Connect with us

Politics

NYC’s Richest Might Be Leaving Courtesy of De Blasio’s Tax Burden

Published

on

(Via The Daily Caller)

Wealthy New York City elites are preparing to flee the state because the Republican tax bill is going to make them face the full brunt of Mayor Bill de Blasio and Democratic state leadership’s tax rates.

“Everybody I speak to brings this up. Every NYC resident I speak to asks about the feasibility involved in doing it,” Wall Street tax expert Robert Willens told Yahoo Finance. “I’ve been doing this more than 40 years, and never heard more discussion about relocating than recently.”

Wealthy New Yorkers can currently lower their federal taxable income by more than $100,000 through a provision of the tax code known as the State and Local Tax Deduction, or SALT. The average SALT deduction in the Manhattan area is at least $60,000.

The Republican bill will cap the deduction amount at $10,000, meaning wealthy New Yorkers who currently write off expensive real estate could face an extra six figures in taxable income.

President Donald Trump is expected to sign the bill into law by Christmas, which is why many hedge fund and private equity managers are seriously considering getting out of New York.

New York is a state run by Democrats and one that taxes its citizens at a higher rate than any other state in the nation. The state’s combined state and local income tax burden tops California’s at 12.7 percent. That amounts to roughly $6,993.42 per New York taxpayer.

For the first time, many wealthy Manhattanites will finally feel the full burden that their state legislators and city leadership have put on them.

De Blasio is actually trying to increase millionaire New York City taxpayers’ loads as Republicans put the finishing touches on their bill.

The mayor is trying to levy a 14 percent tax increase on the city’s millionaires to pay for improvements to the city’s subway system. The governor-elect of New Jersey is looking to pull a similar tactic to raise money for public schools in the state.

Continue Reading
Click to comment

You must be logged in to post a comment Login

Leave a Reply

Politics

No Nation Is An Idea

Published

on

By

The concept that “America is a timeless placeholder of ideas” is a common talking point that has been in circulation from both Conservative Inc., and the broader American Left for many years now. This saying is typically used as a divergence from addressing important policies as they pertain to mass immigration. Often, it is also used to stifle the growth of an American National Populist movement. Clearly, the unelected elites calling shots around the Western world seek to undermine valid and critical debate of the role of National Populism. Rather than emphasizing the importance of health, stable families, community, housing, and wages, our leaders have an obsession with growing GDP, doing the bidding of predatory crony capitalists who are constantly pushing to import cheap labor, and retaining power for generations to come. 

The fact of the matter is, Americans (and humans in general) seek more than cheap, 4k television sets, quirky tupper-ware for last night’s leftovers, and salad shooters that break after a few uses. We are innately spiritual beings who long for community, order, and social cohesion. The United States of America is not an idea… actually, no nation is an idea. As further disorder ensues among the population, the elites have made sure to use their corporate-funded foot soldiers as a means to promote a very new, Neo-Liberal agenda. This agenda is the concept that the beautiful mountains, forests, and lakes of our Nation would mean absolutely nothing without this arbitrary term of “ideas.” The blood, sweat, and tears American workers shed producing automobiles in Michigan, the early mornings for the farmers of Iowa, and the dedicated fishermen of California, all mean nothing if this is but a plot of land where the British came to talk about the importance of small government. 

Although we can appreciate the writings of philosophers like John Stuart Mill, John Locke, and Adam Smith, the “marketplace of ideas” means absolutely nothing to people who see the world completely different than you. It is apparent that the philosophy of our ancestors and founding fathers have changed the world. In an American context, the very concepts of things like liberty, freedom of speech, and the right to bear arms should be held in the highest regard. Among Conservatives and the American Right, these values are not even up for debate. Unfortunately, much of Conservative Inc. (who are just liberals who want to keep more of their money) do not recognize (or are blatantly ignorant to) the sacrifices made by the ones who came before them.

To put this into perspective, Turning Point USA founder Charlie Kirk previously stated, “I have loyalty to ideas.” Kirk says, “Of course I love the Grand Canyon. I love the Rocky Mountains. And I love Boston. And I love Chicago. But if all that disappeared, if all I had was ideas, and we were on an island, that’s America. That’s Israel. And that’s what people have to realize, America’s just a placeholder for timeless ideas. And if you fall too in love with, oh, the specific place, and all this…that’s not what it is.” What Kirk fails to recognize is that the physical reality of a Nation is what manifests those very ideas he holds so dear. 

Nations are unique, with celebrations and folktales that those who inhabit the land feel relation to. Nations are made up of a people. Nations are traditions. Nations are land, resources, and landmarks. Nations are history – the good, the bad, and the ugly. No Nation is an idea.

 

Continue Reading

Culture

The ‘Alt-Lite’ Has No Answers For Real Conservatives, Ask More Questions

Published

on

As was with the answer to my Demographics question by Charlie Kirk on October 23rd (the third “Groyper” question of them all), insufficient, so is the entire ‘grifter right’ and gateway keepers answers on the right to legitimate concerns of Americans across the spectrum, left or right. Global, corporate, and government sponsored legal immigration, mass migration, demographic changes in Western Countries, the destruction of the Christian Religion, the Family, and the decrease in the value of labor.

Charlie Kirk embodies the 21st century establishment Libertarian side of the Republican party, being an ex-libertarian I can see how it’s appealing. However, as much as it is appealing it is even more destructive to our culture and politics than perhaps progressives. Giving up on key issues such as abortion, morals, religion, demographics, free trade, and open borders.

This is a fairly new hive-mind of new and old Republican talking points, however this ‘Corporate’ or ‘Conservative Inc.’ style control over the conversation on the right is leading us back into the same problems with middle of the ground “Conservative” leaders like John McCain and Mitt Romney, you can see the Alt-Lite gearing up to endorse Nikki Haley or Dan Crenshaw to be President in 2024. Attempting to usurp and hop on the Populist Wave Trump rode in on.

The same host of Never-Trumpers who now play ball as Trump supporters only to not be completely tarnished by Trump’s Populist base, are seething at the idea that the actual Conservative Right, who wishes to actually conserve Western Culture & Christian Values in America, instead of making this a “place holder” for Wood Stock and Wall-Street Culture, to continue to sacrifice the American Middle Class. This is also the same class of people who endlessly call for Wars in the Middle East at the behest of Israel, Saudi Arabia, etc, and criticize Trump on a regular basis of his “liberal” handling on the Middle East, aka withdrawing our Troops, and as Trump declares, “without a drop of blood.” Something that must really get the blood boiling of the Neo-Con Establishment.

It is ever imperative we make sure this establishment force within the Republican Party is shut out and completely shunned into the corner of Politics, along with failed trade deals, endless overseas wars, bail outs of the elites, and a slew of other misguided policies. The only way to keep these sell outs on their toes is to always ask them questions that can ultimately either continually expose their hypocrisy, or open their eyes to the truth, otherwise they will attempt to continue to use the “leftist” tactics of smear campaigns, silencing you, get you fired, etc. It is not so different from the Antifa tactics that are used of the far left.

We’ve posted the graphic below of the continued “Groyper Wars” events and will be continuing the coverage of this:

Continue Reading

Politics

Bill Maher Defends Kavanaugh

Published

on

(via Zerohedge)

On his show Friday night, Bill Maher and his panel got into a heated debate over the “new” allegations about Brett Kavanaugh – yes, the ones even his accuser can’t remember. Maher even turned on his liberal comrades, adopting the position that rehashing events from when Kavanaugh was 17 years old hurt the Democrats in 2018… and could hurt them again.

Citing polling from 2018, Maher said that Democrats could have done better in the midterm elections had it not been for the Kavanaugh hearings: “People did not like going after a guy for what he did in high school. It looked bad and now Democrats are talking about impeaching him again?” Maher said.

Guest Andrew Sullivan seemed to agree. “He probably did some shitty things in high school drunk,” he said.

And when liberal guest Heather McGhee tried to jump in, asking “May the woman please speak about what this felt like?”, Sullivan shot her down immediately: “Please don’t play that card. You’re making my point.”

When Kavanaugh’s temperament was brought up, Sullivan responded: “You try maintaining a good temperament when you’re being accused of something, you had no idea it was coming at you, came at the last minute, and that happened years and years and years ago.”

As McGhee tried to make the point that being a Supreme Court justice isn’t just a “normal job”, Maher immediately fired back: “So you’re saying at 17 you have to have your fully formed character?”

He continued: “Live in reality, man! That’s who they put up. We don’t have the votes, and now we lost seats! Are we gonna do it again? Ruth Bader Ginsburg said glowing things about him… What were you like at 17?”

Continue Reading

Trending

Donate to Populist Wire

*Note: Every donation is greatly appreciated, regardless of the amount.