As Ritchie insists, people don’t move for tax rates

The cat-and-mouse game between state tax collectors and wealthy New Yorkers who are moving to Florida has reached new levels — and gone high tech.

New federal tax laws limiting the deduction of state and local income taxes have created incentives for wealthy New Yorkers to move to Florida or other lower-tax states. New York Gov. Andrew Cuomo last month blamed wealth flight for the state’s $2.3 billion revenue shortfall in December and January.

“Tax the rich, tax the rich, tax the rich,” he said. “We did. Now, God forbid, the rich leave.”

There really is a Laffer Curve…..

23 comments on “As Ritchie insists, people don’t move for tax rates

  1. Rush Limbaugh has been getting audited by NY every year since he moved to FL from NY over 20 years ago. The process is part of the punishment.

  2. HTML needs to be within angle brackets, not square ones. (Other blogs/forums may work differently.)

  3. Fun, pleasure, freedom, excitement and happiness banned by the killjoy puritans again

    The unintended consequences of TfL’s ‘junk food’ advertising ban

    It’s only been a week since Sadiq Khan’s ill-conceived ban on ‘junk food’ advertising across London’s public transport network came into effect, but the unintended consequences are already coming to light.

    But then there are the foods that hardly anyone would consider ‘junk’ but which still fail the test: cheese (including half-fat cheese), raisins, sultanas, soy sauce, mustard, most tinned fruit, most yoghurts, most breakfast cereals (including high fibre varieties), peanut butter, Marmite, mayonnaise (light and regular), tomato soup, most cereal bars, many pasta sauces, all butter, fat spreads and olive oil.

    https://health.spectator.co.uk/the-unintended-consequences-of-the-junk-food-advertising-ban/

    Thank God I have my big ZZR – speed does not kill

  4. Pcar,

    I think two lame ducks can agree that the moon is made of green cheese which is melting due to climate change caused by far-right nazi TERFs like Jeremy Corbyn, without it impacting anything that will ever happen ever.

    The only question of any importance in that is which of May and Merkel is the lamer of the lame ducks.

  5. Of your list, junk is (IMNVHO):

    “half-fat” “cheese” (full-fat cheese is not junk food. “half-fat” “cheese” should not be described as cheese)
    mustard (unless powdered)
    tinned fruit (especially with added sugar)
    any yogurt that has salt or sugar added
    all breakfast cereals
    any peanut butter that is not 100% peanuts
    marmite
    mayonnaise that you didn’t make yourself
    tinned tomato soup
    all cereal bars
    all pasta sauces that you didn’t make yourself
    fat spreads that are not 100% butter or 100% animal fat or any combination thereof.

    The only things on that list I might ever eat myself are the tomato soup, and tinned mayonnaise (on a very bad sandwich day), but then about 80% of aisles in the supermarket never get to see me.

    So I find myself in the bizzare position of agreeing with Mr Khan, except that, as a liberal, I wouldn’t ban advertising any of those any more than I would ban advertising your crack den brothel.

  6. @BiG:

    Why would tinned fruit (without added sugar) be junk?

    Why would tinned tomato soup (without added sugar) be junk?

    I suppose I mean: what, apart from personal prejudice, are your
    criteria for junkiness?

    @Pcar:

    Poor old farmdrop. I must say they deliver the best butter I’ve tasted in years. Decades even. In my lifetime perhaps. In short, bloody fine butter.

  7. This ban on ‘junk food’ in London is hilarious and entirely welcome. The whole campaign has been from middle-class wanker snobs desperate to shut down food they disapprove of, but alas! The law they demanded to outlaw ‘unhealthy’ (I.e. working class) food has instead banned the new middle-class foodie staples of butter and bacon, now that the Metropolitan Borg has decided these are now acceptable again.

    They will never learn though, because education is no substitute for brains.

  8. @BiG

    Marmite is in fact the nectar from some heavenly plant.

    Especially on toast with peanut butter.

    Or with cheese.

    To quote a certain professor.

    I am right. Wise men agree with me.

    I invented Marmite. And toast. And sliced bread.

  9. Vegemite, on the other hand, is a rather pale imitation of Marmite, which to my mind shows weakness in the Australian character.

  10. Rob+1
    Junk food is anything out of fashion with the snobs. Pretty hard to nail down a legal definition of that.

  11. Not Marmite. Bovril & soft cheese sandwich with a sprinkle of black pepper. Yes, I am weird.

  12. Wealthy New Yorkers vote for Democrats, then skedaddle to Florida to escape the consequences.

  13. Jonathan
    Then they vote Dem in Florida, NM, Texas…
    Ignoring the consequences they’ve already experienced.
    Thank God for the “birth strike”.

  14. True, ovoid.

    The worst people here are NOT Yankees, but damn southern Californians who abandoned the mess they created and are now trying to create it here.

  15. The under-rated triumph of capitalism: instead of labouring all day for a mess of pottage, living on gruel and root vegetables, now the problem of poor peoples’ diet is that they’re able to afford too many calories and become obese, instead of starving to death in the gutters.

    When else in human history has the problem of “the poor” been that they’re too fat, and that they’ve got enough money to choose to eat “the wrong sort of food”?

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