Oh the right-wing commentators are raging out of control about this, meanwhile the federal government has literally turned the US into a terrorist state.
Amazing! I've posted similar thoughts in all kinds of REDDIT forums and it never ceases to amaze me how many toothless knuckle draggers come running to the aid of the wealthiest in the comments screaming about how taxes are evil and I'm out of my mind as if somehow they will also one day have multiple million dollar homes.
All I think anyone wants is for the wealthiest to pay more on their assets and income so that EVERYONE else can just not suffer.
Why limit to $5M+ homes? Tax all second homes owned by out of state residents. If if's not your primary home, it *should* be taxed more heavily. Even if the tax encourages some wealthy person to sell his $10M mansion, it's not like some normal person looking for a house is going to buy it.
File articles of incorporation. Transfer second home to corporation. Individual now owns one home, corporation now owns one home. Fed up people torch corporation's home, then seed bomb the ashes - everybody (who matters) profits.
I saw a related thing a few days ago about a one time tax on the ultra wealthy and all the standard arguments came up and my question at that point is how come we can’t also make a tax on leaving. Let’s say the one time tax is 5%, make the tax to leave 15%, and there’s functionally a 10% penalty like early withdrawal from a qualified retirement account. They are free to leave, but they pay an idiot tax. Make leaving painful. Or they can pay 5% and “shut the fuck up.”
Was gonna complain that this probably affects hardly anyone, but then I remembered recently reading about how there are entire skyscrapers in New York that are sitting empty with massively inflated values as a property scam for the ultra rich, so hitting that is pretty good
I know we like to cheer for Mamdani (for good reason!) but good work, Hochul. She could be MORE Progressive, but I don't have a huge amount of complaints about her as my Governor.
You do not need to give the shitlibs credit. They have proven time and time again that their addiction to legalized bribes is more important than doing something popular so they can get elected thus stopping fascists and improving their constituents lives. Given the choice they'll keep the bribe money. Publicly she's smiling and endorsing this. Privately she is absolutely getting dragged into this kicking, screaming, crying, clawing at the floor, peeing a little...
Based on what? I live in Albany, and I hear people always make claims like this but the only argument they ever have is misrepresenting the Buffalo Stadium issue.
Never met somebody with a real, damning criticism of Hochul. And that seems to be the case here, too, since you provided no legitimate criticisms, just a bunch of buzzwords.
I don't live in Albany so I don't really know Hochul as well as somebody who lives in New York apparently. Is this the same Governor whose donors are running a $10,000,000 lobbying campaign against a tax increase on the rich? The same woman who hauled in $4.5 million largely from real estate donors three years ago? Because that's who I know I would trust to legislate raising taxes on the rich.
Which 'donors'? Be specific. You're still using a bunch of vague, unverifiable buzzwords. Cite specific events, specific sources. Hell, can you show how any of her duties have been influenced by these events that you claim?
From Rebecca C. Lewis, Senior State Politics Reporter at CityAndStateNY: " Hochul collected $90,000 cumulatively from the Rudin family, who boast controlling “one of the largest privately owned real estate companies” in the city on their company website. (1/2)
And the old response of, “But the rich create jobs for the rest of us so raising their taxes will hurt everyone” just isn’t resonating these days. The public is through with that lie.
Step in the right direction but it took us this long to get a tax increase on (checks notes) $5million+ second houses of foreigners!? If you have A single $5million dollar house, regardless of nationality, why isn't everything after that taxed to the moon?
The only reason the ultra rich exist in a democracy (or a democratic republic) is because they have convinced people to vote against their own well being, or, they control the vote.
Keep asking your reps to pass ranked choice voting so that the voice of the people can once again be heard over the voice of the party.
A surprising number of the high-end, swanky condos and houses in a lot of places are owned by foreign rich people who are just waiting for the property to appreciate in value.
whats hilarious is the reason the rich are leaving NYC is quality of life stuff, like scaffolding everywhere, that Mamdani is addressing directly. He believes, and I think he's right, that despite their grousing, the rich would rather live in a great city with high taxes than a shithole with low taxes
It's "who" when it's the subject and "whom" when it's the object. In this case it should be "who".
Easy way to remember is by restructuring the phrase and using a different pronoun. "Who" becomes "he" and "whom" becomes "him". So in this case it would make sense to say "he lives outside of the city" but not "him lives outside of the city".
My sister is still convinced that everyone has fled California because of the taxes. Population numbers don't seem to impact her opinions. God, I can't wait to move back
when I moved from SC to California, everything was about twice as expensive. However, my income went from about 20k to 80k and I had amazing health insurance. Pretty good for waiting tables
Lucky. I'm just a hater making old angry people noises at gentrification. Also i hit a slump and have been poor for a long time and shit just sucks for me, so I'm just blaming random shit. Though, lower population (traffic, amount of people in grocery stores, etc) would be nice. I don't want to use the word depression, but it's really hard for me to do anything about improving my situation. Bootstraps are emotionally and/or mentally out of my price range so i can't even lift myself up.
That’s the standard concern trolling about every tax on the wealthy. Some might actually move. Most have so much money they won’t feel a fucking thing. Does anyone think any other ‘cheaper’ location in the country can match the cultural value found in NY. I’m skeptical.
Giant rats and steaming piles of human feces and the whole place smells like pee that’s all I really know and it’s enough to never want to go. Outside of the five boroughs, though, NY is very nice.
If they were going to actually move because somewhere else was cheaper, they would've already been living in Texas or Florida for many, many years.
Absolutely no one is going to tear up all their roots (i.e. sell their family home, say goodbye to all of their friends/family, abandon all of their social circles, etc.) for an amount of money that does not in any way impact the way they live.
Hell, most wouldn't do that even if they did feel it. They'd just cry about it.
Lmao. I live in Silicon Valley. Two things will keep them here: (1) it's where there competitors are, so there's a gigantic pool of talent on tap for staff-ups, (2) it's very nearly the best weather in the continental US. Our taxes are high here, but like, annoying high, not "I'm going to move because of taxes" high. The COL is totally unmanageable though, that's what kills us. Starter homes are like $750k+ in the outskirts and poor areas. Starters near tech can easily be 2x-3x that.
Somehow I doubt the “low cost of living” part. Especially when, to my understanding, there’s people with six-figure salaries, incredibly, that are nearly homeless there. Perhaps I’ve been misinformed about that?
historically speaking, people have had no problem eating the rich. it's the digesting of them that has caused issue. every time something just as vile gets excreted, only with a different shape or stench.
Oh woah I dig your UN. My grandpa and his family used to stay at the lightkeepers house in the summertime in the 1930s and he was playing on the beach when the Hindenburg flew over just before crashing. That lighthouse was the only happy time in his childhood he could remember having because of the Great Depression. Anyways thanks for the memory burst, I hadn’t thought of that in years. 🩷
"Listen, you rich people, weep and wail because of the misery that is coming on you... Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days. Behold! The wages you failed to pay the workers who mowed your fields are crying out against you... You have lived on earth in luxury and self-indulgence. You have fattened yourselves in the day of slaughter." - James 5:1-5
Join or Start a local Socialist Rifle Association, Worker Soviet, Mutual Aid Network, Tenants' Union, Unemployed Union, Trade Union, or Artists Union Today! https://socialistra.org/">https://socialorg">org/">https://socialistraistr">org">org/">https://socialistra.">.or">istr">org">https://socialistra.org/org/">https://socialistra.org/>
https://mutualaidnetwork.org/
https://www.mutualaidhub.org/
https://olmsapps.dol.gov/query/getOrgQry.do
https://ua.org/join-the-ua/find-a-local-union/ Catch up with the Weather https://en.wikipedia.org/wiki/Weather_Underground
Socialist Rifle Association? This sounds so weird to me as a European socialist. I'd like to know how guns fit in socialist policies because they are usually used to oppress people instead of sharing the means of production amongst all (including minorities). That group is a walking contradictio interminis.
A Socialist Rifle Association is pretty much spot on. "Under no pretext should arms and ammunition be surrendered; any attempt to disarm the workers must be frustrated, by force if necessary." It wasn't in the modern US 2nd Amendment sense, but to form civic guards and to back up the strike if necessary. Danish labour unions formed rifle clubs to train, for example, because of the history of police attacking unarmed demonstrators and strikers (Such as the Battle of the Commons in 1872).
That sounds plausible. Nevertheless the world around myself (western europe) evolved into a place where guns are very rare in a socialist context. Private ownership of them is very low, socialist groups don't advocate arms at all, and you don't see gun culture in the foreground outside of American TV and Movies. I guess America and Europe are truly different societies. Hard to judge it if you haven't experienced both I guess.
Don't make the mistake to see (European) socialism and communism as the same thing because they aren't. And i don't say there is no place for arms as law enforcement is always needed as are armies until we learn to truely share everything. But marrying socialism and guns is a big contradiction in my book.
SavageDrums
I hope it's a 200% tax on those homes.
Osiricus
Oh the right-wing commentators are raging out of control about this, meanwhile the federal government has literally turned the US into a terrorist state.
LardogX
Don't they already pay property taxes on these homes... like everyone else?
IAmAMammal
Nice! I wonder what the money will be earmarked for!
Tunica
Seems reasonable
Imetyourmonontinder
Amazing! I've posted similar thoughts in all kinds of REDDIT forums and it never ceases to amaze me how many toothless knuckle draggers come running to the aid of the wealthiest in the comments screaming about how taxes are evil and I'm out of my mind as if somehow they will also one day have multiple million dollar homes.
All I think anyone wants is for the wealthiest to pay more on their assets and income so that EVERYONE else can just not suffer.
xeoxion
How about both
davebarton315101
How cruel, threatening the family camp on top of a NY building.
StubbornSlug
It's about damn time. We cannot keep subsidizing their lives.
sfbiker
Why limit to $5M+ homes? Tax all second homes owned by out of state residents. If if's not your primary home, it *should* be taxed more heavily. Even if the tax encourages some wealthy person to sell his $10M mansion, it's not like some normal person looking for a house is going to buy it.
JackingMeHoff
GuysJustWannaFish
I applaud the effort but I question how they are going to attempt to enforce it and how it will be enforced in practice.
And of course, since the rich own the law and the judges, i doubt it will actually be enacted in the end.
But I still applaud the effort
Unclescam
As shown by the history of horse poop. Taxes don't stop the rich doing what they want where they want.
heavyliquid
Anything but actually tax wealth.
This is way too specific and will be abused through schemes. Just put in a simple wealth tax and be done with it.
OohDaLolly
File articles of incorporation. Transfer second home to corporation. Individual now owns one home, corporation now owns one home. Fed up people torch corporation's home, then seed bomb the ashes - everybody (who matters) profits.
alyoshaspupil
I saw a related thing a few days ago about a one time tax on the ultra wealthy and all the standard arguments came up and my question at that point is how come we can’t also make a tax on leaving. Let’s say the one time tax is 5%, make the tax to leave 15%, and there’s functionally a 10% penalty like early withdrawal from a qualified retirement account. They are free to leave, but they pay an idiot tax. Make leaving painful. Or they can pay 5% and “shut the fuck up.”
NPaine
Oh NO! Now what is going to trickle down!
VinnieJonesDiary
Was gonna complain that this probably affects hardly anyone, but then I remembered recently reading about how there are entire skyscrapers in New York that are sitting empty with massively inflated values as a property scam for the ultra rich, so hitting that is pretty good
Vancouvering
Oh no! The parasites might move to Ireland and fuck that country all to hell. Save Ireland!
DukeSliscus
YES...HA HA HA...YES!
miguelraistlin2
If we don't start taxing the rich we'll be eating dirt pretty soon....
LuminoZero
I know we like to cheer for Mamdani (for good reason!) but good work, Hochul. She could be MORE Progressive, but I don't have a huge amount of complaints about her as my Governor.
GiantShortstacks
You do not need to give the shitlibs credit. They have proven time and time again that their addiction to legalized bribes is more important than doing something popular so they can get elected thus stopping fascists and improving their constituents lives. Given the choice they'll keep the bribe money. Publicly she's smiling and endorsing this. Privately she is absolutely getting dragged into this kicking, screaming, crying, clawing at the floor, peeing a little...
LuminoZero
Based on what? I live in Albany, and I hear people always make claims like this but the only argument they ever have is misrepresenting the Buffalo Stadium issue.
Never met somebody with a real, damning criticism of Hochul. And that seems to be the case here, too, since you provided no legitimate criticisms, just a bunch of buzzwords.
GiantShortstacks
I don't live in Albany so I don't really know Hochul as well as somebody who lives in New York apparently. Is this the same Governor whose donors are running a $10,000,000 lobbying campaign against a tax increase on the rich? The same woman who hauled in $4.5 million largely from real estate donors three years ago? Because that's who I know I would trust to legislate raising taxes on the rich.
LuminoZero
Which 'donors'? Be specific. You're still using a bunch of vague, unverifiable buzzwords. Cite specific events, specific sources. Hell, can you show how any of her duties have been influenced by these events that you claim?
GiantShortstacks
From Rebecca C. Lewis, Senior State Politics Reporter at CityAndStateNY: " Hochul collected $90,000 cumulatively from the Rudin family, who boast controlling “one of the largest privately owned real estate companies” in the city on their company website. (1/2)
MoonAmericanFloydHeywoodR
And the old response of, “But the rich create jobs for the rest of us so raising their taxes will hurt everyone” just isn’t resonating these days. The public is through with that lie.
CyberWizard252
"People are going to be leaving New York in droves!" /s
ReturnWinchester
Step in the right direction but it took us this long to get a tax increase on (checks notes) $5million+ second houses of foreigners!? If you have A single $5million dollar house, regardless of nationality, why isn't everything after that taxed to the moon?
TChallaVanDam
Hear, hear.
sobeman
"hey that's a really good thing BUT why are you not doing MORE NOW???"
zechor
The only reason the ultra rich exist in a democracy (or a democratic republic) is because they have convinced people to vote against their own well being, or, they control the vote.
Keep asking your reps to pass ranked choice voting so that the voice of the people can once again be heard over the voice of the party.
ldstrike
Because apparently CPAC accepts foreign money we just found out, and cpac hates rich people taxes.
fjk3
Way to go.
foreverinchains
A surprising number of the high-end, swanky condos and houses in a lot of places are owned by foreign rich people who are just waiting for the property to appreciate in value.
onecowboytoo
Foreigners shouldn't be allowed to own real estate.
OperatorWay
Hextant
That's exactly what this tax is meant to help put a stop to. Hope we get more laws like this.
override367
this is actually huge for NYC as billionaires row is almost completely empty but each unit is valued in the tens of millions
YpsilantiRomani
We don't need people who aren't willing to pay their fair share in our society
Mountons
BUT THEY'RE THE JOB CREATORS! WAAAAAH (licks boot on neck)
wargames
but these people whom live outside of the state/city might move out.
NotAllowedToArgueUnlessYouPay
Bye Felicia
vindik8or
*who
CaptainInvictus
AR NAR
HowlingRollercoaster2
Strayan?
ComehereAreyouticklish
Foster's
GanjalfTheClear
And?
override367
whats hilarious is the reason the rich are leaving NYC is quality of life stuff, like scaffolding everywhere, that Mamdani is addressing directly. He believes, and I think he's right, that despite their grousing, the rich would rather live in a great city with high taxes than a shithole with low taxes
Munchman347
And abandon a multi-million dollar property? Who's gonna buy it without paying the same tax?...
ministryofpeace
https://media4.giphy.com/media/v1.Y2lkPWE1NzM3M2U1M2pjeHB4Y2xtcHB5cnZvdjl1bXMxcHB6Z2ZiaXdzZXpwdjJoM2hzbyZlcD12MV9naWZzX3NlYXJjaCZjdD1n/GB7AfEnRyAPcI/200w.webp
DrDadJokes
oh no! (in British accent)
IAmAMammal
KuldFyt
I mean, if it's only on out of state residents, they might move *in*. They should close that loophole and eliminate the downside.
Corrodias
IHateApostrophes
It's "who" when it's the subject and "whom" when it's the object. In this case it should be "who".
Easy way to remember is by restructuring the phrase and using a different pronoun. "Who" becomes "he" and "whom" becomes "him". So in this case it would make sense to say "he lives outside of the city" but not "him lives outside of the city".
zombiejedediah
Bootlickers never consider that rich people also want a safe city.
CyberHexx
https://media4.giphy.com/media/v1.Y2lkPWE1NzM3M2U1bzJ4aHVoc3A3eHNwaXhpNHY2NGNtc2c0Z21uczUxaDFtd3lwYXpleiZlcD12MV9naWZzX3NlYXJjaCZjdD1n/GB7AfEnRyAPcI/200w.webp The appropriate response.
pixelsnader
welluhwhatdoyouwantmetosay
No one is going to buy their $35 million apartments where they are parking their wealth.
2074red2074
I will for (rummages around in wallet) $17.28 and a two-for-one coupon to Pizza Hut.
DarthWaiterSE
Damn, dude! How do you have the energy for three part-time jobs?/s
NotThatPrivate
My sister is still convinced that everyone has fled California because of the taxes. Population numbers don't seem to impact her opinions. God, I can't wait to move back
thotterpop
More people need to leave California. It's too expensive, and housing needs to go down, and so does the cost of everything else
NotThatPrivate
when I moved from SC to California, everything was about twice as expensive. However, my income went from about 20k to 80k and I had amazing health insurance.
Pretty good for waiting tables
thotterpop
Lucky. I'm just a hater making old angry people noises at gentrification. Also i hit a slump and have been poor for a long time and shit just sucks for me, so I'm just blaming random shit. Though, lower population (traffic, amount of people in grocery stores, etc) would be nice. I don't want to use the word depression, but it's really hard for me to do anything about improving my situation. Bootstraps are emotionally and/or mentally out of my price range so i can't even lift myself up.
TheCunningLinguists
That’s the standard concern trolling about every tax on the wealthy. Some might actually move. Most have so much money they won’t feel a fucking thing. Does anyone think any other ‘cheaper’ location in the country can match the cultural value found in NY. I’m skeptical.
wargames
the joke is, they dont live in ny, this is a tax on 2nd home carpet baggers.
DeadyBearr
It's why Trump keeps trying to force NYC to like him.
WHOLEMILK
I would not live there if it was free
tidepool
Giant rats and steaming piles of human feces and the whole place smells like pee that’s all I really know and it’s enough to never want to go. Outside of the five boroughs, though, NY is very nice.
SirenSinger17
Then don't?
jasondeslin
That's like saying you wouldn't date a Supermodel if she paid you. Who the fuck asked you to?
/Oh no, a random little online bitch no one cares about doesn't want to move to one of the highest population places on earth.
I'm sure they'll miss you... /s
leechdemon
No no; THEIR hot take is accurate, and it's the MILLIONS of denizens of the super metropolis that are wrong!! (/s, obvs)
LoudBirb
If they were going to actually move because somewhere else was cheaper, they would've already been living in Texas or Florida for many, many years.
Absolutely no one is going to tear up all their roots (i.e. sell their family home, say goodbye to all of their friends/family, abandon all of their social circles, etc.) for an amount of money that does not in any way impact the way they live.
Hell, most wouldn't do that even if they did feel it. They'd just cry about it.
InoffensivePablum
The tech industry will continue to stay centered in California because of the low taxes and low cost of living there.
crazyspelling
Lmao. I live in Silicon Valley. Two things will keep them here: (1) it's where there competitors are, so there's a gigantic pool of talent on tap for staff-ups, (2) it's very nearly the best weather in the continental US. Our taxes are high here, but like, annoying high, not "I'm going to move because of taxes" high. The COL is totally unmanageable though, that's what kills us. Starter homes are like $750k+ in the outskirts and poor areas. Starters near tech can easily be 2x-3x that.
DeadyBearr
I don't wanna say youre wrong but Detroit did die so it's not like cities haven't historically been fucked over by companies leaving.
SwiftyGuy
Somehow I doubt the “low cost of living” part. Especially when, to my understanding, there’s people with six-figure salaries, incredibly, that are nearly homeless there. Perhaps I’ve been misinformed about that?
Khanamana324
I think they’re being facetious.
crazyspelling
You're not misinformed, but at that point you're kinda choosing near-homelessness over getting a roommate or having a super shitty commute.
SirenSinger17
I think they're being sarcastic about the cost of living part
TheDefective
SedatedSl0th
Okay awesome but that formatting almost gave me a stroke
calenti
Oh, no! They might have to go buy their cocaine and migrats somewhere else? What will the state do?
peedrinkingcrapface
historically speaking, people have had no problem eating the rich.
it's the digesting of them that has caused issue. every time something just as vile gets excreted, only with a different shape or stench.
BarnegatLight
GiantShortstacks
Why should we let them know it's coming?
ShinyRoomba
The Luigi effect
tidepool
Oh woah I dig your UN. My grandpa and his family used to stay at the lightkeepers house in the summertime in the 1930s and he was playing on the beach when the Hindenburg flew over just before crashing. That lighthouse was the only happy time in his childhood he could remember having because of the Great Depression. Anyways thanks for the memory burst, I hadn’t thought of that in years. 🩷
BarnegatLight
Oh that's so cool - thanks for sharing your grandpa's memories!
OperatorWay
"Listen, you rich people, weep and wail because of the misery that is coming on you...
Your gold and silver are corroded. Their corrosion will testify against you and eat your flesh like fire. You have hoarded wealth in the last days.
Behold! The wages you failed to pay the workers who mowed your fields are crying out against you...
You have lived on earth in luxury and self-indulgence. You have fattened yourselves in the day of slaughter."
- James 5:1-5
Khanamana324
.
Zeterai
"Yeah but, like, that's totally woke garbage bro! I'm a Christian, not a socialist!"
Druidhunter77
.
IMakeLotsOfReferencesAndRemakes
Itadakimasu bitch
FlipTheBirdBeforeTheBirdFlipsYou
🦴 🍏 ☕️
TheRealSauceBoss
Pass the ketchup
ShinyRoomba
Sorry its not French's
TheDefective
Join or Start a local Socialist Rifle Association, Worker Soviet, Mutual Aid Network, Tenants' Union, Unemployed Union, Trade Union, or Artists Union Today! https://socialistra.org/">https://socialorg">org/">https://socialistraistr">org">org/">https://socialistra.">.or">istr">org">https://socialistra.org/org/">https://socialistra.org/>
https://mutualaidnetwork.org/
https://www.mutualaidhub.org/
https://olmsapps.dol.gov/query/getOrgQry.do
https://ua.org/join-the-ua/find-a-local-union/ Catch up with the Weather https://en.wikipedia.org/wiki/Weather_Underground
sjleegketting
Socialist Rifle Association? This sounds so weird to me as a European socialist. I'd like to know how guns fit in socialist policies because they are usually used to oppress people instead of sharing the means of production amongst all (including minorities).
That group is a walking contradictio interminis.
DestinyPrevails
A Socialist Rifle Association is pretty much spot on. "Under no pretext should arms and ammunition be surrendered; any attempt to disarm the workers must be frustrated, by force if necessary." It wasn't in the modern US 2nd Amendment sense, but to form civic guards and to back up the strike if necessary. Danish labour unions formed rifle clubs to train, for example, because of the history of police attacking unarmed demonstrators and strikers (Such as the Battle of the Commons in 1872).
sjleegketting
That sounds plausible. Nevertheless the world around myself (western europe) evolved into a place where guns are very rare in a socialist context. Private ownership of them is very low, socialist groups don't advocate arms at all, and you don't see gun culture in the foreground outside of American TV and Movies.
I guess America and Europe are truly different societies. Hard to judge it if you haven't experienced both I guess.
TheDefective
https://en.wikipedia.org/wiki/Paris__Commune">https://en.wikipedia.org/wiki/ParisCommune<">_Commune">https://en.wi_Commun">Commune<">_Commune">https://en.wikipekipedia.">_Commun">Commune<">_Commune">https://en.wikipedia.o">dia.">kipedia.">_Commun">Commune<">_Commune">https://en.wikipedia.org/wiki/Paris_Commune</a> https://en.wikipedia.org/wiki/Battle_of_Blair_Mountain https://en.wikipedia.org/wiki/MOVE_(Philadelphia_organization) https://en.wikipedia.org/wiki/Kent_State_shootings https://en.wikipedia.org/wiki/Human_rights_violations_by_the_CIA https://en.wikipedia.org/wiki/White_Supremacist_Infiltration_of_Law_Enforcement

sjleegketting
Don't make the mistake to see (European) socialism and communism as the same thing because they aren't. And i don't say there is no place for arms as law enforcement is always needed as are armies until we learn to truely share everything. But marrying socialism and guns is a big contradiction in my book.