As you may have heard, after occupying downtown Manhattan for the last 25 days, those protesting Wall Street (etc) announced that they’d be making a trip up North, with stops at the Upper East Side homes of, among others, Jamie Dimon and John Paulson. Before they made an appearance at the Paulson and Co founder’s house, JP issued the following statement/suggestion:

“The top 1% of New Yorkers pay over 40% of all income taxes, providing huge benefits to everyone in our city and state. Paulson & Co. and its employees have paid hundreds of millions of dollars in New York City and New York State taxes in recent years and have created over 100 high paying jobs in New York City since its formation. New York currently has the highest income taxes of any state in the country and thousands of businesses have fled New York to states with no income taxes such as Florida, Texas and Nevada, or moved offshore.

Instead of vilifying our most successful businesses, we should be supporting them and encouraging them to remain in New York City and continue to grow.”

Apparently organizers of the march were not swayed and after choosing not to take the advice, made their planned stop at Paulson’s townhouse, where they left him a (slightly mixed) message of their own.


[JustinElliot via BI]

Sure, it could be sarcasm but maybe it’s a dare? In which case, you picked the wrong guy to take a risk on cashing that thing.

John Paulson Has A Message For The Protestors [BI]

45 comments (hidden for your protection)
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Comments (45)

  1. Posted by Spanishmoon | October 11, 2011 at 4:34 PM

    At least it wasn't another redemption notice………..

  2. Posted by Mexi_Cant | October 11, 2011 at 4:37 PM

    Didn't these idiots read my post in the opening bell? He's getting a tax refund this year!

  3. Posted by Guest | October 11, 2011 at 4:47 PM

    No stop at the Soros house? Or is he still a foreign citizen and therefore not technically part of "the [presumably American] one percent"?

  4. Posted by Nailz6 | October 11, 2011 at 4:50 PM

    You think B of A will take this? I didn't make payroll in September.

    - J. Paulson

  5. Posted by J. Paulson | October 11, 2011 at 5:05 PM

    In an interesting twist I've decided to run my funds into the ground to avoid paying taxes and to prove my point: You will miss the tax money you ungrateful bastards.
    No Really, I'm doing it on purpose.

  6. Posted by Just trying to help | October 11, 2011 at 5:09 PM

    They are doing it wrong!

    May I suggest better candidates for a home visit:
    Chuck Prince
    Stan O'Neal
    Franklin Raines
    Dick Fuld
    Angelo Mozilo
    Mom and Pop at Golden West
    Joe Cassano
    Feel free to add more names as home visit candidates for the OWS team.

  7. Posted by J. Paulson, Too | October 11, 2011 at 5:11 PM

    And you know, I am no closer to China if I sit in Florida, so I can lose money on Chinese frauds just as effectively from there, you hippies!

  8. Posted by Dr_Rosenrose | October 11, 2011 at 5:12 PM

    I respect the fact that as a hedge fund manager, there was never a dime of government money sent his way. I really respect the balls it takes to call -47% YTD "most successful".

  9. Posted by Guisticide | October 11, 2011 at 5:13 PM

    Who is John Paulson Galt?

  10. Posted by Alt_EST | October 11, 2011 at 5:32 PM

    Jimmy Cayne, obvs

  11. Posted by Guest | October 11, 2011 at 5:34 PM

    Barry Soetoro

  12. Posted by PermaGuestII | October 11, 2011 at 5:35 PM

    James E. Cayne
    Sam Molinaro

  13. Posted by Just trying to help | October 11, 2011 at 5:36 PM

    That's a double! Restock on the cheebs and protest Jimmy's actions.

  14. Posted by Fuck Wall Street | October 11, 2011 at 5:37 PM

    I'm sick and tired of these cocksuckers and their empty threats. I wish Washington would just freeze their assets and set the IRS on their asses to hound them into early graves. Remember scumbags the government has forever.

  15. Posted by NowOnePerson | October 11, 2011 at 5:44 PM

    Really? Empty threat? Are you actually going to stay until "Wall Street crumbles"? That's not an empty threat?

  16. Posted by Guest | October 11, 2011 at 5:45 PM

    The government does not own time

    -AIG Quant

  17. Posted by Guest | October 11, 2011 at 5:49 PM

    I would think that someone who has spent the past month just sitting on a sidewalk "protesting" wouldn't be calling other people's threats (that were never made) empty.

  18. Posted by early_hominid | October 11, 2011 at 5:49 PM

    "I fart in your general direction, you tiny-brained wipers of other people's bottoms. Now go away before I taunt you a second time."

    – That little devil on John's shoulder.

  19. Posted by early_hominid | October 11, 2011 at 5:53 PM

    Better to freeze their asses and set the IRS on their assets, no?

  20. Posted by Captain Oblivious | October 11, 2011 at 5:55 PM

    Please make sure you put your cool "Occupy Wall Street" condom on before doing so, we dont want that sh*t you've picked up in the park spreading any further.

  21. Posted by Guest | October 11, 2011 at 6:03 PM

    Head over to Daily Kos then kill yourself

  22. Posted by Ragnar | October 11, 2011 at 6:15 PM

    The man who said he would move all his money offshore, and did?

  23. Posted by Advantage plus l.p. | October 11, 2011 at 6:24 PM

    Torch that fuckin place.

  24. Posted by jcocktosen | October 11, 2011 at 6:30 PM

    This is why he bought a unit in Olympic tower…

  25. Posted by Not Impressed | October 11, 2011 at 6:37 PM

    I say Paulson try to have the check deposited, and then get the protesters arrested for check fraud.

  26. Posted by PermaGuestII | October 11, 2011 at 6:41 PM

    So, basically, what you want is Fascism.

    Well I guess Mussolini did make the trains run on time.

  27. Posted by PermaGuestII | October 11, 2011 at 6:42 PM

    Your eloquence is overwhelming.

  28. Posted by DingALing | October 11, 2011 at 9:47 PM

    The same government that gave us your tax money? I'm pretty sure they don't care about you either. If you would change your fucking attitude, I might actually be willing to pull some strings and get you into our mail room…

  29. Posted by Guest Schwed | October 11, 2011 at 10:52 PM

    Where are the customers' capital gains taxes?

  30. Posted by Fuck Wall Street | October 12, 2011 at 8:21 AM

    Ask John Gotti, dickwad.

  31. Posted by Golden Boy | October 12, 2011 at 8:27 AM

    Fucking Paulson!!!!!!!!!

    -Harvey Keitel

  32. Posted by JPaulson | October 12, 2011 at 8:59 AM

    Qu'ils mangent de la Brioche!

  33. Posted by Guest | October 12, 2011 at 10:11 AM

    I think they used Kinko's to do this. Isn't that big business?

  34. Posted by El Guesto | October 12, 2011 at 10:33 AM

    Get a job, dickwad.

    Wait – first get a shower, then get a job. The order of things is important here.

  35. Posted by Fuck Wall Street | October 12, 2011 at 10:55 AM

    Fuck your madre, dickwad.

  36. Posted by Fuck Wall Street | October 12, 2011 at 11:00 AM

    Best part of you ran down your mother's leg.

  37. Posted by Fuck Wall Street | October 12, 2011 at 11:03 AM

    Nah, cold weather's coming. But some bright people are attracted to the cause and sooner or later we'll figure out how to rid the system of you bloodsucking cunts. It's coming.

  38. Posted by Guest | October 12, 2011 at 11:26 AM

    Which apartment?

  39. Posted by Concerned | October 12, 2011 at 11:57 AM

    I'd be pissed if I looked like this too. Take it easy on the poor kid guys and let him get back to protesting and his World of Warcraft tournaments.
    http://dealbreaker.com/2011/09/portrait-of-a-wall

  40. Posted by Sgt. Oddball | October 12, 2011 at 12:03 PM

    What's with all the negative waves, man?

  41. Posted by Guy with A.D.D. | October 12, 2011 at 4:27 PM

    That's a long distance phone call OWS protesters cant afford, however stick around in that park long enough and you'll come down with something that will put you in touch with him personally.

    Enjoy

  42. Posted by FuckWallStreet'sMom | October 12, 2011 at 10:01 PM

    chinga tu madre pendejo

  43. Posted by Wall St.=Pussyville | October 13, 2011 at 7:37 AM

    Mame mis huevos vato.

  44. Posted by Wall St.=Pussyville | October 13, 2011 at 12:38 PM

    Pull on this pole smoker

  45. Posted by DavidSLesperance | March 19, 2013 at 8:17 AM

    It is now reported that John Paulson has said that he is not planning to change his tax residence to PR, but it is worth looking at the ramifications if someone like him did actually move.

    Whether you think it fair or not, a natural outcome of a "progressive" (i.e. accelerated) tax system is that the top 1% of tax payers contribute over a third of all tax revenues collected. This means that there is a tremendous overdependence on a small number of people for a HUGE portion of tax revenues. Therefore it is worth looking more closely at this group of "Golden Geese".

    Contrary to Occupy Wall Street rhetoric, this group is hardly homogeneous. Remember that both Michael Moore and the head of Goldman Sachs are not only in the top 1% but most certainly part of the top 0.1%. They are certainly not alike in political outlook, attitude towards taxation or methods of accumulating wealth. About the only real common factor is that as a result of globalization, the Golden Geese are no longer bound to the tax home of their birth to make and maintain their wealth. In business terms, the Golden Geese are not "sticky".

    Combine overdependence with lack of stickiness and you have a recipe for financial disaster. To put this in better perspective, it is worth noting that the top 400 taxpayers in the US in 2008 (the last year I have done the calculations) contributed 1.9% of ALL OF THE US TAX REVENUE COLLECTED. In 2007, it was 2.05%. Assuming that with increased concentrations of wealth that this number is stable (probably increasing), this means that if even 1/4 of these taxpayers (Note: Paulson is certainly one of them) leave the US tax system, this will have a drop of 0.5% in all future US tax revenues. This would make the sequester cuts look like a rounding error.

    Is this group leaving? Unfortunately the measuring methods are retrospective and so you don't know they are gone, until long after their departure. However, given that Paulson was supposed to be the 11th (not the first) US taxpayer to move to PR AND that US expatriations (where the taxpayer leaves the US system completely) have been increasing dramatically and expodentially in the last few years, one would be foolish to ignore this trend.