Meet our new correspondent, Shitty Hall. He brings us a report courtesy of the NY Sun:
"Mayor Bloomberg is warning that a new tax-the-rich scheme targeting hedge funds, private equity firms, and real estate partnerships in New York City would drive wealthy taxpayers from the city.
Wealthy Taxpayers Would Flee New Plan, Mayor Says
Mr. Bloomberg, speaking for the first time about the new tax proposal, said yesterday that the first rule of imposing taxes should be: "Don't try to raise the taxes on those who could pick up and move out tomorrow, because you won't get even what they've been paying."
The mayor voiced support yesterday for the so-called Amazon tax, which will require New York City shoppers to pay an additional 8.375% on goods from many online retailers based outside of New York.
Now back to you, Crappy."
Real estate partnerships? Oh no, we can't be having that. Tax the middle class instead. If they pick up and move out it leaves more room for luxury condos.