Sunshine
Trust the pie.
- Dec 17, 2009
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Hey, 99 Percenters, You Call This 'Fair'?
A study by the New York City Independent Budget Office was released this week, and you didn't hear much about it in the mainstream media because it hurts their candidate's message.
Keep in mind, I'm your Conservative Everyman. I'm no economist, nor am I a political scientist. I call 'em as I see 'em just like you do. And away we go...
New York City has a little more than 8 million residents. Of those many millions, 1% -- ONE PERCENT -- pays 43% of the income taxes. You know how many people that works out to? About 35,000 people.
Picture in your mind's eye the City of New York, not just Manhattan, but all five boroughs. Imagine the throngs here right now enjoying the holidays. Think about the police presence, the sanitation, the schools brimming with children...East Side, West Side, The Village -- a hell of a town! 8 million people!
Now imagine Yankee Stadium, or any average Major League ballpark, and fill it except for the nosebleed seats. That tiny number pays almost HALF the operating costs for the city. How's THAT for fair?
Another kick in the head is that ten percent of New Yorkers pay 71% of the taxes. Guess how much income it takes to crack that ten percent?You don't have to be one of the millionaires or billionaires whom the Divider in Chief loves to vilify. You need not be an evil fat cat making $200,000 -- perish the thought! What's it take to crack the top ten percent in the most expensive city in America? $105,000. Yep, a buck five.
The 1% pay 43% of the taxes... and it's just another day. The rest pay the taxes and it really hurts. Rich people don't sit around and have to budget and cut back the way that poor people do because of taxes.
Of course they do. I'm not rich, but I do bring home the 6 figure salary + annuities I already get. I budget VERY carefully, lest I end up poor.
Statements like that indicate that you simply don't understand your money. One reason some people have a lot of money is that they don't go out and blow it all on stupid shit. A lot of people in this country could have a nice nest egg laid by if they would just not spend the latte or bottled water bucks. I was flabbergasted at the amount of money my mother managed to accumulate and she was a stay at home mom until she was 55, then she was a minimum wage worker until she retire, then she lived on Social Security. She understood her money. People like you do not.