I previously posted about the latest rash of scandalous photos coming out of Afghanistan showing U.S. military atrocities under Obama’s command, and wondering if the media would pick up on it the way they did when it was Bush’s army… Well, here’s a twist I wasn’t expecting: yes, one of the U.S. media, Rolling Stone, [...]
Jeffrey Goldberg, a correspondent for the Atlantic, cast a spotlight on yet another disgustingly overt example of pure bias in the mainstream media, particularly at the anti-Semitic Reuters newswire. He points to a Reuters news item which contains the following despicable sentences: Police said it was a “terrorist attack” — Israel’s term for a Palestinian [...]
In the [sparse] reporting of the Palestinians’ massacre of the Fogel family, several newspapers stand out with their distorted sense of “balance”, i.e., where they feel overwhelmingly uncomfortable describing the barbarity of the Palestinians without at least taking a swipe or two at the Israelis, no matter how patently irrelevant or disgustingly disrespectful it comes [...]
High NYC Taxes Driving Wealthy Away
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Conservative politicians have been saying this for the longest time: keep raising taxes and those who foot the biggest chunk of the bill are going to pack up and move where the burden is lighter.
Well, now it’s backed up by some serious research: the Empire Center for New York State Policy (part of the Manhattan Institute) has recently put out a report showing that New Yorkers have been fleeing NYC in record numbers for the last nine years and that those leaving are among the wealthier residents. They are being replaced by lower-income newcomers, causing a loss of several billion dollars per year in revenue.
The New York Post has some of the numbers:
More than 1.5 million state residents left for other parts of the United States from 2000 to 2008, according to the report from the Empire Center for New York State Policy. It was the biggest out-of-state migration in the country.
The vast majority of the migrants, 1.1 million, were former residents of New York City — meaning one out of seven city taxpayers moved out.
“The Empire State is being drained of an invaluable resource — people,” the report said.
What’s worse is that the families fleeing New York are being replaced by lower-income newcomers, who consequently pay less in taxes.
Overall, the ex-New Yorkers earn about 13 percent more than those who moved into the state, the study found.
And it should be no surprise that the city — and Manhattan in particular — suffered the biggest loss in terms of taxable income.
The average Manhattan taxpayer who left the state earned $93,264 a year. The average newcomer to Manhattan earned only $72,726.
That’s a difference of $20,538, the highest for any county in the state. Staten Island was second, with a $20,066 difference.
It all adds up to staggering loss in taxable income. During 2006-2007, the “migration flow” out of New York to other states amounted to a loss of $4.3 billion.
Although the statistics show that the peak year was 2005, there is still a consistent loss of taxpayers every year, due to the high cost of living and high taxes, according the the report.
Do you think that would stop Bloomberg? Do you think it would stop the City Council? No. These idiots will continue to keep taxing and spending until virtually the entire city is made up of low-income people paying debilitating taxes to receive deteriorating service from the city.