Tuesday Links
State May Raise Taxes on the Rich [NY Times] Bring On the Stimulus, Groups Say [NY Times] Home Builder Posts Sharp Revenue Drop [NY Times] Broker: Park Slope Rents Down 10% [Brooklyn Eagle] Fort Greene’s DARE Books Closing [Brooklyn Paper] Judge Dismisses Lawsuit Blocking NYU/Poly Deal [AY Report] Photo by mugsniffer in the Brownstoner Flickr…

State May Raise Taxes on the Rich [NY Times]
Bring On the Stimulus, Groups Say [NY Times]
Home Builder Posts Sharp Revenue Drop [NY Times]
Broker: Park Slope Rents Down 10% [Brooklyn Eagle]
Fort Greene’s DARE Books Closing [Brooklyn Paper]
Judge Dismisses Lawsuit Blocking NYU/Poly Deal [AY Report]
Photo by mugsniffer in the Brownstoner Flickr Pool
a lot of yuppies out there, mopar, from where I sit 🙂
Heh heh heh Mr. Joist, I always said the definition of a yuppie is anyone who makes more money than you do.
I think it’s remarkable Park Slope rents are down 10 percent, also agree with Slopefarm, they should do a quarterly comp and yearly comp.
mr.joist- being called wacky by someone who was rather overwhelmingly put down for poor thinking on the AY thread says more about my creds than yours.
thanks for the little one dollar more homily. It made you sound so Farmer’s Almanac in an amatuerish sort of way.
i used to live within earshot of Lowes Motor Speedway and have spoken with Jeff Gordon and his mom before. I was 8 years old tho.
Santa,
Jeff Gordon is on Rachel Ray because the NASCAR season is starting up again. The Daytona 500 is on Sunday (yeah!) 3:30 on Fox. I also think his mom has a cookbook.
bxgrl Tip of the Day: When you double-post and incite class warfare, it makes you seem a bit wacky.
As dittoburg said, $125,000 (top of the “middle class range” according to that recent study) x 2 = $250,000. No family making $250k with a couple of kids is “getting a tax write-off when your wife donates her once-worn $3000 evening gown to Goodwill.” Hah!
Anyway, like I always say … a “rich guy” is someone that makes $1 more than you do. That said, raising income and payroll taxes in a recession just doesn’t feel right.
I care about rents. But there is seasonal variation in the market. Would like to know how rents are holding up compared with same time last year. Comparison with six months ago maximizes the extent to which seasonal fluctuation is reflected in the data.
250k is a lot. period. Many of us live on far less- we just live within our means. No $6000 shower curtains, no $15,000 kitchen appliances, no twice a year vacations to fancy ski resorts and fire the cook and nanny. And lets get rid of all the unusual and usual tax breaks the expensive accountant finds for you when you file. (That includes not getting a tax writeoff when your wife donates her once-worn $3000 evening gown to Goodwill.)
Sorry- it really tickles me when someone complains how hard it is to live on a quarter of a million in this city. I think the operative words are “to live in the style to which I want to become accustomed to” in this city.
I’ve got wealthy friends- it’s a little disconcerting to hear them complain about how expensive things are when they are talking about buying wine to fill the new cellar.
There are plenty of us who make do on a lot less. Too many people in upper income brackets live beyond their means- as per the NYTimes article yesterday. And its not that they shouldn’t have the right to buy $1000.00 wastebaskets, but seeing as under the existing system we already drove people out, lowered the tax base, destroyed jobs and left the less mobile lower classes holding the bag under the present system, maybe its time to rethink it.
The whole idea of trickledown economics- let the rich keep more money and they’ll create businesses and jobs and we’ll all be happy was a delusional myth. his is the reality- all our thinking about taxes and rates and tax cuts needs to be turned on its head and reconfigured.