If you're "rich" and still live in New York you must be really lucky, because you didn't acquire that wealth through smarts.. Either that or you're so big brain you avoid all the taxes any way...
Most rich people don't attain wealth via "income", which is why this kind of stuff doesn't really affect them. This only affects the "working rich", like doctors and stock brokers.
That's a good point. And it probably depends what kind of tax. Income tax, yes. Property tax seems like it would hit old money as well. Capital gains as well, but I'm not sure they could collect that at a City/State level or not.
If you're "rich" and still live in New York you must be really lucky, because you didn't acquire that wealth through smarts.. Either that or you're so big brain you avoid all the taxes any way...
Most rich people don't attain wealth via "income", which is why this kind of stuff doesn't really affect them. This only affects the "working rich", like doctors and stock brokers.
That's a good point. And it probably depends what kind of tax. Income tax, yes. Property tax seems like it would hit old money as well. Capital gains as well, but I'm not sure they could collect that at a City/State level or not.