There's a lot of talk about how the rich will flee if we end preferential tax treatment for accrued wealth, super high incomes and record corporate profits.
This is wrong, on the facts and its moral vision. It's working class folks who get forced out the city, not the wealthy.
This is wrong, on the facts and its moral vision. It's working class folks who get forced out the city, not the wealthy.
There are exhaustive studies on this. Federal tax returns reveal that only 2.4% of US-based millionaires change their state of residence in any given year.
The poor, meanwhile, are nearly twice as likely to move to a new state than the rich.
sup.org/books/title/?i…
The poor, meanwhile, are nearly twice as likely to move to a new state than the rich.
sup.org/books/title/?i…
New York has lost a million jobs, half of them in NYC. These losses have been concentrated in low-wage sectors and communities of color.
And if we don't close the budget gap, there will be tens of thousands of public sector layoffs. These are the folks who will leave.
And if we don't close the budget gap, there will be tens of thousands of public sector layoffs. These are the folks who will leave.
How do we make New York more livable for working people?
By investing in public infrastructure, in schools, healthcare and mass transit, providing real relief for excluded workers and debt-burdened renters.
By investing in public infrastructure, in schools, healthcare and mass transit, providing real relief for excluded workers and debt-burdened renters.
And we can only do that if we recapture some of the hoarded wealth that's accrued at the very top.
Remember, the top 5% have had a *fabulous* year economically.
Meanwhile, New York is the most unequal state in the country.
That is the crisis. #InvestInOurNY #TaxTheRich
Remember, the top 5% have had a *fabulous* year economically.
Meanwhile, New York is the most unequal state in the country.
That is the crisis. #InvestInOurNY #TaxTheRich
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