“Tax the Rich,” some elected officials and NYC activists are calling for racial and economic justice. Too many New Yorkers say they face the dilemma of paying for food, rent, childcare, or medicine, or being forced to relocate from the city.
With New York City facing a $5 billion deficit, Mayor Zohran Mamdani, in agreement with fellow Democratic Socialists of America elected officials, has asked the state to increase taxes by 2% on New Yorkers earning over $1 million annually.
Mamdani has also proposed a possible property tax hike…