my neighbors. I happen not to work for one of the impacted institutions, but many in my suburban town do. Compensation in the financials industry is high, and in a small number of cases ridiculously so. But cost of living in financial centers like NY and SF is high as well. Living on $250K there with the high property and state tax rates along with higher costs in general is not difficult, but it is not a lavish life. Kids go to public school, the family gets a vacation a year and the car is maybe replaced every 5 years. Now take that individual who may have earned $250K last year and had 1/3 of that be "bonus". Under this 9)% tax, that person's financial situation has just gone from being manageable to bankrupting. If they have saved some money (for retirement, college, etc.) they should be able to make it through a few years by destroying their savings. If not, they will lose their homes which will worsen the real estate market and erode the tax base of the state as they are forced to relocate elsewhere. I see this happening many times in my normal town should this legislation pass.
Governor Patterson just sealed his own fate. He will be defeated by Andrew Cuomo in the primary, and Cuomo will go on to be governor. Cuomo has a popular bully pulpit (anti-Wall Street) to run on. Patterson gets to run a state mired in financial crisis of Wall Street's making.
I give Patterson credit for sticking with principles, but I think it will blow up in his face. Too bad if true, as I like him.
On the other hand, I think that Hillenbrand will survive the primary process and might not even get a challenger. She will be able to pile up popular votes in the dem-controlled Congress and point to accomplishments. She will tack to the left just enough to be a successful, long-serving Senator for the next 25 years (and a constant source of Progressive angst).
and get some objectivity. I think that I made it clear from my post that there were difficulties to reachign a solution because of actions taken by both sides.
I will take the examples from Palenstinian textbooks as facts until proven otherwise. But that is but one example of the behaviors on both sides that contribute to a very difficult problem.
For me, any hateful directive that includes phrases like "The Jews" or "The Arabs" or "The Muslims" and endorsed (and even not condemned) by leaders is a greater barrier to understanding and peace than any wall can be.