Zohran Mamdani Appreciation Thread

  • Thread starter Thread starter JDs Couch
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JamesTiberiusKirk said:
I used Rolex and Bugatti as examples of expensive things that sell EVEN WHEN the price goes up. (Veblen goods) If the price of ownership of a luxury apartment goes up a few percentage points, it's not going to affect the market. Those people who can't afford the small increase can't afford the place (or item) in the first place.

And, the only place you can own a NYC penthouse, is in NYC. Sure, a penthouse in Wisconsin might be 1/10 the price but it's 1/10 the price BECAUSE it's in Wisconsin. A $5M apartment in NYC is that much because of the location.

Anyhow, time will tell which of us is correct.
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Here's an article I came across from 2019 by the CBC-NYC from when Cuomo and DeBlasio were attempting to pass a pied-a-terre tax. (link at bottom) It lays out some of the same flaws that are being overlooked now. One thing of note from the article is the people who own luxury 2nd homes pay the same/similar property & other taxes as full time residents while using less city resources.

As said though, what happens next is all speculative for the moment. I just don't see it being a net positive for NYC.

I think @IndyWS6 made a good general point. Everyone should pay their fair share, but why should someone be penalized with extra taxes for being successful? IMO imposing extra taxes on the wealthy points to jealousy, not fairness.

https://cbcny.org/research/pied-terre-tax
 
MadAsAHatter said:
Here's an article I came across from 2019 by the CBC-NYC from when Cuomo and DeBlasio were attempting to pass a pied-a-terre tax. (link at bottom) It lays out some of the same flaws that are being overlooked now. One thing of note from the article is the people who own luxury 2nd homes pay the same/similar property & other taxes as full time residents while using less city resources.

As said though, what happens next is all speculative for the moment. I just don't see it being a net positive for NYC.

I think @IndyWS6 made a good general point. Everyone should pay their fair share, but why should someone be penalized with extra taxes for being successful? IMO imposing extra taxes on the wealthy points to jealousy, not fairness.

https://cbcny.org/research/pied-terre-tax
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This is a bit of thread drift but I think it follows our discussion.

Personally I agree, no one should be burdened with an unfair amount of tax. I'd be all for a flat tax. Universal. Including churches. Plus close the loopholes the ultra wealthy have like using loans against mega-assests and other sneaky dodges the middle class can't use.

That'll never happen of course so we're stuck with band aid solutions to have the ultra rich pay the same amount as the rest of us.
 
JamesTiberiusKirk said:
This is a bit of thread drift but I think it follows our discussion.

Personally I agree, no one should be burdened with an unfair amount of tax. I'd be all for a flat tax. Universal. Including churches. Plus close the loopholes the ultra wealthy have like using loans against mega-assests and other sneaky dodges the middle class can't use.

That'll never happen of course so we're stuck with band aid solutions to have the ultra rich pay the same amount as the rest of us.
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They pay a hell of a lot more than the rest of us. And by us I mean me and most normal middle class people with actual taxable income.
 
Geo said:
My doctor specifically instructed me not to get libtard toe fungus on my lips.
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Why? Had you been doing a lot of that before he warned you? Must have, otherwise that wouldn't have come up in conversation.
 
Just for shits 'n giggles, WITHOUT googling, tell me what you think the word communism means.
 
So, you think it means "handsome guitarist".

You shouldn't use words you can't define. Why? Because you'll use them incorrectly and publicly display your ignorance.
 
JamesTiberiusKirk said:
Not by percentage of income. Not even close.
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Do you know who cares about percentage of income ? Jealous people. Lazy people. People who want other people to pay for shit they use. Progressive income tax is bullshit. You want to keep a higher percentage of your income, do the fucking work, get a good job.

The top 10% pay 40% of all federal tax. The bottom 31% pay zero.
 
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