We have to stop looking for something to tax for every solution, because eventually, people will get fed up and leave your city or state. New York City and Seattle are just beginning to see the consequences of what I call overtaxation, and companies, along with their employees, are leaving.
There is only so much money to squeeze from the rich or middle class, and socialism doesn’t believe in the rich, so where will they get their money once there is no juice left? All IMO.
“I pay billions of dollars in taxes, and it’s a perfect...again, if people want me to pay more billions, then let’s have that debate. But don’t pretend, you know, that this...that that’s going to solve the problem,” Bezos said. “You could double the taxes I pay, and it’s not going to help that teacher in Queens. I promise you.”
“So you can’t connect those two things, not logically. You know, there are more examples,” he said. “Why is rent expensive? Why is rent so expensive? I recently saw somebody blame it on Airbnb. OK, Airbnb is not the cause of expensive rent. In fact, it’s already been outlawed in New York City, and rents are still very high. So we know Airbnb isn’t causing high rents. What’s really causing high rent is government intervention.”