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Politics : Formerly About Advanced Micro Devices
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To: bentway who wrote (632863)10/22/2011 8:53:14 AM
From: Brumar89  Read Replies (2) of 1577124
 
NY's Disappearing Millionaires

Rarebird's client class is in decline .. what will he do when most of the rich people have left NYC? He'll move somewhere like Virginia, naturally. Geez, I hope he doesn't come to Austin, we've got too many liberals now.

 Of course, there always will be a top 1%, so those in the Occupy Wall Street movement who want to demonize the top 1% always will have a cause.

But the numbers of millionaires who could be taxed to feed the demands of the proletariat is down in New York State:

Gannett’s Albany Bureau reported today how the number of New York tax filers earning more than $1 million a year dropped a whopping 22 percent in 2009 during the recession, according to the state Department of Taxation and Finance.



You can tax them all you want, but you can’t tax what isn’t there either because they have left for other states, have suffered income loss due to the economy, or just don’t think it’s worth it anymore.

legalinsurrection.com
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