...And A Tax Hike
I'd Give Thanks For The Incompetence of Our Adversaries If It Didn't Cost Me Money
By Dan McLaughlin Posted in Eliot Spitzer | State Politics — Comments (8) / Email this page » / Leave a comment »
As if he hasn't had enough stumbles, NY Governor Eliot Spitzer is now considering breaking outright his campaign promise not to raise taxes, which he previously bent rather severely with proposed business tax hikes and aggressive sales tax enforcement against Native Americans. He's apparently pondering an income tax hike:
Governor Spitzer is considering a proposal to raise income taxes on wealthier New Yorkers, according to a labor-backed political party that is pushing for the increase....
Support for a tax increase is coming from one of Mr. Spitzer's firmest backers, the Working Families Party, a grassroots operation financed by a coalition of labor unions and community groups....
Party leaders have not finalized details of the plan, but they are expected to call for raising the income tax rates of New Yorkers earning at least $200,000 to $500,000 a year.
This is on top of Spitzer's new plan to tax Internet sales and new MTA fare hikes. Because really, the first thing people think of in New York is that taxes are so low and the business climate is so friendly...
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...And A Tax Hike 8 Comments (0 topical, 8 editorial, 0 hidden) Post a comment »
"Peter Principle" in action.
For those too young to remember - the "Peter Principle" states that everyone rises until they reach a level at which they are incompetent and stay at that level.
They elected him. Let them reap what they sow.
"No compromise with the main purpose, no peace till victory, no pact with unrepentant wrong." - Winston Churchill
As attorney general, Spitzer misused the power of his office to go on a wild rampage against any media-unsympathetic target he could find. That included ruining the career of Hank Greenberg, a man with many faults who just happened to make a great many shareholders of AIG Insurance considerably richer, and also of several of the directors of the New York Stock Exchange.
Spitzer's case against AIG rested on an interpretation of a never-used statute from the 1870s that he himself admitted was novel. The strategy was to convict Greenberg, his son, and the company he built in the court of public opinion rather than a court of law. Greenberg has not had his day in court, because Spitzer never formally charged him with anything.
Because we allow morons to vote in this country, Spitzer was an unbeatable candidate for governor. People who get their information from the MSM all believed he was a tribune of the people, and the man who "cleaned up" Wall Street.
WHAT HOGWASH. He destroyed a huge amount of the value of one the world's greatest companies, that provides jobs for tens of thousands of people, and financial security for many more.
Spitzer is no better than a professional assassin. And because of the way politics works in this country, this made him a man no one could rationally challenge for the highest office in the state of New York.
needs a corollary: "everyone rises until they reach a level at which they are incompetent and stay at that level" until they are voted out of office.
Spitzer appears to be on a power dive towards political oblivion with his ham handed machinations as he try to control the levers of power in Albany. So yes, they elected him, they get to live with that until the next election when they will remove him.
Is there actually a potential Republican candidate other than Mikie who says he won't run?
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CongressCritter™: Never have so few felt like they were owed so much by so many for so little.
The State Trooper scandal, then the license/illegals thing, now a boffo tax increase, well done Governor. A sense of timing is not his strong point.
Elliot is still living in the afterglow of his glory days as Attorney General when he was a hero for going after that institutional evil, Big Business. The incessant and uncritical praise from the media seems to have infused him with an over sized ego. Or maybe, less the big business crusades, he's just another dumb Democrat incompetent.
Well, the higher income New Yorkers in their sophistication helped elect him. Say hello to what you enabled folks, and when will you learn?
"a man's admiration for absolute government is proportinate to the contempt he feels for those around him". Tocqueville