American Elephants


NY Gov. Cuomo Has a Deficit, It’s Trump’s Fault! by The Elephant's Child

Whatever it is, it is Trump’s fault. I do keep mentioning that Democrats don’t seem to understand basic economics. Now New York Governor Andrew Cuomo (D) is blaming President Trump for his state’s $2.3 billion shortfall. Governor Cuomo says it was Trump’s tax cut that caused “many of the state’s richest residents to either change their primary residence or leave New York entirely.”

Before Trump reformed the tax code, all Americans were subsidizing the rich.

In the state of New York, if you earn over $1,078 million per year, you pay an income tax to the state of almost nine percent.

In other words, using round numbers, a New York resident who earns $10 million owes the state of New York close to $900,000 in income taxes. But…

Democrat-run states like New York knew that their rich residents would not feel the sting of that $900,000 tax bill because that $900,000 could be written off of their federal tax bill.

Basically, this was a sleazy way for Blue States to steal money from federal taxpayers, to make all of us pay for their grotesque tax rates. These Democrat-run states not only got all of this tax money, they also avoided getting voted out of office for over-taxing because the federal write-off removed most of the sting for the wealthy taxpayer.

It seems that in 2017, Cuomo had a $4.4 billion deficit. How did Trump create that? Hint: cutting taxes means that everyone has more money to create, invent, grow, and invest, so the economy booms and that, in turn increases tax revenue, because more people are working and wages are going up. Too complicated for the leftist mind.



In 1825, The Erie Canal Opened, made New York the Chief Atlantic Port. by The Elephant's Child
October 31, 2017, 6:27 am
Filed under: Domestic Policy, Economy, History, The United States | Tags: ,

The period from 1817 to 1844 has been referred to as the Canal Era, in which some 4,000 miles of canals were constructed at a cost of $200 million. The earliest and best were built by private businesses such as the Middlesex Canal in Massachusetts and the Santee and Cooper in South Carolina.

The Erie Canal was the most famous—its completion so anticipated that it collected an advance $1 million in tolls. It was 40′ wide, 4′ deep and 363 miles long, all bordered with towpaths, 86 locks to raise and lower boats 565′.

New York State, The Improved Canal System — from: The Canal System of New York State / Charles L. Cadle — Re-issued and revised (Albany : J.B. Lyon Co., printers, 1921)

The painting at the top is by George Harvey Pitsford, 1837
Courtesy of the Memorial Art Museum University of Rochester

And There Were Songs

.Oh the Er-i-e is a-rising………………….I’ve got a mule,and her name is Sal
.And the gin is a-getting low………………Fifteen miles on the Erie Canal
.I scarcely think……………………..;;;;…..She’s a good old worker,
.We’ll get a drink……………………….,….And a good old Pal
Till we get to Buffalo……………………….Fifteen miles on the Erie Canal
Till We get to Buffalo………………………We hauled some barges in our day
………………………………………………Filled with lumber, coal and hay
………………………………………………And we know ev’ry inch of the way
………………………………………………From Albany to Buffalo

………………………………………………Low bridge! Ev’rybody down!
………………………………………………Low bridge, we’re coming to a town
………………………………………………And you’ll always know your neighbor
………………………………………………You’ll always know your pal
………………………………………………If you’ve ever navigated on the Erie Canal

 




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