Friday, June 25, 2010
Politics Bloomberg Won't Raise Taxes on the Millions People Like Him Hide Offshore Anyway
Posted by Mark Asch on Fri, Jun 25, 2010 at 10:56 AM
(I'll be back shortly with an update on libraries. In a genuinely good bit of news, all the city's pools will open as scheduled this summer.)
This new recession-era budget makes up none of its gaps with tax increases: "A group of liberal city lawmakers had urged the mayor to increase taxes on some of the city’s wealthier residents," the Times reports, "but the mayor had bristled at such a suggestion, saying it would prompt an exodus of residents and tax dollars." This is an argument our benevolent dictator is fond of using—the financial-news-service billionaire used a variation of it to lobby against financial reform—and he knows of what he speaks: why, he's been sheltering hundreds of millions of dollars in offshore tax havens for years!
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