Every time we want to change society to benefit average people, we have to deal with ultrawealthy crybabies. We’re held hostage by those who already have it all. It doesn’t have to be like this.
Disappointed to see Jacobin taking the threat of the wealthy leaving seriously…
It’s fucking New York, raise property tax and raise it more for any person (or corporation without a majority of owners) that lives outside of New York.
Stop fucking acting like we can’t do shit, because the wealthy might retaliate. They haven’t stopped the class war, they’re fighting as hard as possible and willing to cross any line.
Anyone saying we can’t fight back because they might retaliate is ignorant of the entire history of America. They’re already doing everything they can to fuck us over.
If the wealthy say they’ll leave because of progressive the response should be only:
K
And then go back to talking about progressive policy to voters.
Don’t let them stop what’s working by changing the subject.
The thing about the rich leaving is… It doesn’t matter if they do. What actual work do they do to produce the profits? Absolutely fuck all.
Imagine for a moment that all billionaires suddenly left the county. They’d effectively be abandoning their properties, which so long as progressive policies are in place, wouldn’t create a power vacuum where another rich asshole steps in and does the same or worse than the last one.
WE are the producers. Implement progressive policy, make work more fair and everyone except the leaches (ownership leaches, not the disabled) benefit.
Again, as you stated, progressive policy is the way to first, make the leaches leave, but also make the leaving not further destructive to society as a whole.
They’d effectively be abandoning their properties,
They wouldn’t…
They can’t take a fucking skyscraper with them, and they still pay property tax where it’s at.
That’s why I’m saying if you wanted to keep them, you’d drastically raise property tax, with a reduction for states residents. Especially when talking housing, that would be huge.
A homestead taxed at 5% or an investment property at 25% means investment firms aren’t just going to stop buying, they’ll start selling. Which would solve but at least alleviate the housing crisis.
Like, specifically NYC, they’re in a weird situation they want to reduce the price of real estate. It can’t happen too fast tho or it 08 all over again.
But the best thing to reduce real estate prices, is taxing the fuck out of investment properties. Maybe throw a multi-year plan out there so it gets more and more painful every year. That way it’s not a fire sale all at once.
We have plenty of options, we just need to elect politicians willing to use them
This is not the arrangement of a free society. This is the stuff of kings and feudal lords ruling over serfs. It is not befitting a democracy. And for a country so devoted to the principle of freedom and so proud of our history of rejecting illegitimate monarchical authority, we should be pissed off about it. Americans shouldn’t have to grovel pathetically before oligarchs to prevent them from nuking our economy as punishment for trying to attain an infinitesimal fraction of the privilege they enjoy — privileges which, of course, are already more lopsidedly distributed to the wealthy than ever.
If he wins the general election, Madani will have to proceed carefully, calling the wealthy’s bluff enough to pass meaningful reforms without setting into motion a devastating process in which those bluffs become reality. The rest of us, though, should be clear about one thing: what we’re seeing now is a tiny minority trying to hold an entire city — an entire society — hostage to its own interests, using its structural leverage in the economy to undermine the democratic will of ordinary people.
Surely there’s a better economic and political system than one where we have to coddle these villains every time we want to raise the standard of living for the majority. We don’t have to put up with this.
Imo. they aren’t buckling to it. The article points out that under the current system it is a real threat to the politician Mamdani. So it is up to the people to back him up in pushing for meaningful change as well as put the pressure for real change to the corrupted system.
devastating process in which those bluffs become reality
??? He wants to raise their effective tax by a few points, from like 8 to 11%. This will devastate nobody. Meanwhile the working class is paying 30% or more.
These rich fucks can stfu, and yes jacobin is both sidesing it in the typical fashion of mainstream media.
Unlike other classifications of people, it’s relatively easy to create new rich people. Isn’t that what these people think the American Dream is all about? Is this group of rich people opposed to the American Dream?
Disappointed to see Jacobin taking the threat of the wealthy leaving seriously…
It’s fucking New York, raise property tax and raise it more for any person (or corporation without a majority of owners) that lives outside of New York.
Stop fucking acting like we can’t do shit, because the wealthy might retaliate. They haven’t stopped the class war, they’re fighting as hard as possible and willing to cross any line.
Anyone saying we can’t fight back because they might retaliate is ignorant of the entire history of America. They’re already doing everything they can to fuck us over.
If the wealthy say they’ll leave because of progressive the response should be only:
And then go back to talking about progressive policy to voters.
Don’t let them stop what’s working by changing the subject.
The article was talking about how Mamdani will have to handle the rich if he is elected. For the rest of us it suggests revolution.
The thing about the rich leaving is… It doesn’t matter if they do. What actual work do they do to produce the profits? Absolutely fuck all.
Imagine for a moment that all billionaires suddenly left the county. They’d effectively be abandoning their properties, which so long as progressive policies are in place, wouldn’t create a power vacuum where another rich asshole steps in and does the same or worse than the last one.
WE are the producers. Implement progressive policy, make work more fair and everyone except the leaches (ownership leaches, not the disabled) benefit.
Again, as you stated, progressive policy is the way to first, make the leaches leave, but also make the leaving not further destructive to society as a whole.
They wouldn’t…
They can’t take a fucking skyscraper with them, and they still pay property tax where it’s at.
That’s why I’m saying if you wanted to keep them, you’d drastically raise property tax, with a reduction for states residents. Especially when talking housing, that would be huge.
A homestead taxed at 5% or an investment property at 25% means investment firms aren’t just going to stop buying, they’ll start selling. Which would solve but at least alleviate the housing crisis.
Like, specifically NYC, they’re in a weird situation they want to reduce the price of real estate. It can’t happen too fast tho or it 08 all over again.
But the best thing to reduce real estate prices, is taxing the fuck out of investment properties. Maybe throw a multi-year plan out there so it gets more and more painful every year. That way it’s not a fire sale all at once.
We have plenty of options, we just need to elect politicians willing to use them
Right. Rich people leaving New York is a feature, not a bug. It’s not like they pay taxes and any “investment” they do is extractive (eg landlords).
Good riddance to bad rubbish.
The article ends with
Imo. they aren’t buckling to it. The article points out that under the current system it is a real threat to the politician Mamdani. So it is up to the people to back him up in pushing for meaningful change as well as put the pressure for real change to the corrupted system.
??? He wants to raise their effective tax by a few points, from like 8 to 11%. This will devastate nobody. Meanwhile the working class is paying 30% or more.
These rich fucks can stfu, and yes jacobin is both sidesing it in the typical fashion of mainstream media.
Unlike other classifications of people, it’s relatively easy to create new rich people. Isn’t that what these people think the American Dream is all about? Is this group of rich people opposed to the American Dream?