QOTD: sensitive plutocrats
by digby
“[Mayoral candidate Bill DeBlasio’s proposal to raise taxes on the wealthy so that all children can attend pre-school] 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., the world’s biggest money manager.
Greedy plutocrats have feelings too! Sheesh. Paying more in taxes hurts their feelings. These people are working as hard as they can to create lots of jobs by buying expensive jewelry, real estate, yachts and art. What more do these parasites…er, little people expect from them? Blood????
There’s more:
“Almost anyone with a self-perceived degree of affluence will be uncomfortable with de Blasio’s tax ideas,” said Michael Steinhardt, chairman of New York-based asset manager WisdomTree Investments Inc. While growing inequality is troubling, Steinhardt said, “perhaps even more so is the thought that more government spending is the way out of our problems.”[…]
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.”[…]
The city should be cutting spending and taxes, said Peter Solomon, chairman of New York-based investment bank Peter J. Solomon Co. and a former Lehman Brothers Holdings Inc. vice chairman.
FYI:
De Blasio, elected in 2009 to the watchdog post of public advocate, says he’s concerned that the number of middle-income city residents is shrinking. The richest 1 percent took home 39 percent of all earnings in 2012, up from 12 percent in 1980, according to the Fiscal Policy Institute, a nonprofit research group in New York.
Because they’re woooooorth it.
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