Reposted by Lena Bilik
Two-thirds of real income growth in NYC has gone to the top 1% since 2019.
In @nydailynews.com, Noa Rosinplotz shows why policymakers shouldn’t fear taxing the rich.
“Instead, they should focus on raising the tax revenue we need to invest in affordability for everyone else.”
nydailynews.com
NYC doesn’t need to fear taxing the rich
While some New Yorkers see their fortunes rise, most aren’t getting a cut, as the cost of food, rent, and other necessities climbs faster than their salaries can keep up. City Comptroller Mark Levine ...