New York is facing a $14.5 billion budget gap this fiscal year, federal relief dollars don’t appear to be forthcoming, and schools and local governments are facing deep budget cuts. The coronavirus pandemic – and the financial nightmare it created – prompted some progressive lawmakers and activists to double down on a question that New York has been weighing for years: Should we increase taxes on the state’s wealthiest residents?

Continue reading >> How New York could raise taxes on the rich | CSNY

For those advocating around public institutions like public housing, “tax the rich” is not a new request. This article highlights a number of inroad that can be pursued to create cash flows to truly repair and modernize public housing for generations to come.

Continue reading to learn more about:

• Raising income taxes on millionaires
• Pied-à-terre tax
• Wealth tax
• Stock buyback surcharge
• Stock transfer tax
• Corporate landlord tax

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Posted on: September 20, 2020