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Not to mention keeping the dirty poor people out of nice neighborhoods and wanting them crammed into slums with poor quality schools.The ironic thing is that Lisa is on Social Security and Medicare, and when she was working very hard trying to keep black kids out of her school, she was using an ACA healthcare plan.
But let's listen to her whine about "Welfare".
Yes, in NYC, elderly people who die in NY with a $750k estate - which is the price of their modest bungalow - are considered not only middle class by Mandami, but rich enough to pay estate taxes.You said almost every middle class person has an estate over $750k.
Source? Vibes.
You said 40% of Americans are on welfare.
Source? Because I said so.
You and your party has zero fiscal common sense but sure don’t have a problem attacking everyone else.
Mamdani proposes that NY slash its estate tax ceiling from $7 million to $750,000.
Someone with a $750k estate would pay no taxes, since that’s the exemption. The estate would only pay a marginal rate above that value.Yes, in NYC, elderly people who die in NY with a $750k estate - which is the price of their modest bungalow - are considered not only middle class by Mandami, but rich enough to pay estate taxes.
Here’s what you get for $900,000 in Brooklyn. Mondami wants to tax the “rich” family in this house.
View attachment 1231818
Its equity more than money and it will drive people away and lower property values.Someone with a $750k estate would pay no taxes, since that’s the exemption. The estate would only pay a marginal rate above that value.
Under this proposal, which we haven’t seen.
Are we going to pretend that $750k isn’t a lot of money? You’re out of touch.
You care about yourself. It'd be lovely if we never had to pay taxes, but that's not going to work out.
You don't want to advantage some groups apart from others, but you want preferential low tax rates on capital gains and higher tax rates on labor. That benefits wealthier families, and hurt everyone else.
Don't lecture me about "fairness" when you don't actually advocate for it.
Republican policy has been to rob future generations to current generations can accumulate higher wealth. You advocate for the wealthy stealing from children.
This doesn't bother you because you envision a future where you've accumulated enough wealth that the inevitable cuts to social services are not going to affect you.
Again, you've been misled by shoddy reporting. Nowhere does it actually say the rate is 50% over $750k.
Your fiscal plan is to hide under a pile of coats while the deficit increases and hope that it all works out okay. All because you don't want to pay higher taxes because you like driving nice cars, having a vacation home and sending your kids to expensive private schools.
Trump has tried to cut spending and de crats fight him every step of the wayI haven’t said we shouldn’t have to pay taxes, but making some pay a higher percentage than others just because they have been more successful is anything but fair.
Go to a flat tax rate and I would be fine with taxing capital gains as ordinary income. You don’t want that because “fair” is not what you are after. You are after wealth distribution.
Republicans aren’t robbing anyone any more than Democrats are. Both are responsible for spending too much, just on different things.
Cuts to SS would affect me in the future, but I am sure you are ok with cutting SS for those who have x amount of money. Some people can’t save for retirement. I understand that, but some could but choose not to. If I didn’t save as much as I do, I would be buying a new Porsche every Jan. and donating the “old” one to charity. I choose to go the responsible route and to save instead of spending it all.
I’m sure it would be progressive, but obviously estates at a minimum of 7 million+ would be taxed at 50%. That family would lose 3.5 million out of their estate. People should not have to pay a tax for dying. Sorry.
That is wrong and you know it, but you don’t care because people want free bus rides.
The answer is to cut government spending, not raise taxes. Neither party wants to do that because each feels as though their spending is justified. We have a spending problem, not a revenue problem. It is that simple.
Not to mention keeping the dirty poor people out of nice neighborhoods and wanting them crammed into slums with poor quality schools.
The motto of the modern Republican Party should be “got mine **** you”.
As long as they get what they want, they don’t care what happens.
Trump has tried to cut spending and de crats fight him every step of the way
Fairness is a meaningless term. Anyone can come back at your proposal and say it isn't fair. Is there a standard deduction? That's not fair. Is there a deduction for education, or for charitable giving, or saving for retirement? It's not fair that people pay lower taxes just because they spend their money in a way the government likes. Hell, a flat tax rate still costs the wealthy more. That's not fair. Everyone should be required to pay the exact same amount every year to contribute to the government. That's fair.I haven’t said we shouldn’t have to pay taxes, but making some pay a higher percentage than others just because they have been more successful is anything but fair.
Go to a flat tax rate and I would be fine with taxing capital gains as ordinary income. You don’t want that because “fair” is not what you are after. You are after wealth distribution.
Republican tax cuts have always been predicated on the idea that they "pay for themselves", yet nearly 50 years of voodoo economics has failed to produce the economic success they claimed it would.Republicans aren’t robbing anyone any more than Democrats are. Both are responsible for spending too much, just on different things.
I'm sure you're already planning for a retirement without social security. Sorry you don't get that Porsche. Going to have to settle for the Mercedes?Cuts to SS would affect me in the future, but I am sure you are ok with cutting SS for those who have x amount of money. Some people can’t save for retirement. I understand that, but some could but choose not to. If I didn’t save as much as I do, I would be buying a new Porsche every Jan. and donating the “old” one to charity. I choose to go the responsible route and to save instead of spending it all.
The health of the economy matters more to me than whether some rich kids inherit $3 million or $7 million. Bus rides faciliate poor people getting jobs and getting to work. Rich kids inheriting millions does very little.I’m sure it would be progressive, but obviously estates at a minimum of 7 million+ would be taxed at 50%. That family would lose 3.5 million out of their estate. People should not have to pay a tax for dying. Sorry.
That is wrong and you know it, but you don’t care because people want free bus rides.
You don't know how to cut government spending without the country falling apart. You've been repeating the mantra for decades but your party has never made it actually happen because you don't know how.The answer is to cut government spending, not raise taxes. Neither party wants to do that because each feels as though their spending is justified. We have a spending problem, not a revenue problem. It is that simple.
If everyone would "do fine" the country would be doing fine. Doing fine is the individual's contribution to the country as a whole.As long as you personally benefit, that's good enough, right?
Doesn't really matter what happens to the country as long as you're doing fine.
I posted a photo of a bungalow that sold for $900k.Someone with a $750k estate would pay no taxes, since that’s the exemption. The estate would only pay a marginal rate above that value.
Under this proposal, which we haven’t seen.
Are we going to pretend that $750k isn’t a lot of money? You’re out of touch.

Remember how all the bleeding heart liberals on Martha’s Vineyard, who always say that “undocumented immigrants” are good people who just want a chance, had the illegals shipped right out of there within 24 hours?Oh please. Deep blue Martha’s Vineyard has very little subsidized housing compared to the number of residents. They talk a big game, but when the rubber meets the road, they are huge hypocrites, like all Democrats. As long as someone else is paying or suffereing the consequences it is ok, but they change their tune very quickly when they are personally affected.
Just wait on the backlash from Mamdani’s 50% estate tax proposal from the Democrats who voted for him. They loved his ideas because they gave them the warm fuzzies, but they didn’t realize that they were going personally be affected.
LMAOWhat’s unsubstantiated? I posted photos of little houses selling for $800k. These people are living blue-color lifestyles, and the Socialist wants their money to give to more welfare cheats.
You realize that only wealthy pay cash for their houses, right?I posted a photo of a bungalow that sold for $900k.
Are we going to pretend that this little bungalow means the owner is worth a lot of money? It is BARELY middle class!
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Remember how all the bleeding heart liberals on Martha’s Vineyard, who always say that “undocumented immigrants” are good people who just want a chance, had the illegals shipped right out of there within 24 hours?
SUCH hypocrites.
You are so delusional and illogical.You realize that only wealthy pay cash for their houses, right?