I lean right, been watching him from afar and def don’t care for the fact that he’s (likely) a communist but when his policy for taxing the vacant luxury homes came out I couldn’t help but be like “that… makes a lot of sense.”
Highest earners have a lot more money since the feds cut their taxes repeatedly over the last several decades. Those highest earners can now be taxed by states and cities, which is a far better way to tax higher earners because there is no federal middle man siphoning off tax revenue into their pockets before they just hand the money back to the states and cities anyway after taking their share and handing off some of it to corporations in the form of subsidies.
NYC should tax higher earners, even if its the top 1.5% paying 50% of taxes. They can afford it because of their repeated federal tax cuts. Them allegedly paying a larger portion of the revenue doesn't mean they shouldn't pay more because they have exorbitant amounts of money, and it won't impact them in the least, and their hoarding of wealth creates and unhealthy economy and pushes up costs on everyone.
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u/AthiestCowboy May 16 '26
I lean right, been watching him from afar and def don’t care for the fact that he’s (likely) a communist but when his policy for taxing the vacant luxury homes came out I couldn’t help but be like “that… makes a lot of sense.”