LetsPlayCanasta

LetsPlayCanasta OP t1_iufc23c wrote

Here's what the editorial said on policy:

>During Tuesday’s debate, after hundreds of thousands of votes had already been cast, voters finally learned something about where the candidates stood. They learned, among other things, that Mr. Oz opposes federal intervention in abortion rights, and Mr. Fetterman supports the broader Constitutional guarantees provided by the overturned Roe v. Wade decision. They learned Mr. Fetterman supports a federally mandated $15-an-hour minimum wage, and Mr. Oz wants market forces to raise wages. They learned both candidates support fracking. They also learned both men are politicians, as they ducked and dodged questions about why they had changed their minds on fracking.

Fetterman supports fracking? He should make that clear.

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LetsPlayCanasta OP t1_iufabnf wrote

More from the editorial:

>"Mr. Fetterman’s life experience and maturity are also concerns. He has lived off his family’s money for much of his life. That has allowed him to do some good things, including mentoring disadvantaged young people and working to improve community policing and economic development in Braddock. That work, along with his six-foot-eight frame, shaved head and tattoos, attracted national media attention. Still, Mr. Fetterman, despite his hoodies and shorts, has little experience in holding real jobs or facing the problems of working people."

Ouch.

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LetsPlayCanasta OP t1_iuf4951 wrote

Oh, interesting. What do you think of the editorial?

"Mr. Fetterman’s health — he suffered a serious stroke in May — is not the issue. His lack of transparency, however, in refusing to release his medical records is troubling. It suggests an impulse to conceal and a mistrust of the people. All candidates for a major elected office should release their medical records, as did Mr. Oz. If you want privacy, don’t run for public office."

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LetsPlayCanasta t1_iubs7ui wrote

Yup, the WSJ article notes the financial crisis. Then there's this:

"One-in-eight millionaires who filed a Maryland tax return in 2007 filed no return in 2008. Some died, but the others presumably changed their state of residence. (Hint to the class warfare crowd: A lot of rich people have two homes.)
A Bank of America Merrill Lynch analysis of federal tax return data on people who migrated from one state to another found that Maryland lost $1 billion of its net tax base in 2008 by residents moving to other states. That’s income that’s now being taxed and is financing services in Virginia, South Carolina and elsewhere."

https://taxfoundation.org/marylands-millionaires-missing-after-income-tax-hike

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LetsPlayCanasta t1_iubrl61 wrote

>Most of these millionaires started as small business owners who weren't making much money but they needed to hire people to grow their business.

Yes, they took a risk, sacrificed, and created businesses that gave livelihoods to employees who subsequently provided for their families.

They must be punished.

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LetsPlayCanasta t1_iubp4i7 wrote

Will personal taxpayers earning over a million move over the border into New Hampshire?

Based on history and previous examples from Maryland to France, why wouldn't we believe this? And why wouldn't we believe there would be an actual drop in expected revenues just like those previous examples?

https://www.nytimes.com/2016/05/01/business/one-top-taxpayer-moved-and-new-jersey-shuddered.html

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LetsPlayCanasta t1_iubn4ur wrote

Sure: I don't sit here and covet the wealth of other men. I don't believe we should punish success by taxing people at a higher rate just because they're successful. I think it's obscene to demand that people pay more just because they have more.

I'm sure that Bill Gates doesn't think twice about me. But Bill Gates created an industry that has employed tens of thousands of people in mostly high-paying jobs, and has created a business that increases productivity across the globe. We should be thanking him but instead the opinion is "he has a lot of money and he should give it to us."

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LetsPlayCanasta t1_iubkw0q wrote

>Well, the state comptroller's office now has the final tax return data for 2008, the first year that the higher tax rates applied. The number of millionaire tax returns fell sharply to 5,529 from 7,898 in 2007, a 30% tumble. The taxes paid by rich filers fell by 22%, and instead of their payments increasing by $106 million, they fell by some $257 million.

Which of the numbers here have spoiled with age?

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LetsPlayCanasta t1_iubjk66 wrote

Yeah, it's funny how we've been beholden to trickle down economics here in Massachusetts until now.

After - who knows how long - with a flat and equal tax on everyone, we're going to reverse this policy.

It worked so well for Maryland: https://www.wsj.com/articles/SB10001424052748703976804575114241782001262

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