▲ -5 ▼ Mamdani tax break proposal sparks fears as business leaders warn of ‘fragile’ NYC economy (www.foxbusiness.com) submitted 4 months ago by realcaseyrollins@hilariouschaos.com to c/finance 11 comments fedilink hide all child comments Billionaire CEO warns middle-income professionals and small business owners could leave the city https://www.foxbusiness.com/media/mamdani-tax-break-proposal-sparks-fears-business-leaders-warn-fragile-nyc-economy
[–] Mandarbmax@lemmy.world 4 points 4 months ago (10 children) 🤣🤣🤣 I'm sure this billionaire has no ulterior motives to oppose the progressive tax plan permalink fedilink source hideshow 10 child comments replies: [–] realcaseyrollins@hilariouschaos.com [S] -4 points 4 months ago (9 children) Ain't nothing ulterior about it! The ultra-rich will leave if Mamdani keeps trying to squeeze them for cash, but probably don't want to. permalink fedilink source parent hideshow 9 child comments replies: [–] mos@lemmy.world 4 points 4 months ago (4 children) Do you have data to support this theory about billionaires leaving states because of taxes or is it based on emotions? permalink fedilink source parent hideshow 4 child comments replies: [–] realcaseyrollins@hilariouschaos.com [S] -3 points 4 months ago (3 children) Yes on the former. I will leave the latter to you. permalink fedilink source parent hideshow 3 child comments replies: [–] mos@lemmy.world 1 point 4 months ago (2 children) “More than 125,000 New Yorkers have fled to Florida in just the past few years, carrying nearly $14 billion worth of income with them” wouldn’t this mean that on average these New Yorkers earned about 110k? So not really an example of millionaires fleeing the state. permalink fedilink source parent hideshow 2 child comments replies: [–] realcaseyrollins@hilariouschaos.com [S] -4 points 4 months ago (1 child) Do you have to make a million dollars in annual income to be a millionaire? permalink fedilink source parent hideshow 1 child comment replies: [–] mos@lemmy.world 3 points 4 months ago Good point! Income is also not the primary revenue stream of the ultra rich. permalink fedilink source parent [–] Mandarbmax@lemmy.world 2 points 4 months ago (3 children) "Billionaire CEO warns middle-income professionals and small business owners could leave the city" I'm talking about the threat that people other than the ultra wealthy would leave permalink fedilink source parent hideshow 3 child comments replies: [–] realcaseyrollins@hilariouschaos.com [S] -3 points 4 months ago (2 children) Unless the infrastructure is rapidly improved, the housing crisis is swiftly solved, or taxes are lowered, I don't think anyone has the power to stop that from happening. permalink fedilink source parent hideshow 2 child comments replies: [–] Mandarbmax@lemmy.world 2 points 4 months ago (1 child) Good news! He isn't raising taxes on the working class, he is working on infrastructure (filling a thousand pot holes in a day for example), and his tax on second homes will help with housing! You should be elated! permalink fedilink source parent hideshow 1 child comment replies: [–] realcaseyrollins@hilariouschaos.com [S] -4 points 4 months ago I am happy about the infrastructure plans, although I do not believe that his plans to fix housing will work. permalink fedilink source parent
[–] realcaseyrollins@hilariouschaos.com [S] -4 points 4 months ago (9 children) Ain't nothing ulterior about it! The ultra-rich will leave if Mamdani keeps trying to squeeze them for cash, but probably don't want to. permalink fedilink source parent hideshow 9 child comments replies: [–] mos@lemmy.world 4 points 4 months ago (4 children) Do you have data to support this theory about billionaires leaving states because of taxes or is it based on emotions? permalink fedilink source parent hideshow 4 child comments replies: [–] realcaseyrollins@hilariouschaos.com [S] -3 points 4 months ago (3 children) Yes on the former. I will leave the latter to you. permalink fedilink source parent hideshow 3 child comments replies: [–] mos@lemmy.world 1 point 4 months ago (2 children) “More than 125,000 New Yorkers have fled to Florida in just the past few years, carrying nearly $14 billion worth of income with them” wouldn’t this mean that on average these New Yorkers earned about 110k? So not really an example of millionaires fleeing the state. permalink fedilink source parent hideshow 2 child comments replies: [–] realcaseyrollins@hilariouschaos.com [S] -4 points 4 months ago (1 child) Do you have to make a million dollars in annual income to be a millionaire? permalink fedilink source parent hideshow 1 child comment replies: [–] mos@lemmy.world 3 points 4 months ago Good point! Income is also not the primary revenue stream of the ultra rich. permalink fedilink source parent [–] Mandarbmax@lemmy.world 2 points 4 months ago (3 children) "Billionaire CEO warns middle-income professionals and small business owners could leave the city" I'm talking about the threat that people other than the ultra wealthy would leave permalink fedilink source parent hideshow 3 child comments replies: [–] realcaseyrollins@hilariouschaos.com [S] -3 points 4 months ago (2 children) Unless the infrastructure is rapidly improved, the housing crisis is swiftly solved, or taxes are lowered, I don't think anyone has the power to stop that from happening. permalink fedilink source parent hideshow 2 child comments replies: [–] Mandarbmax@lemmy.world 2 points 4 months ago (1 child) Good news! He isn't raising taxes on the working class, he is working on infrastructure (filling a thousand pot holes in a day for example), and his tax on second homes will help with housing! You should be elated! permalink fedilink source parent hideshow 1 child comment replies: [–] realcaseyrollins@hilariouschaos.com [S] -4 points 4 months ago I am happy about the infrastructure plans, although I do not believe that his plans to fix housing will work. permalink fedilink source parent
[–] mos@lemmy.world 4 points 4 months ago (4 children) Do you have data to support this theory about billionaires leaving states because of taxes or is it based on emotions? permalink fedilink source parent hideshow 4 child comments replies: [–] realcaseyrollins@hilariouschaos.com [S] -3 points 4 months ago (3 children) Yes on the former. I will leave the latter to you. permalink fedilink source parent hideshow 3 child comments replies: [–] mos@lemmy.world 1 point 4 months ago (2 children) “More than 125,000 New Yorkers have fled to Florida in just the past few years, carrying nearly $14 billion worth of income with them” wouldn’t this mean that on average these New Yorkers earned about 110k? So not really an example of millionaires fleeing the state. permalink fedilink source parent hideshow 2 child comments replies: [–] realcaseyrollins@hilariouschaos.com [S] -4 points 4 months ago (1 child) Do you have to make a million dollars in annual income to be a millionaire? permalink fedilink source parent hideshow 1 child comment replies: [–] mos@lemmy.world 3 points 4 months ago Good point! Income is also not the primary revenue stream of the ultra rich. permalink fedilink source parent
[–] realcaseyrollins@hilariouschaos.com [S] -3 points 4 months ago (3 children) Yes on the former. I will leave the latter to you. permalink fedilink source parent hideshow 3 child comments replies: [–] mos@lemmy.world 1 point 4 months ago (2 children) “More than 125,000 New Yorkers have fled to Florida in just the past few years, carrying nearly $14 billion worth of income with them” wouldn’t this mean that on average these New Yorkers earned about 110k? So not really an example of millionaires fleeing the state. permalink fedilink source parent hideshow 2 child comments replies: [–] realcaseyrollins@hilariouschaos.com [S] -4 points 4 months ago (1 child) Do you have to make a million dollars in annual income to be a millionaire? permalink fedilink source parent hideshow 1 child comment replies: [–] mos@lemmy.world 3 points 4 months ago Good point! Income is also not the primary revenue stream of the ultra rich. permalink fedilink source parent
[–] mos@lemmy.world 1 point 4 months ago (2 children) “More than 125,000 New Yorkers have fled to Florida in just the past few years, carrying nearly $14 billion worth of income with them” wouldn’t this mean that on average these New Yorkers earned about 110k? So not really an example of millionaires fleeing the state. permalink fedilink source parent hideshow 2 child comments replies: [–] realcaseyrollins@hilariouschaos.com [S] -4 points 4 months ago (1 child) Do you have to make a million dollars in annual income to be a millionaire? permalink fedilink source parent hideshow 1 child comment replies: [–] mos@lemmy.world 3 points 4 months ago Good point! Income is also not the primary revenue stream of the ultra rich. permalink fedilink source parent
[–] realcaseyrollins@hilariouschaos.com [S] -4 points 4 months ago (1 child) Do you have to make a million dollars in annual income to be a millionaire? permalink fedilink source parent hideshow 1 child comment replies: [–] mos@lemmy.world 3 points 4 months ago Good point! Income is also not the primary revenue stream of the ultra rich. permalink fedilink source parent
[–] mos@lemmy.world 3 points 4 months ago Good point! Income is also not the primary revenue stream of the ultra rich. permalink fedilink source parent
[–] Mandarbmax@lemmy.world 2 points 4 months ago (3 children) "Billionaire CEO warns middle-income professionals and small business owners could leave the city" I'm talking about the threat that people other than the ultra wealthy would leave permalink fedilink source parent hideshow 3 child comments replies: [–] realcaseyrollins@hilariouschaos.com [S] -3 points 4 months ago (2 children) Unless the infrastructure is rapidly improved, the housing crisis is swiftly solved, or taxes are lowered, I don't think anyone has the power to stop that from happening. permalink fedilink source parent hideshow 2 child comments replies: [–] Mandarbmax@lemmy.world 2 points 4 months ago (1 child) Good news! He isn't raising taxes on the working class, he is working on infrastructure (filling a thousand pot holes in a day for example), and his tax on second homes will help with housing! You should be elated! permalink fedilink source parent hideshow 1 child comment replies: [–] realcaseyrollins@hilariouschaos.com [S] -4 points 4 months ago I am happy about the infrastructure plans, although I do not believe that his plans to fix housing will work. permalink fedilink source parent
[–] realcaseyrollins@hilariouschaos.com [S] -3 points 4 months ago (2 children) Unless the infrastructure is rapidly improved, the housing crisis is swiftly solved, or taxes are lowered, I don't think anyone has the power to stop that from happening. permalink fedilink source parent hideshow 2 child comments replies: [–] Mandarbmax@lemmy.world 2 points 4 months ago (1 child) Good news! He isn't raising taxes on the working class, he is working on infrastructure (filling a thousand pot holes in a day for example), and his tax on second homes will help with housing! You should be elated! permalink fedilink source parent hideshow 1 child comment replies: [–] realcaseyrollins@hilariouschaos.com [S] -4 points 4 months ago I am happy about the infrastructure plans, although I do not believe that his plans to fix housing will work. permalink fedilink source parent
[–] Mandarbmax@lemmy.world 2 points 4 months ago (1 child) Good news! He isn't raising taxes on the working class, he is working on infrastructure (filling a thousand pot holes in a day for example), and his tax on second homes will help with housing! You should be elated! permalink fedilink source parent hideshow 1 child comment replies: [–] realcaseyrollins@hilariouschaos.com [S] -4 points 4 months ago I am happy about the infrastructure plans, although I do not believe that his plans to fix housing will work. permalink fedilink source parent
[–] realcaseyrollins@hilariouschaos.com [S] -4 points 4 months ago I am happy about the infrastructure plans, although I do not believe that his plans to fix housing will work. permalink fedilink source parent
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