Liberal millionaires begging New York to raise taxes



Liberal millionaires are begging New York State to raise their taxes. Or at least, so it would seem.

In a letter addressed to Gov. Andrew Cuomo (D) and state legislators, the group — working in conjunction with the left-leaning Fiscal Policy Instituteand Responsible Wealth project — called for a permanent tax on the wealthy to replace a temporary one, with the revenue raised going to investments in poverty programs and infrastructure.

We have had poverty programs for 50 years and they are well named, because they successfully keep people in poverty. As for "infrastructure", what about money for the private sector, for businesses and investment. Don't they need money for "infrastructure" too?

“In the spirit of shared sacrifice, we, the undersigned, call for a balanced solution that includes maintaining, expanding, and making permanent the top marginal income tax rates for upper-income New Yorkers like us who can afford to pay more,” the millionaires wrote in the letter, which was sent to lawmakers in Albany on Monday.

Oh, they are so noble!

The signatories include some familiar names — Steven C. Rockefeller, Abigail Disney and leveraged buyout trailblazer Lewis Cullman. The group threw its support behind the Fiscal Policy Institute’s “1% Plan for New York Tax Fairness,” which calls for tax rates of 7.65 percent to 9.99 percent for a number of brackets starting at $665,000 — the income threshold for the top percent of New Yorkers, a group to which each signatory belongs.

“We need to invest in pathways out of poverty and up the economic ladder for all of our fellow citizens,

Doesn't the private sector need that money to create jobs for the "economic ladder"?

including strong public education from pre-K to college,” they write.

More money for the teachers unions will surely help, as it has in the past, right?

“And, we need to invest in the fragile bridges, tunnels, waterlines, public buildings, and roads that we all depend on.”

Our public buildings are fragile. What about private businesses struggling to keep up with Obamacare mandates, taxes, EPA regulations, and more? Aren't they fragile too?

These leftist aren't being noble. They know their army of accountants and lawyers can devise methods to get around any tax increase. They just want other people's taxes increased. If they really wanted to pay more taxes themselves, they could, right now, without any rate change. The only reason to change the law is to force others to pay what they don't want to pay.



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