blacktie magazine
Home
 
Translate
 
Celebrity Philanthropy News
 
Society News
 
Save the Date Directory
 
Features
Black Tie China
 
Black Tie France
 
Black Tie Israel
 
Black Tie Philippines
 
Black Tie
Global Sustainability News
 
Nightlife With
Rose Billings
 
The Season
 
Publisher
Gerard Mc Keon
 
Editor-in-Chief
Joyce Brooks
 
Follow us on 
Twitter   Facebook   Google+   Pinterest
 
 
 
Society News
 
New York Society
Palm Beach Society
International Society
Hampton Society
Las Vegas Society
West Coast Society
U.S. Society
 
Save The Date
Save the Date Directory
 
Listing Non-Profit Events
 
Philanthropy News
Featured Foundations
Philanthropy  Giving
 
Entrepreneurial & Philanthropy Awards
 
Featured
Event Resources
Event Resource Directory
Event Talent Directory
 
Black Tie
Recommended
Lifestyle Selection
Antiques
Art
Beauty
Cars
Couture Fashion
Crowdfunding
Fine Wines
Friends of Black Tie
 Health & Wellness
Impact Investment
Interior Design
Investigative Services
Jewelry
Kids on Location
Legal Services
Luxury Yachts
Pet Services
Private Air
 Real Estate
Recommended Reading
Restaurant Reviews
Single Friendly Events
Social Announcements
Sustainable Investment
Technology
Theater/Arts
Travel
Wealth Management
 
 
Share this Page
 
Promote Your Business or Foundation:
Advertising
Co-Hosting Events
 
Featured Foundations
Listing Non-Profit Events
 
Promote your Services
Feature your Talent
 
Friends of
Black Tie
Add your e-mail
for invitations to  our
exclusive
Friends of Black Tie Events

 
Friends of Black Tie
 
 
Black Tie Classic
Current Issue
Diana Issue
Jacqueline Kennedy
Back Issues
More Back Issues
Black Tie TV
Online Store 1
 
 
 

 

web
analytics
 


 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Black Tie Wealth Management  1 2

Black Tie International - Wealth Management
Mark Pappa

Mark Pappa

Mark Pappa

 

Mayor de Blasio
Should Tap Inequality Creators
 to
Help Battle His War on Poverty.
 
 

New York City Mayor William de Blasio has masterfully leveraged upon the growing concern of income inequality to win the mayoral election.He has officially declared war on on the rich with an income tax increase on city residents earning more than $500,000 per year.
I am not a fan of using the term war since there are too many casualties and the scars resulting from collateral damage can last forever. There are a more equitable and socially beneficial ways for Mayor de Blasio to address income inequality that deserves serious consideration. 

The War on Poverty

President Lyndon B. Johnson began The War on Poverty 50 years ago. In real terms, it’s cost taxpayers more than all US Wars combined.According to a recent report by the CATO Institute, $15 trillion has been spent to battle the war on poverty and it hasn’t worked. It’s clear the Government can't win this battle alone must embrace new ideas in order reduce poverty. 

Raising Taxes Is The Wrong Weapon

Mayor de Blasio's proposed new taxes will effect 40,000 city residents and is estimated to raise $532 million over 5 years to fund early childhood education programs. There’s nothing more politically powerful than providing less fortunate children with the hope of a quality education and the potential for upward mobility. Who would disagree?  Unfortunately, my experience in politics knows lawmakers usually include a legal back door to recharacterize those revenues to the general fund during tough budgetary times. There’s no guarantee appropriate funding for the early childhood education program is sustainable or if the new taxes will cover the tab.The New York City economy is highly correlated to Wall St. and when Wall St. sneezes everyone else gets the flu causing revenue shortfalls. Finally, a portion of those high earning city residents will turn up AWOL and migrate elsewhere.   

Tax the Rich, it’s their fault. 

I despise class war fare politics and I am a proponent of an America that understands we all have to work in unison to drive change.
There are millions of wealthy people in America who built their fortunes by working hard over many decades. Calling them greedy is both irresponsible and disappointing. Most are grateful for their success and they are eager to give back to create a better society for the next generation by setting up foundations, charitable trusts, through direct donations, or volunteerism. There is a new way to address social problems that combines free market economics with social responsibility called B-Corporations or Benefit Corporations.  

Secret Weapon-The Benefit Corporation

Legislation for New York Benefit Corporations was signed into law by Governor Cuomo in December, 2011.Benefit Corporations or B-Corps, are unique in the sense that they must use their profits for the common good to effectuate a social or environmental benefits.  Social goals are enacted within their corporate charters and the social impact is monitored and measured by management, the board of directors,and their auditors. 

Localized Marshall Plan 

De Blasio should engender the formation of Benefit Corporations by establishing social benefit enterprise zones in each borough.Benefit Corporations are vested in their community, create jobs, help distressed economies, and grow the city tax base in ways that relieve city hall
 from financial pressures.To go one step further, de Blasio could provide tax incentives for B Corporation clusters that earmark funds for early childhood education to cultivate more revenues over the long run and to help fund his plan. 

Please call a truce

In closing,No amount of government funding can create hope for the millions of underemployed or unemployed living in poverty. That idea is $15 trillion dollars in the red.Social change agents are eager to move forward but need the right incentives from local government.
When all the stakeholders including entrepreneurs, employees, the community, and parents work towards a goal, good things happen.For example, job growth within the Benefit Corporation structure is growing at an average of 5% per annum versus stagnant growth elsewhere.Benefit corporations can and should be part of the solution.Mayor de Blasio needs to be the General who leads this special force army of allied socially conscience entrepreneurs into battle against the axis of poverty and income inequality.

 
Mark Pappa is an account executive with Financial Resources, Inc.

 


 

 

To list in Wealth Management please contact:
 gerard@blacktiemagazine.com
www.blacktiemagazine.com

 


«  Back to wealth management



 




 

 

Featured Philanthropic Events
 & Sustainable Investment Opportunities
 

Follow us on
Black Tie Magazine TV
 

Search the Site

 

 

Help
Jeff Bezos
Spend
 $80,000,000,000
On Philanthropy


Details
Impact Investment

Black Tie China

howie rosen, ma qiaoqui, joyce brooks, gerard mc keon
 

Black Tie International Magazine
& Black Tie China,
Greenwich Financial Investment Forum
Ma Xiaoqiu,
Founder & President
of Ding Yifeng Group

 Presented with the
Prestigious
 Black Tie Magazine
Entrepreneurial
and Philan
t
hropic Award,

Details

Black Tie China


Black Tie Sustainable Investment

DF Aquaculture Capital

A Better Way
 to Produce Seafood

 

DF Aquaculture Capital
Limited

Details
Impact Investment

Black Tie Philippines

Gerard Mc Keon and Laica Herrera.  Photo by:  GMK/Blacktiemagazine.com

5th Annual Belgium
Cheese & Beer Night
at Manila Polo Club
Black Tie
Philippines



Details

Black Tie Philippines
 

 Celebrity Philanthropy News

Nicky Hilton Rothschild, fashion designer Naeem Khan and Laura Forese, M.D.Photo by:  Stuart Ramson/AP Images for NewYork-Presbyterian


Nicky Hilton
Rothschild
Naeem Khan
Laura Forese, M.D.


Annual
 Lying-In Luncheon
Raises $500K


Details

Celebrity Philanthropy News

 

2018 FACES Gala honorees Deborah and Bill Harlan with Deborah Devinsky and FACES founder and director of NYU Langone's Comprehensive Epilepsy Center, Dr. Orrin Devinsky. (NYU Langone)

NYU Langone 2018
FACES Gala
Raises $5.6 Million
For Epilepsy Research,

Details
Society News

 

Chazz Palminteri Photo by: Mike Pont/Getty Images


Chazz Palminteri


The Bronx
Childrens Museum
2nd Annual Gala
Raises $465,000
 


Details

Celebrity Philanthropy News

 

Musical Director &Conductor Steve Reineke, Honoree is Alan Menken,and Robert De Niro.  Photo by:  Rose Billings/Blacktiemagazine.com

 Steve Reineke
Alan Menken
Robert De Niro

The  New YorkPops
35th Birthday Gala


Details

Celebrity Philanthropy News

 

.  Photo by:  Rose Billings/Blacktiemagazine.com

Brian Grazer
 Veronica Smiley

Time 100
The Most
Influential People
 of 2018


Details

Celebrity Philanthropy News

 

Usher and Sharon Bush with Honoree Harry Belafonte.  Photo by:  Rose Billings/Blacktiemaagzine.com

Usher
Sharon Bush
 Harry Belafonte


RFK Human Rights
Ripple of Hope Awards


Details

Society News

 

Greg Schriefer and Honoree Clive Davis. Photo by:  Rose Billings/Blacktiemagazine.com

Clive Davis

Fifth Annual
Eight Over Eighty
Benefit Gala

 

Details

Celebrity Philanthropy News

 

His Eminence, Timothy Michael Cardinal Dolan, Archbishop of New York.   Photo by:  Julie Robinson

42nd Annual Inner-City Scholarship Fund
 Friends Gala
Raises Over $1 Million


Details

Society News

 

Marion Waxman, Anna Rhodes and Susan Gutfreund.  Photo by:  Joyce Brooks/Blacktiemagazine.com


The Samuel Waxman
Cancer Research Center
Ladies who Lunch
 for a Cure

Details

Celebrity Philanthropy News

 

Global CeylonTea Party

Permanent Mission
 of Sri Lanka
 to the United Nation
s

Global Ceylon Tea Party
in Celebration of the
150th Anniversary of
Ceylon Tea


Details

Society News

 

©Patrick McMullan Photo - Sean Zanni/PMC

Fresh Air Fund
Annual Spring Gala
Raises $1.7 Million


Details

Society News

 

Siena Rumbough, Gala Co-Chairs, Leah Rumbough, Stanley Rumbough and Ty Jones. Photo by: Rose Billings/Blacktiemaagzine.com

The New York City
 Mission Society
Annual
 Champions for Children
 Gala

Details

Society News

 

Taye Diggs presented the Spirit of Entertainment Award to Nancy O’Dell, co-anchor of Entertainment Tonight

Nancy O'Dell
Taye Diggs
Associates for Breast and  Prostrate Cancer Studies
Annual
Talk of the Town Gala
Beverley Hills, CA


Details

Celebrity Philanthropy News

 

Open Your Hearts Chair Jean Shafiroff, with Honorees Ralph S. Mosca, M.D. Photo by:  Rose Billings/Blacktiemagazine.com

21st Annual
Hamptons Heart Ball


Details
 

Society News

 

National Meningitis Association Rings
The Nasdaq Stock Market Closing Bell


Details
Society News

 

The Ocean Conference

Our oceans, our future: partnering for the implementation of
 Sustainable Development
 Goal 14

United Nations
NYC

Details
Society News

 

Charles Rangel, Representative for Districts New York and David N Dinkins,  106th Mayor of New York City.  Photo by:  Rose Billings/Blacktiemagazine.com

The Inner Circle
 96th
 Annual Charity Show
"Curb Your Narcissism"
 The New York
Hilton Midtown


Details
Society News

 

Peter Regna, Barbara Regna©Patrick McMullan/Photo - Aurora Rose/PMC

LOOT
Opening Night Benefit


Details

Society News

 

Catherina Farrell, John Farrell, Honoree and daughter Caitlin Farrell.  Photo by:  Rose Billings/Blacktiemagazine.com

New-York
 Historical Society
Annual Weekend
With History


Details
Society News

 

ecosoc 2017

ECOSOC   
“Partnerships for
promoting opportunities, increased prosperity and sustainable development
 for all”


Details
Society News

 
 

Kathryn and Leo Vecellio



 
The 62nd Annual
Palm Beach Heart Ball
Raises Over $1 Million




Details

Palm Beach Society

 

 Silvia Frieser (Co-Chair) (Executive Director) Michael Peenik (Co-Chair).  Photo by:  Rose Billings/Blacktiemagazine.com



 The 62nd
Viennese Opera Ball
 




Details

Society News

 

Lois Pope and Dr. Robin Ganzert. Photos by CAPEHART

LIFE's 23rd Annual
"Lady in Red" Gala
Raises More Than
 $1.2 Million

 

Details

Palm Beach Society

 

 Deborra-Lee Furness, Leadership Award Recipient and Cate Blanchett, Presenter.  Photo by:  Rose Billings/Blacktiemagazine.com

Deborra-Lee Furness
 Cate Blanchett

UN Women for Peace Association
Annual
Awards Luncheon

Details
Celebrity Philanthropy News

 

Andrew Solomon, Meryl Streep, Stephen Sondheim

Andrew Solomon
Meryl Streep
Stephen Sondheim


PEN America
Annual Literary Gala
Raises $2 Million


Details
Celebrity Philanthropy News

 

Bob Blasband and Dorothy Lichtenstein, President, Roy Lichtenstein Foundation and Stony Brook Foundation Board Trustee..  Photo by:  Rose Billings/Blacktiemaagzine.com


 

19th Annual
Stars of Stony Brook Gala
Raises Over $7.1 Million




Details

Society News

 

NEW YORK, NY - APRIL 20: (L-R) Fashion designer Issac Mizrahi, honoree Linda Lloyd Lambert and President and CEO of ASPCA, Matt Bershadker attend the ASPCA hosted 20th Annual Bergh Ball at The Plaza Hotel on April 20, 2017 in New York City. (Photo by Bryan Bedder/Getty Images for ASPCA)

 Issac Mizrahi
Linda Lloyd Lambert
  Matt Bershadker
ASPCA
20th Annual Bergh Ball
Raises   $1.5 Million

Details
Society News

 

Crown Prince Alexander, Joyce Brooks


Crown Prince Alexander
 Joyce Brooks



Details
 


Society News

 

Elizabeth Taylor and Kathy Ireland

Elizabeth Taylor
 Kathy Ireland


The Elizabeth Taylor
 AIDS Foundation
Celebrates
 Legendary Stars
 85th Birthday
Details

Celebrity Philanthropy News

 

Jude Demorest, Lee Daniels and Brittany O'Grady.  Photo by:  Vince Bucci

 Jude Demorest
 Lee Daniels
 Brittany O'Grady

Extraordinary Families
2nd Annual Awards Gala
Beverly Hills, CA

Details

Celebrity Philanthropy News
 

 

From left: Dr. Steven J. Corwin, president and CEO of NewYork-Presbyterian, Jessica M. Bibiliowicz, chairman of Weill Cornell Medicine's Board of Overseers, Frank A. Bennack, Jr., chairman of NewYork-Presbyterian's Board of Trustees, and Dr. Augustine M.K. Choi, interim dean of Weill Cornell Medicine, during the annual Cabaret benefit dinner on Nov. 9 at Pier Sixty, Chelsea Piers. The event raised $3.5 million to support the institutions' ongoing work in patient care, biomedical research and medical education..  Photo by:  Studio Brooke

NewYork-Presbyterian
 Weill Cornell Medicine
Annual Cabaret Benefit
 Dinner
Raises $3,5 Million

Details

Society News

 

T. Denny Sanford

T. Denny Sanford
 $100 million Gift
Launches
Sanford Stem Cell
Clinical Center


Details

Society News
 

 

Nancy Grand, Stephen Grand

Nancy &Stephen Grand
commit $50 million
to the
Weizmann Institute
of Science


Details

Society News
 

 

Marc Anthony, Carlos Slim, Petra Nemcova

Marc Anthony
Carlos Slim
Petra Nemcova

Happy
 Hearts Fund
Gala

Details

 Celebrity Philanthropy News

 

Israel's 65th birthday

Israel's
65th
 Anniversary
 $1,216,124,000.00
Birthday gift

Details

Philanthropy Giving
Donate.bz
 

 

Black Tie International Realty

amayan beach, palawan, philippines

 Amayan, Beach,
 Palawan,
 Philippines

348 acres
$5.25 million

Details
International Realty

 

Philanthropy Giving

 
2017 US Charitable Giving
Sets New Record $477.55 Billion

Details

 

Global Sustainability News

 

Cortés Desalination and Tidal Electric Generation Project

 Cortés
Desalination
and Tidal Electric
 Generation Project


Details
Impact Investments

 

sustainable development goals

United Nations 
17
  Sustainable Development Goals (SDG's)

 

Event Resources Directory
 

gerard mc keon, Event Resourcess

Everything you need
to run a
World Class Event

Promote your Services

Event Resource Directory

 

 

Follow us on   Twitter       Facebook

 


 

 
 
 
 
 
 
 
 
 
 

Copyright 2006 Black Tie Magazine. All Rights Reserved .

Privacy Policy |