This is not about wealth though, but income instead.
I doubt those income millionaires can just leave New York and be better off than paying an additional 2% income tax while staying in NY.
In all likeliness they’d have much more net loss from leaving NY than from additional measly 2% tax.
Frankly said, whether they spend their money or not is their business. If they are involved in shenenigans like you described that needs to be regulated, because it sure looks like tax evasion.
And regarding the proposed tax (quoting the linked article):
“The Millionaire Tax will impose an additional 2% income tax on the top 1% in NYC, who are earning over $1 million per year”.
So this tax in no way designed to tax their wealth, but merely their income by another measly 2%.
Nobody will become poor because of this. Some income millionaires just become slightly slower even more rich than they already are.
Have them move elsewhere and see whether they can keep their annual income in the millions there.
I, for one, am willing to call their bluff.
And once that is done, implement a wealth tax for the people who own x million USD.
To keep them from freaking out, it can be as low as 5% annually, because that would still allow them to generate a net increase of their wealth.
If they complain, increase the tax and start draining their fortune.
And even if some of them really move: is it worse them not paying taxes while not being there at all?
I don’t see the the core of their threat.
And that’s what gives (me) hope.
Were all as bleak as the rest, I’d hope for a hit by a meteor of the mass extinction event type.
…but there still is hope for change.
I suppose it’s a way to fill the pockets of the Tylenol brand owner, because I can clearly see a successful defamation claim coming.
A new and creative way to move more money from the working class (tax payers) to rich people.
Wasn’t he also against free lunches?
Apparently the last one cost his life, which is far from free.
It’s not that I necessarily celebrate his death, but I celebrate that the danger he posed to an inclusive and peaceful society has been mitigated for good.
Whoever claims that this is no reason to celebrate, is an evil person.
Noam Chomsky feels left out.
Sure they can: they can order the ICE domestic terrorists to go unmasked - no way to unmask them with AI.
And while they’re at it, they can make them wear pseudonymous identifiers.
In a law and order state (by meaning and not only name) this would be a given. The difference from it tells a lot.
Now that’s a comment I can agree with, except for the part about Ukraine being a hostile country.
The economic situation in Russia might be even more dire than your post makes it seem. Not only were wages skyrocketing due to the war and the war industry causing a labor shortage. A lot of workers apparently aren’t getting paid and lots of goods have become more expensive, which should lead to a dwindling domestic demand.
The transformation from a war industry to a regular one will be painful and I dearly hope there will be a lot of pain added by making Russia pay for the damage they’ve done. Better make them learn the lesson now than at their next attempt.
Without the support of especially China, India and North Korea, but also parts of eastern European countries, the Russian economy would already be in shambles.
But even with money being made from exporting oil and gas, Russia’s financial reserve went down a lot over the last years.
Peace only works, if all parties involved are interested in that.
If less than all are interested in that, these are the ones at the short end of the stick who get crushed down by the bullies over and over and over…
Russia need to be made interested in a lasting peace and that is not done by rolling over.
So attacking Ukraine, taking Crimea and other parts of Ukraine, waging a war against civilians, bombing cities and the people there, abducting children, torturing prisoners of war, etc. would basically be rewarded by granting them a part of the conquered territory and leaving them off the hook for all the atrocities they’d committed?
Russia didn’t honor the https://en.wikipedia.org/wiki/Budapest_Memorandum.
They need to pay - for all of it and big time.
I can understand why Ukraine doesn’t roll over. The likely price for immediate peace would just be higher than the price of continuing the war and defending themselves.
Why should Russia be believed to honor any agreement, if they didn’t honor the Budapes Memorandum? How long until another attack by Russia would happen?
How would Ukraine stop the war in a way they haven’t tried already?
I’m curious to read your solution.
You’re talking about mammals only, right?
E.g. fish disagree by and large.
Aren’t most US Americans immigrants if you just go back in time long enough?
Hell, even Native Americans must’ve immigrated somewhen.
It’s all about ‘I got mine, fuck you!’ attitude.
Is that how you start the trickle down process?
Make an educated guess.
Capitol rioters already proved they don’t care about the law.
Undocumented immigrants do care, because they don’t want to attract attention.
I know whom to bet on.
Everyone living (on the whole earth!) has ancestors from there, right!
https://en.m.wikipedia.org/wiki/Recent_African_origin_of_modern_humans
Ok, let’s call it ‘taxable income’ then to have a basis of what is going to be taxed (more).