05 September 2013

Not Enough Bullets………

In the New York City Mayoral primary, Bill De Blasio, the New York City Public Advocate, is leading in all the polls.

In fact, he is leading by enough that, in a 9 candidate race, he has a shot to clear the 40% requirement in a runoff, is rather telling.

It is heartening that in the home of Wall Street an unabashed liberal appears likely to be the next Mayor of New York.

One of his central proposals is to, "Increase the city’s income tax on wealthy residents earning over $500,000, from 3.86 percent to 4.41 percent," (PDF) to fund universal preschool.

If you do the math, you will realize that this means an additional $2750.00 in taxes for someone earning a million dollars a year, basically chump change, particularly amongst the well to do in New York.

However, it appears the suggestion that the rich and very rich toss a few more pennies toward public resources has hurt the feeling of rich self absorbed assholes:
When New York mayoral candidate Bill de Blasio first proposed taxing the rich so every child in the city could attend all-day preschool, it was October and he had support from fewer than 10 percent of Democrats in polls.

Now he leads the pack. And some of the wealthy New Yorkers who’d pay more under his plan say it bewilders and offends them.
Oh, it offends them, their delicate feelings are hurt.

F%$# that.
“It shows lack of sensitivity to the city’s biggest revenue providers and job creators,” said Kathryn Wylde, president of the Partnership for New York City, a network of 200 chief executive officers, including co-Chairman Laurence Fink of BlackRock Inc. (BLK), the world’s biggest money manager.
I am so concerned that we are being insufficiently "sensitive" to the parasites from Wall Street.
E.E. “Buzzy” Geduld, who runs the hedge fund Cougar Capital LLC in the city and is a trustee of Manhattan’s Dalton School, where annual tuition tops $40,000, said de Blasio’s plan “is the most absurd thing I’ve ever heard” and “not a smart thing to do.”
Yes, because someone who can afford $40,000.00 for a year at private school, will be absolutely destroyed by a 0.55% increase in their taxes on income over ½ a million dollars a year.
De Blasio first presented his tax plan to a quiet audience attending his Oct. 4 speech to the Association for a Better New York, a real-estate developers’ civic group. He called on them, as some of the city’s wealthiest individuals, to provide about $532 million for universal all-day pre-kindergarten and after-hours middle-school programs.

About 20,000 of New York’s 68,000 four-year-olds get city-funded full-day pre-kindergarten classes, with 38,000 enrolled in three-hour programs and 10,000 in none. The added pre-K slots would cost roughly $342 million, de Blasio said.
It's rather telling that George Soros has contributed to De Blasio campaign. I think that he earns a decent salary.

Additionally, that raving Bolshevik Ben Bernanke has endorsed increased pre-school and after school programs as well.

What a bunch or useless self-absorbed jerks.  I would call them schmucks, but a schmuck has a head.

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