Last week it was the "two forms of ID needed to shovel snow" thing....and no one showed up.
Now this.......

Now this.......
Last week it was the "two forms of ID needed to shovel snow" thing....and no one showed up.
Now this.......
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www.nbcnewyork.com
$750k is an absolute joke, especially in NYC. Only the most destitute will not have a net worth like that at the time of their death. Real estate has gone crazy the last 10 years and that alone has caused many people's net worth to explode even though it is just paper gains. My in-laws are some of the worst financial decision makers and have been almost destitute their entire lives. Only because they got lucky and renovated a junked up house about 8 years ago and the place is now value at about $750k do they have any net worth at all. Under this proposed tax situation when they pass the house would have to be sold because there is no money in the estate to pay the tax. All because of one, smallish, single-family home.SOCIALIST MAMDANI INTENDS TO NOT EVEN LET YOU REST IN PEACE WITH A 50% DEATH TAX WHEN YOU DIE
Socialist Mamdani wants to reduce the estate tax exemption threshold to $750K from $7.1M and increase the confiscation rate to 50%.
That would be the lowest threshold in the entire country.
I searched "average home price in New York City," and the result was $805k with a median sales price of $875k. So indeed, just to keep an average paid for home with no other assets involved, survivors would face a significant tax bill.$750k is an absolute joke, especially in NYC. Only the most destitute will not have a net worth like that at the time of their death. Real estate has gone crazy the last 10 years and that alone has caused many people's net worth to explode even though it is just paper gains. My in-laws are some of the worst financial decision makers and have been almost destitute their entire lives. Only because they got lucky and renovated a junked up house about 8 years ago and the place is now value at about $750k do they have any net worth at all. Under this proposed tax situation when they pass the house would have to be sold because there is no money in the estate to pay the tax. All because of one, smallish, single-family home.
reason.com
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Federal Reserve: Without tariffs, inflation would have dropped to pre-pandemic levels during 2025
New study finds that tariffs were responsible for the "entirety of the excess inflation in the core goods category."reason.com
I find it interesting that a Reason article is used to show the inflationary result of tariffs (taxes). Not because the article is wrong; it is obviously correct. One need not have even a concept of basic economics to realize this. One just needs to have literacy in rudimentary math.
No, the interesting part is that a libertarian point of view is used to bash Trump’s policies by the same people who not that long ago claimed libertarians generally and Reason...
Q: “What would you say to Elon Musk about waste, fraud, and abuse?”
Zohran Mamdani: “I would say that this isn’t actually a right wing concern. It’s a concern right at the heart of leftwing politics because as people who care deeply about public goods, we care just as deeply about public excellence. And we know that if we want New Yorkers to believe in the power of government to deliver for them, we have to show that every single dollar in our budget is going towards exactly that. We’re proud to be looking for inefficiencies or examples of fraud or waste across city government, eliminating them, and then delivering on what people actually voted for”