Wednesday, August 05, 2020

When the tax beast comes around and bites the taxers in the ass


Mind you, Cuomo loves taxing the hell out of anyone who gets rich, he's just one who realizes there's a limit to what they will, and have to, put up with.
Lawmakers have proposed a wealth tax targeting the city's 100 billionaires to help fill a $30 billion (£23bn) budget shortfall created by the Covid-19 crisis.
Cuomo wants the rest of the country to save them instead, because
 “A single per cent of New York’s population pays half of the state’s taxes,” he said, “and they’re the most mobile people on the globe.”

Retailers say the city is now the worst place to do business in the country, blaming its strict months-long lockdown and exodus of its wealthiest residents.

They report foot traffic at Manhattan stores is down 85 per cent from a year ago. Nearly 3,000 small businesses in New York City have closed for good in the past four months.

Broadway theatres - normally a big draw for tourists - announced they will remain closed until at least January 2021.
And the clowns running the city/state did it all themselves.

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