bloomberg is such a horrible person. the MTA is a mess, there are more homeless than ever, and st vincent's is closing down and all this runt can do is beg congress to protect wall st who have helped bring us down. he's the worst but people voted for him.

dear bloomberg:

the only incentives that drove businesses out of the city were YOUR incentives, you crook conniving SOB. tens of thousands of hardworking, honest-living middle class americans and their small businesses were forced out of the city to accomodate your incentives supporting mainly yourself and your political and corporate cronies.

Tax Bloomberg out of this city but I am sure most of his holdings are off shore

People seem to forget that Wall Street has been paying out these huge taxes from the bonuses for a long time. When something goes sour and they need a very small percentage of that back, everyone seems to cy about it. Does your overtime check get taxes 45%? My bonus check is my overtime check and that 45% goes to a lot of unneccessary things. Instead of raising taxes on everything under the sun, the budget needs to get looked at and make the appropriate cuts. When a company goes public, the goal is to maximize profit for the share holders. If you look deeply into your 401k, you are hoping for huge profits because they are reflected in your 401k.

Wages are wages and are all taxed the same. It sounds like you may be confusing withholding and actual tax due.

If you are actually getting taxed at 45%, then you're making over $375,000. Boo hoo.

Get out of here you dirty capitalist pig! How dare you suggest that the government taking large portions of your income discourages you! Do you not care about the poor??

"Bloomberg is worried the Democratic Congress may push for higher taxes on Wall Street salaries, which he says would drive business out of the city."

Where they hell are they going to go, Bloomie? NYC is the financial capital of the U.S. Going to London or Tokyo means higher taxes they're already are and can artfully avoid in the U.S.

this is the problem with corporate/goverment. its all about the profits. theres no moral component. they dont care about right and wrong, so long as the govt is getting its cut, theres no need to disurb things.

it reminds me of that scene from goodfellas. thats what a goverment with no morals is...a mafia.

The fact that it's all about the profits is the best part. It's the part that makes these companies want to succeed. The part that sucks is when they don't care about success because they know if they succeed, they keep the profits, and if they fail, the taxpayers pay for their loss. With the situation we have now it's win-win for them, and there isn't much in it for us except destruction.

problem is these guys already pay 50% of the taxes the state and city bring in... if even a relatively small percentage decide to leave to avoid the already punitive level of tax in NY, then we are in deep @#$. Hate the industry and the bailout if you will (and I do), but those bailouts directly helped NY probably more than anywhere else.

Maybe we should just fix the corporate tax structure so companies that net hundreds of billions of dollars a year pay more than 1-2 million in taxes to the government yearly.

I have zero sympathy for people making 7 figures who see their taxes go up 10%, but poorly structured personal income tax rates aren't really the big problem here.

Yes, the entire financial industry is going to up root and move to Jersey City. Good point.

EXACTLY! The argument that Wall Street will leave or be driven out of NYC is complete and UTTER b.s.

if we can't right the wrongs cause we're afriad of the consequences, then we deserve to fail.

all the sophistry in the world can't hide the fact that these high rollers produce nothing...there is no product...

the highest paid people in america arent the inventers, the scientists, the artists, the manually laborers, they're the gamblers who have subverted our goverment removed all regulation from the system and made a mockery of our democracy. Lets end the charade.

What everyone seems to be saying without saying it is "These Wall St fatcats who knowongly brought America's economy to the brink of collapse for no other reason than that they knew they would personally profit from it have rigged the system so as to avoid culpability or even regulation of future misdeeds... so let's not even bother, because that would only make them angry."

Remember, unfettered capitalism always leads to good things for everyone... except for when it doesn't, in which case, shut up, you Socialist...

If only we had unfettered Capitalism and not a government driven economy with Fed rates as low as they were.

All Wall Street does is ra*e the system.

shouldn't he be there asking for help on why St. Vincent's hospital is closing? or how to fix the new City TimeKeeping project?