this post was submitted on 12 May 2026
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Who would have thought taxing the rich improves everyone's lives?
Nah, they just got lucky. We absolutely cannot keep trying this, because it's doomed to fail. Capitalism is the only system that works.
If we tax the rich they will all move away to other countries then we will be left here with just the people who do all the work. We will never survive
No need to seize the means of production if they simply abandon it...
I say let's try it elsewhere, just to prove those despicable commies it was absolutely a fluke.
This is capitalism though, like, fully and throughout.
But he did it by not adding more money to your pension programs. The tax the rich part only made about 5% on the gap
you're right, now I understand that firing about a hundred thousand people and cutting all city services would have been better.
Or you can kick the can down the road and hope you have enough money later, but don't worry that is a problem our kids will pay for.
Capitalism and taxing the rich are not opposing each other.
The problem with a statement like this is it is technically, academically true. However, in practice, it may as well be carved in stone. A system where fewer and fewer people accumulate more wealth and power is going to eventually put them above taxes, above the laws of nations 99/100. In Capitalism 2.1 that is a whispered goal.
This isn’t from taxing the rich, this is from deferring payments to city pension funds, delaying class size reductions and other schemes, and taking a huge wad of cash from state aid. And $1.2bn gained because NYC had fewer employees than expected this year. So it’s a one-time deal rather than a sustainable policy.