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Wednesday, December 17, 2008

New Yorkers tire of prosperity as well

Gov. David Paterson unveils dire New York State budget that includes new taxes, layoffs and cuts


To show how much they hate tourism and people having fun, New York has proposed the following taxes;

*An "iPod tax" that charges state and local sales tax for "digitally delivered entertainment services" - in other words, that new Beyonce song you download.
*State sales tax at movie theaters, sporting events, taxis, buses, limousines and cable and satellite TV and radio.
*Costlier driving with the repeal of the 8-cents-per-gallon sales tax cap on motor and diesel motor fuel, plus and increase in the auto rental tax.
*Tuition increases at SUNY and CUNY, $620 and $600 a year respectively.
*A 50 cent tax on cigars. The current tax is equal to 37% of the wholesale price, or 34 cents a cigar.
*No more sales tax break on clothes and shoes worth $110 or less, except during two weeks a year.
*Higher taxes on wine, beer and flavored malt beverages. He would also impose an 18% tax on non-nutritional drinks like soda.
*The rich would pay more for luxury items through an additional 5% tax imposed on cars costing more than $60,000, aircraft costing more than $500,000, yachts costing at least $200,000 and jewelry and furs costing in excess of $20,000.
*In addition, a host of a fees, including those related to motor vehicle licensing and registration, parks and auto insurance, would go up, as would various state-imposed fines.


In other words, if you remotely enjoy it, it will cost you more to enjoy it in New York. As usual, liberal politicians think that the key to prosperity is to raise taxes. They seem to forget that when people have more money, they spend it. You make less per transaction, but you have more transactions, and make more money. Sam Walton understood this and built one of the largest companies in the world with this philosophy. Government can work the same way, but as usual the left's thought is that only government spending can fix it, and we all know how well it does at fixing things. The government's job is to make roads, provide a monetary system, supply water, and fight wars, after that, everything else is fluff.


1 Comments:

Blogger Jar(egg)head said...

Lackey: "Governor, we're in big trouble! Productivity is down, unemployment is up, industry is leaving the state in droves, retail sales are severely deflated, new home starts are flat-lined, and food prices are sky high. You've got to do something sir!"

Gov: "Hrm. Yes. I see that. Uh... raise taxes?"

Lackey: "Brilliant, sir!"

That's the biggest problem with socialists: they can only think of ways to re-distribute wealth; when it comes to creating it, they're clueless. Their economic plan is directly adapted from the Underpants Gnomes:

Step 1) Raise taxes!
Step 2) (something miraculous happens here)
Step 3) Wealth!

14:22  

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