But now, since Silver has nixed the plan, Bloomberg proposes taxing miliionaires for the purpose of...? I 'm lost again. What the hell is he up to, merely raising money?
Cities all over the country seem desparate to raise revenue. Since the populace is resistant to higher taxes, things like tolls and red light cameras offer a way around that problem.
I have to wonder if pension and health care obligations could be part of what's driving this. They've certainly been a drag on US auto companies. With the expansion of government at all levels, I would think those obligations are quite substantial, if not overwhelming.
Oh, it sure isn't helping, that's clear. The retirement boom is just hitting the fan and dragging along the whole package: health care and pension funded checks every month. The State-as-employer used these as seduction to get better long-term workers, now they be biting back.