New York City

So going along with the theme from the last post, there is a statistic being circulated that I think would make most people's jaw drop. In New York City, where between 8 and 9 MILLION people live, over half of the city income tax is paid by guess who many people?
4 million people? not even close
3 million people? nope
2 million people? still wrong
1 million people? too many zeros
500,000 people? still too many zeros
50,000 people? almost there

41,290 people pay one HALF of the taxes collected in a city of over 8 MILLION people!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

If that is not sckewed than what is? Now imagine you are one of those almost 42,000 people how would you feel. They pay NY city income tax, NassauSoffolk County income tax, NY state income tax, and the Federal income tax. And the people that benefit from the money THEY EARNED are being told to hate those rich selfish people and they ARE!!!

If you owned a business and you had a couple of loyal customers who accounted for about half of your sales and income, how would you treat them? Would you wine 'em and dine 'em (or root beer 'em and in-n-out 'em) or would you turn your other customers against them and get those customers demanding that those few customers pay the bills for ALL the customers?

Come on people!! We can't keep demanding more from those who make more than others. Who else can afford to continue to spend money during these tough times? By them going to the mall and buying new clothes and buying new cars and boats and going on vacations they are STIMULATING the economy and helping to keep people employed. Imagine if they stopped spending money, how many more businesses would go under? Now think about that. The more we tax them and take the money THEY EARNED from them the more that is taken out of economy. Remember what happened with the luxury tax? A number of years ago a tax was put on new luxury items, ie cars over a certain amount and boats and furs etc, well the people with money stopped buying new items and started to buy used items. Why? No luxary tax. You may say, so what, they still got a $100,000 yacht. They did, but what happened to the people who were in the boat making industry that was then not selling new boats? They lost their jobs. And the luxury car industry? Same story. Fine jewelery? Same story.

You may say that was then and this is now. Well modern example oof what happens when the government interfers with how those with a little money spend it. You know I'm sure that congress has imposed strict "guidelines" on how big businesses spend their money. No more incentive trips and no more retreats etc. You may say good, they shouldn't be spending their money on that. Think about where that money was going to go and how it would have been used.
Company says "Sell lots and we'll send you to Vegas"
Employees sell more products and earn trip
Company sends them to vegas
money is spent on airfare, hotel, food, transportation
airlines, hotels, restaurants, rent-a-car places receive money
they pay their employees
So think about it when a majority of those trips stop
the money stops flowing in and the businesses lose that income and don't make as
much and can't afford to keep their employees and, oh no, lay off people.

IT'S HAPPENING!! Vegas has come out and said that it's losing MILLIONS of dollars because of the lack of corporate trips. Less money = less jobs.

Why don't people follow the money trail and see that it may start in some fat cat's pocket book but it ends up helping to put the food on their table.