SITU Studio Art Project Shows the Gulf of Inequity in New York Property Tax Assessments. New York City calculates property taxes for condos and co-ops using a byzantine formula mandated by the state.
Which is all well and good, except that the formula underestimates the value of New York’s most valuable properties—some of the most valuable residences on Earth—meaning that the billionaires who own them pay a fraction of the property taxes that other New Yorkers pay. Billionaires don’t pay property taxes in New York. While the property levy is New York City’s biggest source of revenue, it’s also inherently inefficient, assigning higher real property taxes to apartment-renters than to the universally maligned absentee foreign owners living in sky-gems along Billionaires’ Row. The state’s formula deprives New York of millions in revenue each year; it calls into question why former New York Mayor Michael Bloomberg was so eager to see billionaires move to New York in the first place if they weren’t ever going to be charged a dime in property (or income) taxes. Max Keiser: 'Barack Obama is clueless. Mitt Romney will bankrupt the country' - Americas - World.
"Because in the age of Robin Hood," Keiser says, "at least the process of theft was transparent.
The barons came to your house. They whacked you over the head then they took all your money. " Even if the poor didn't exactly empathise with their oppressors, Keiser adds, they could at least comprehend their methods. "And the serfs," he continues, "did enjoy a modicum of stability. They got something in return for their enslavement. What better time, you might ask, to have the opportunity to vote in a presidential election? "Barack Obama," he maintains, "has been a huge disappointment. You may never have heard the name Max Keiser, even though, once he begins to broadcast across China in the New Year, he will have confirmed his status as the most widely watched news commentator on the planet. His most popular outlet is The Keiser Report, on Russia Today (RT), and its international viewing figures, as Keiser (not a man plagued by self-doubt) isn't slow to point out, are huge.
"Some might. Economic News – Employment, Economic Confidence, Job Creation, Consumer Spending. The four business gangs that run the US. Illustration: Michael Mucci.
IF YOU'VE ever suspected politics is increasingly being run in the interests of big business, I have news: Jeffrey Sachs, a highly respected economist from Columbia University, agrees with you - at least in respect of the United States. In his book, The Price of Civilisation, he says the US economy is caught in a feedback loop. ''Corporate wealth translates into political power through campaign financing, corporate lobbying and the revolving door of jobs between government and industry; and political power translates into further wealth through tax cuts, deregulation and sweetheart contracts between government and industry.
Wealth begets power, and power begets wealth,'' he says. Sachs says four key sectors of US business exemplify this feedback loop and the takeover of political power in America by the ''corporatocracy''. First is the well-known military-industrial complex. Advertisement. The statisticians at Fox News use classic and novel graphical techniques to lead with data. Depending on where you land in the political spectrum you may either love or despise Fox News.
But regardless of your political affiliation, you have to recognize that their statisticians are well-trained in the art of using graphics to persuade folks of a particular viewpoint. I'm not the first to recognize that the graphics department uses some clever tricks to make certain points. But when flipping through the graphs I thought it was interesting to highlight some of the techniques they use to persuade. Some are clearly classics from the literature, but some are (as far as I can tell) newly developed graphical "persuasion" techniques. Truncating the y-axis (via) and (via) This is a pretty common technique for leading the question in statistical graphics, as discussed here and elsewhere. Numbers that don't add up (via) or to suggest that multiple options are all equally likely, but also supported by large percentages: