▲ 805 ▼ Mamdani Threatens 9.5% Property Tax Increase if Wealth Tax Is Not Passed (www.nytimes.com) submitted 5 months ago by avidamoeba@lemmy.ca to c/news@lemmy.world 237 comments fedilink hide all child comments cross-posted from: https://sh.itjust.works/post/55502152
[–] rushmonke@ttrpg.network 2 points 5 months ago (1 child) It really sucks having so many useful idiots looking out for the people taking advantage of them. permalink fedilink source parent hideshow 2 child comments replies: [–] Pacattack57@lemmy.world 0 points 5 months ago You don’t understand basic economics. You are poor and blame everyone else and want others to needlessly suffer. There are several 100k homeowners in NYC that will have their mortgages raised by 9% and will be forced to sell their homes and displace their families. Rich people do not pay these taxes. They write them off under business expenses because all their homes are under LLC. These types of taxes disproportionately hurt middle class. It’s doesn’t hurt lower class because y’all don’t own homes anyway but it increases the threshold for the buy-in so that some of yall can start building wealth with your first home but you ask for property tax increases so it keeps you poor. But ya blame the middle class some more. permalink fedilink source parent
[–] Pacattack57@lemmy.world 0 points 5 months ago You don’t understand basic economics. You are poor and blame everyone else and want others to needlessly suffer. There are several 100k homeowners in NYC that will have their mortgages raised by 9% and will be forced to sell their homes and displace their families. Rich people do not pay these taxes. They write them off under business expenses because all their homes are under LLC. These types of taxes disproportionately hurt middle class. It’s doesn’t hurt lower class because y’all don’t own homes anyway but it increases the threshold for the buy-in so that some of yall can start building wealth with your first home but you ask for property tax increases so it keeps you poor. But ya blame the middle class some more. permalink fedilink source parent