stupider...
Neither state is looking at the real problem for them which is going to burst badly, both states are currently undergoing a mass exodus of their middle class aka the American payer...
The 1% has finessed y’all again to cape for them. Please looks at the tax rate during Americas golden era. It was 91% in the 50s and 60 to 90 in the 70s. And guess what the rich still came out insanely wealthy and most didn’t complain.
This is because they knew their money contributed to the American infrastructure and workers who in turn were able to afford their products and services. They got their money back through capitalism. But all that shot changed with Reagan.
The rich are lucky it’s only 50% and not 90. That tax rate helped America become the wealthiest nation alwith the strongest economy. We forget that because of how well the greedy rich lobby.
Will it really though?
I made $300K last year and 43% of my money went to taxes.
There are only so many places in the country I can make that doing what I do and they're all in blue states. Going to Florida or Texas would mean I would have to take 50+% pay cut
The cost of housing would be cheaper but my car loan gonna be the same, my student loans gonna be the same, cable/internet gonna be the same, and so and so on.
Shoot, in Texas I might be paying $5000 in electric and water bills if it snows
Here's why Europe has mostly ditched wealth taxes over the last 25 years — even as Elizabeth Warren and Bernie Sanders seek them for the US
What the U.S. Can Learn From Wealth Taxes in the OECD
Democrats/liberals wont change this silly approach till they have to.
France did the same thing and repealed the wealth tax quickly when the rich began doing what everyone said they wouldn't do... move.
...what sucks is that the people at the bottom are the ones ultimately hurt by this progressive nonsense.
and both of those place will fall apartNo one ever really paid that. America was wealthy because every competitor was bankrupt and destroyed from WW2.The 1% has finessed y’all again to cape for them. Please looks at the tax rate during Americas golden era. It was 91% in the 50s and 60 to 90 in the 70s. And guess what the rich still came out insanely wealthy and most didn’t complain.
This is because they knew their money contributed to the American infrastructure and workers who in turn were able to afford their products and services. They got their money back through capitalism. But all that shot changed with Reagan.
The rich are lucky it’s only 50% and not 90
Sure. But there’s more to their identity than being rich, part of that is what New York provides and what other places cannot. And those places have their own identities. It’s gonna be cheaper to some to stay home than forge new identities. New York is a nationality.
this is an old taxation rate and it doesn't apply to income under a certain amount
but tax regular people heavier even thought they do provide actual benefits like universal healthcare.Here's why Europe has mostly ditched wealth taxes over the last 25 years — even as Elizabeth Warren and Bernie Sanders seek them for the US
What the U.S. Can Learn From Wealth Taxes in the OECD
Democrats/liberals wont change this silly approach till they have to.
France did the same thing and repealed the wealth tax quickly when the rich began doing what everyone said they wouldn't do... move.
The vast majority of them didn’t work their way to that salary on their own Merits or talents.
