Mayor de Blasio Says Wealth Is ‘in the Wrong Hands,’ Pledges to Redistribute It

only if you do not count all income as income

sad fact is, the rich pay less tax per dollar then the middle class does

 

Not what I asked why the dodge?

How much excess fair share should they be paying and how little of their fair share should the bottom 50% be paying? What's fair about that?

 

So as the WSJ put it, who exact are these "wrong hands" ed Blasio is talking about?

"
• Perhaps he means David Koch, the retired businessman and libertarian who donated the entire $65 million cost for the new public plaza in front of the Metropolitan Museum of Art. The more than six million people who visit the museum each year can now stroll past trees and fountains on their way in and out of the Met, which by the way is also supported by private donors.


• Or perhaps the mayor is thinking of Ken Langone, the Home Depot founder, who has donated hundreds of millions of dollars to the New York University Medical Center that treats patients of all incomes and social strata. Mr. Langone’s most recent $100 million gift, made last year, will go to provide cost-free tuition for every NYU medical student. Wrong hands?

• Or maybe the mayor has in mind Richard Gilder, who made a fortune in finance and provided the first major grant for the Central Park Conservancy that has rescued the park from its sad mid-20th-century decline. Each year the conservancy, led by private donors, restores eroding corners of this grand public space with new trees, lawns, playgrounds and ballfields that are used by tens of thousands across the city regardless of income.

Mr. Gilder has also given generously to the American Museum of Natural History and the New-York Historical Society, two other favorites for visitors and students of all ways and means.

• Then again the mayor dislikes charter schools, so perhaps he means Stanley Druckenmiller, the legendary investor who has donated hundreds of millions of dollars for Geoffrey Canada’s successful charter-school network in the poorest neighborhoods of the city. These students would otherwise be stuck in failing schools run by Mr. de Blasio’s friends in the teachers union.

But thanks to donations from Mr. Druckenmiller, and hedge-fund operator Dan Loeb’s gifts to the Success Academy charter network, thousands of kids have a shot at a better life.

Here’s the real truth, brothers and sisters. Without the “wrong hands” that Mr. de Blasio despises, there would be no wealth or income to redistribute. Without the fruits of capitalist invention and business success, there would be no philanthropists to preserve the parks, to rebuild crumbling public spaces, to donate to the museums that give the non-rich a glimpse of great art and history, or to provide an alternative to failing public schools that cheat poor children of opportunity.

As for Mr. de Blasio’s right hands, there are those failing schools. And don’t forget the New York City Housing Authority, which last year had to sign a consent decree with the federal government for lying about its failure to provide safe and sanitary conditions."

https://www.wsj.com/articles/money-in-the-wrong-hands-11547411831

 

Hopefully your index finger hasn't developed arthritis by reporting all of this outrageous "flamebait".

You have my sympathy.

Oh, what was the topic again?

de Blasio?

The RW can stop obsessing over him.

Carry on.

 

They should pay more of an amount as determined by the people and the bottom 50% should pay less. That is fair under a progressive tax system

 

many of the poor are poor because of the greed of the rich

 

You mean Trump?

 

No he lower taxes for all Americans.

 

which hid the problems the Regan tax cuts caused, we would not of had the Computer boom without the technology boom of the time, what technology is gonna save us this time?

AI and Foreign outsourcing are in Americans future... the jobs are going, what will replace them? ... Sad!

 

AJ, its important to address the silliness coming from top democrats.

Its also entertaining.

 

False again they pay the highest marginal and effective tax rates by far. That's why they pay almost 90% of income taxes and the middle and lower income earners pay virtually nothing.

 

By all you mean the rich

 

Then why are there so many poor people in socialist countries?

 

In Norway? Holland? Sweden? Finland?

 

Which we wouldn’t of had without the tax cuts and innovation. There is little wonder Apple and Microsoft were able to get started in Reagan’s economy. We are having a boom on all fronts right now

 

I don’t think you know what socialism means

 

the technology would of grown with or without the tax cuts for the rich, the Clinton years were great, but the rich got even greedier and now that the economy is going down, there greed should be lessening too, but it's not, so the people will pay the price for the greed of the rich

 

I don't care what you prefer to call it. Lets just call it the Nordic model and do that

 

Sweden and Holland are market based capitalist nations.

Why are you only naming white nations?

Diversity much?

 

greed and power happens in socialist countries too, especially with dictators like Trump

be interesting to see what happens when Artificial Intelligence and Foreign outsourcing steal all our jobs, will we become like China?

when most of Americans are poor, they will vote for change

 

They are certainly part of all. Why don’t you actually answer my question what is rich and how much of their money you want, Joe?

 

Great lets do what they do!

White nations! That is racist to call them that. My god

 

Because of those lower rates investors were more able to invest in those new companies and technologies, had government kept taking it instead.................................how do you think the government taking that money and spending it will replace those jobs? Where will they keep getting that money if it is not being invested into the economy and creating growth and jobs and higher wages?

 

If more people support socialism, they certainly will be poor.

 

total BS, the rich pay less per dollar then the working class, we saw that with Romeny and Trump says he pays no taxes and that makes him smart