Yesterday, I reported that Andrew Cuomo told supporters in midtown that the state can’t raise taxes because residents will “vote with their feet,” according to one attendee in the room.
Political consultant Joe Mercurio added some context to Cuomo’s remarks on my FaceBook page: “He did not say they would move away, he said they would stay home and not vote for the Democrats if they raised taxes. I might add, just like they voted with their feet last year and Democratic turnout was way down.”
Mercurio’s writing was part of a lively debate on FaceBook, with contributions from Roger Stone, Henry Goldman, Stu Loeser and Aaron Naparstek:
Joe Mercurio: “Cuomo would be correct if he said that.”
Roger Stone: “when will he tell us what spending he will cut in order to cut taxes?”
Henry Goldman: [links to a story headlined: "Rich Stay When Taxes Rise, New Jersey Analyst Says]
Goldman: “I’m always amused by politicians who defend the rich against the abuses of the poor.”
Mercurio: “Henry, he did not say they would move away, he said they would stay home and not vote for the Democrats if they raised taxes. I might add, just like they voted with their feet last year and Democratic turnout was way down.”
Loeser: “As that story reports, Henry, “only” two percent of taxpayers affected by Maryland’s millionaires tax left. But in NYC, the top ONE percent of filers currently pay 57.2% of the City’s Personal Income Tax. So even if “only” two percent of our biggest taxpayers leave, if they’re the ones most affected by the tax, we’re, umm, screwed.”
Loeser: “And you should read this, too: [links to a story headlined "Like it or not, we need it! Wall St. is New York's Main Street."]
Goldman: “I’m familiar with the argument.”
Mercurio: “Actually, the fear is not the millionaires leaving, as bad as that might be, the fear is losing thiose between $100,000 and $500,000, who would leave in greater numbers.”
Aaron Naparstek: “Do we have an example of this ever happening anywhere — a municipality or state raises taxes and suddenly a bunch of wealthy inhabitants disinvest and move somewhere else?”
Loeser: “Well, within the confines of this discussion, the only proof that we have that it happens is the data in the story Henry posted.”
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