New York City Mayor Bill de Blasio has drawn national attention with his progressive agenda - (NY) - Page 2 - City-Data Forum

sanman357 · 01-10-2014, 11:12 AM

Let the rich mass exodus begin. Detroit here we come.

BinxBolling · 01-10-2014, 11:23 AM

Quote:

Originally Posted by 85dumbo

I applaud Gov Cuomo. He's one of the few democrats that understands that taxing the hell out of people, including the rich ones, does no good for the overall economy.

If this were true, higher taxes would historically be correlated with worse economic performance. This is not the case. Taxes in America were highest, by a huge margin, in the 1950s, its most prosperous period ever--especially on the rich.

BBMW · 01-10-2014, 11:28 AM

More like Greenwich.

Been to Stanford lately. It's gotten a huge amount of development lately. Why? Because large hunks of the financial industry moved there (it's really more a home to the hedge fund industry than Wall Street is.) I wonder why that is. Maybe CT lower taxes had something to do with it?

Quote:

Originally Posted by sanman357

Let the rich mass exodus begin. Detroit here we come.