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Democrats view Tax Day as a celebratory holiday
βYou might think of tax day as something annoying and awful. That day when you slip a check-in the mail that represents a gigantic chunk of your yearly earnings so that the federal government can then spend all of that money on a bunch of useless horse crap. But thatβs where youβre wrong, you see. According to Democrats, tax day is a magnificent delight, a day of festivities for all.β
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Progressive taxation aims to punish success over prosperity
βThe purpose of taxes, according to Democrats, is not, in fact, a more prosperous society or the obliteration of poverty. The purpose of taxes is super simple, to punish success. This is why they're always denying that's what they're doing, because it's what they're doing. The more successful you are, the more you ought to be punished.β
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Fairness is a subjective and meaningless tax metric
βNo Democrat can ever explain what the ideal fair tax rate is because fair is a fungible term. It doesn't mean anything. Fair is in the eye of the beholder. The real key is that you are punishing and reveling in punishing rich people. That's what it's about, which is why the Democratic Party, on tax day, put out a tweet saying tax the rich.β
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New York's pied a terre tax targets wealthy owners
βThis is an annual fee on luxury properties worth more than $5,000,000 whose owners do not live full time in the city. Like for this penthouse, which hedge fund CEO Ken Griffin bought for $238,000,000. This pia de terre tax is specifically designed for the richest of the rich. Those who store their wealth in New York City real estate, but who don't actually live here.β
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Taxing the rich often causes an economic exodus
βI know people in the real estate industry, and a lot of people in the real estate industry are backing out of contracts in New York City specifically because of this sort of stuff. And remember, earlier this year, Mamdani tried to threaten the New York governor by presenting a binary choice to fix the cityβs emergency by saying, one, he could tax the rich.β
