I ask readers to urge their State representatives to support ‘Invest in Our New York’ (www.InvestinOurNY.org), a package of six bills that will tax the ultra-rich and bring in $50-$70 billion to the state general fund. These taxes will not affect the middle class, small investors, employee pensions, or family farms. (It is a myth that billionaires would leave over a 10% or less tax increase. NYC is an investment capital of the world, and New Jersey and California already tax the wealthy more than New York with no ‘exodus’.)
Working-class New Yorkers have struggled for decades, while the ultra-wealthy have seen tax cuts, now paying the same percentage of their income as the lower and middle class. From March – June of 2020, the richest New Yorkers saw their wealth grow by $77 Billion. During that same time, millions of New Yorkers have had to close small businesses, lose jobs and health insurance, face possible eviction, and overwhelm the food pantries.
There is a SOLUTION. PASS Invest In Our New York by March 31! Fully fund our public schools, health care (such as MOVAC), infrastructure like broadband and road improvements, and stop the drain on the middle class!
Elizabeth W. Briggs
Mohawk, New York