{"id":723,"date":"2009-05-27T19:31:50","date_gmt":"2009-05-28T00:31:50","guid":{"rendered":"http:\/\/www.davehitt.com\/blog2\/soaking-the-rich-makes-them-move-to-drier-climates\/"},"modified":"2009-05-29T07:34:54","modified_gmt":"2009-05-29T12:34:54","slug":"soaking-the-rich-makes-them-move-to-drier-climates","status":"publish","type":"post","link":"http:\/\/www.davehitt.com\/blog2\/soaking-the-rich-makes-them-move-to-drier-climates\/","title":{"rendered":"Soaking The Rich makes them Move to Drier Climates"},"content":{"rendered":"

When Maryland raised their already high top tax rates the Governor said<\/a> they’d be “willing and able to pay their fair share.”\u00c2\u00a0 Able? Probably.\u00c2\u00a0 Willing?\u00c2\u00a0 Not so much.<\/p>\n

The year before before the tax hike about 3,000 residents had incomes of a million dollars or more.\u00c2\u00a0 A year later, that number had dropped by 1\/3, to 2,000. They expected the new tax to raise an extra hundred million – instead they’re collecting a hundred million less <\/em>from their millionaires.<\/p>\n

Very few rich people got wealthy by being stupid, or by refusing to protect their assets.\u00c2\u00a0 While some of the drop was probably due to the economy, and no one knows exactly how many millionaires actually moved<\/em>, it should be obvious that soaking the rich is a pretty stupid way to finance your pet government projects.<\/p>\n

Update:<\/strong> Right after I wrote this post I found this editorial<\/a> in the local rag.\u00c2\u00a0 The always snotty, always lefty Times Union (Known to us locals as the Times Useless) has the balls to castigate a successful business man, who has created hundreds of jobs, for leaving the state to save $5 million a year in taxes.\u00c2\u00a0 They said he was getting out of paying is fair share of taxes (they consider $13,800 a day fair) and compared him to Leona Helmsley.<\/p>\n

Mr. G’s reply, in yesterdays TU, isn’t on their site yet, but he explains himself (as if he owed anyone an explanation) here<\/a>.<\/p>\n

Pop Question: If you could save nearly fourteen thousand dollars a day by moving, would you?<\/p>\n

NYS government is one of the most dysfunctional in the country so it’s unlikely they’ll ever grow a brain cell or get a clue.\u00c2\u00a0 Meanwhile, we can not only expect more of the evil wealthy (i.e. the ones who create jobs directly through creating businesses and indirectly by spending lots of money) to leave, but other wealthy folks to stay away.<\/p>\n

I’m not wealthy, and probably never will be, but if it happens, I am outta here too.<\/p>\n

\"\"<\/div>\n","protected":false},"excerpt":{"rendered":"

When Maryland raised their already high top tax rates the Governor said they’d be “willing and able to pay their fair share.”\u00c2\u00a0 Able? Probably.\u00c2\u00a0 Willing?\u00c2\u00a0 Not so much. The year before before the tax hike about 3,000 residents had incomes of a million dollars or more.\u00c2\u00a0 A year later, that number had dropped by 1\/3, […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[4],"tags":[],"_links":{"self":[{"href":"http:\/\/www.davehitt.com\/blog2\/wp-json\/wp\/v2\/posts\/723"}],"collection":[{"href":"http:\/\/www.davehitt.com\/blog2\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/www.davehitt.com\/blog2\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/www.davehitt.com\/blog2\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/www.davehitt.com\/blog2\/wp-json\/wp\/v2\/comments?post=723"}],"version-history":[{"count":5,"href":"http:\/\/www.davehitt.com\/blog2\/wp-json\/wp\/v2\/posts\/723\/revisions"}],"predecessor-version":[{"id":725,"href":"http:\/\/www.davehitt.com\/blog2\/wp-json\/wp\/v2\/posts\/723\/revisions\/725"}],"wp:attachment":[{"href":"http:\/\/www.davehitt.com\/blog2\/wp-json\/wp\/v2\/media?parent=723"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/www.davehitt.com\/blog2\/wp-json\/wp\/v2\/categories?post=723"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/www.davehitt.com\/blog2\/wp-json\/wp\/v2\/tags?post=723"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}