Avid Amoeba@lemmy.ca to News@lemmy.world · 3 days agoMamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passedwww.nytimes.comexternal-linkmessage-square236linkfedilinkarrow-up1803arrow-down15file-text
arrow-up1798arrow-down1external-linkMamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passedwww.nytimes.comAvid Amoeba@lemmy.ca to News@lemmy.world · 3 days agomessage-square236linkfedilinkfile-text
minus-squaremelsaskca@lemmy.calinkfedilinkarrow-up36arrow-down3·2 days ago“We are either going to get the money from the fat cats or from you. Your choice.”. I’m waiting on pins and needles to see where the money comes from.
minus-squareBronzebeard@lemmy.ziplinkfedilinkarrow-up19arrow-down1·2 days agoBoth of those hit the fat cats
minus-squarezjti8eit@lemmy.dbzer0.comlinkfedilinkarrow-up12arrow-down5·2 days agoI mean property taxes and wealth taxes are essentially the same thing.
minus-squareManjushri@piefed.sociallinkfedilinkEnglisharrow-up12arrow-down1·2 days agoOnly if the wealthy have their money invested in real estate, right? If they’re invested in stocks and hedge funds and such, then a property tax increase isn’t going to cost them as much as a straight up wealth tax.
minus-squareQuirky Quinn@lemmy.blahaj.zonelinkfedilinkarrow-up10arrow-down1·2 days agoSomeone owns the property where the factories are built.
“We are either going to get the money from the fat cats or from you. Your choice.”. I’m waiting on pins and needles to see where the money comes from.
Both of those hit the fat cats
I mean property taxes and wealth taxes are essentially the same thing.
Except they’re not.
Only if the wealthy have their money invested in real estate, right? If they’re invested in stocks and hedge funds and such, then a property tax increase isn’t going to cost them as much as a straight up wealth tax.
Someone owns the property where the factories are built.
in NYC?