Hizzoner Mayor Michael Bloomberg to New York City: “Screw the poor, nuts to the middle class. Protect the rich.”

Mayor Michael Bloomberg, the Mayor of New York City, a man worth twenty billion dollars ($20,000,000,000) according to Forbes Magazine, $8.5 billion of that made during 2008 while he served as Mayor, and running a city facing a fiscal disaster, offers two solutions to that disaster – raise the sales tax to almost nine percent and lay off thousands of workers. Bloomberg says some tax revenues are ‘falling off a cliff.’

And very specifically, don’t raise taxes on rich people, according to an Associated Press piece in today’s Boston Globe:

City Comptroller William Thompson Jr., a Democratic candidate for mayor, wants the city to raise personal income taxes on those earning $500,000 or more annually.

But Bloomberg, ranked by Forbes magazine as the wealthiest person in New York, says the rich help keep the city’s economy humming. Instead, he proposed raising the sales tax even further than he suggested a few months ago – to a total of 8.875 percent on purchases in New York City.

Apparently all those other millions of people who live in New York City have nothing at all to do with that odd humming sound emanating from New York’s economy. You know, those millions who go to work every day, who pay taxes, who keep everything working and running, while the rich idle around in their limousines and their fancy offices (if they work at all). Of course it couldn’t be that some of these same rich folks are the ones who brought the national and world economy to its knees through their greed and fraud, could it?

But according to Bloomberg, "People that have more money buy a lot more things, and they spend more of it," Bloomberg said as he presented his plans for the 2010 budget.

So because the rich have more money they should be exempt from taxes? Is that where the Mayor’s logic is going? After all, if the rich are so important to the economy, why should they pay any taxes at all, much less pay increased taxes to keep tens of thousands of workers in their jobs, earning paychecks, supporting their families, buying goods and services, and actually keeping the city’s economy going?

And then there is the corollary to Bloomberg’s remark. People who have less money buy fewer things, because it’s a bloody struggle to keep food on the table, to pay the utility bills, and forget about visiting the doctor with a sick kid. And with the Mayor’s proposal there will be even less money for food, utilities, and the sick kid.

The Mayor’s Republican roots are showing, and as usual, that’s ugly stuff.

Perhaps at Mr. Bloomberg’s next public event all the people who aren’t filthy rich should bow down, perhaps even get on their knees, as Hizzoner sweeps past them, in honor of his allowing them to live in the same city as Hizzoner’s wealthy cronies.

Maybe it’s time for some pitchforks and torches down at the Mayor’s house.

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10 Responses

  1. Maybe it’s time for some pitchforks and torches down at the Mayor’s house.

    Do you know a good second-hand store where I can get hold of a pitchfork and torch? Brand new ones are outside of my budget right now.

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    • You might look into a new invention for the mob-minded. It’s called the
      pitchtorch. In these difficult economic times, it combines the best
      qualities of both items into one handy throwaway device. And you can
      combine the pitchtorch with the torchfork, a handy little device that
      allows you to get more leverage when you dispense your pitchtorch.

      As for second-hand, that would most likely be your left one.

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  2. At a certain financial point, perhaps it’s inevitable that you lose touch with the masses. I’m not going to pass judgement on that, but perhaps then if you are in such a place then you shouldn’t be in a position to make policy decisions for others.

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    • pc –

      Does this mean we can’t count on you for our pitchtorch rally at Gracie Mansion tonight?

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    • I lost touch with the masses when the minimum wage went up to $1.25. A
      week later I realized I was still in the masses despite my lofty wage. A
      momentary slip into wage-induced hubris.

      Like

  3. Greed is an unbelievable thing. A modest increase for those over $500,000 of a few pct. would bring enormous revenue and cause exactly zero pain to those taxed. How can people be so manic about their money?

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    • It’s manic panic. The more you have, the more you have to lose and thus
      you get afraid. But then the more you have, the more you attract the
      interest of people who want to take some of it away from you – thieves,
      crooks, con men, insurance companies, politicians, shady lawyers,
      ex-wives, wannabe wives, current wives, priests, ministers, the corner
      wino.

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  4. I wouldn’t say zero pain. Perhaps negligible pain.

    I don’t intend on shopping in NYC any time soon, so why would I storm the mansion? I’ll soon enough have to deal with Philly’s city wage tax again. That’s grief enough (a crappy legacy from Rendell’s mayoral days).

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  5. Sounds like Bloomburg has been sniffing some of that Laffer-curve gas.

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    • He was a Republican. I’d venture they are all injected with Laffer
      disease as infants.

      Like

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