This week, we asked readers for their opinion on the ‘Tax the Rich‘ campaign that would increase the taxes of millionaires and wealthy corporations, using the revenue earned from such taxes to restore funding cuts to healthcare and public services, as well as free childcare.
As reported, New York City Mayor Zohran Mamdani had already outlined two paths to closing the current City Budget gap during a press conference held in mid-February: tax the rich or have the middle class foot the bill. At a subsequent “Tax the Rich” rally held March 29 at Bedford Park’s Lehman College, Independent U.S. Sen. Bernie Sanders of Vermont highlighted the importance of raising taxes on the rich, standing up to U.S. President Donald Trump’s economic and political agenda, and decried the disparity of wealth distribution in America.
“Progressive taxation is a norm, and a moral imperative in every liberal democracy, but it has been whittled away by Republican presidents for more than 40 years, while the inequality in wealth [distribution] has risen dramatically. We need to go in the other direction and make the [top earning] ‘1%’ pay for social programs, housing, infrastructure, and other things that allow the rest of us to live in an affordable and just society. Actually, taxing them is not enough; it still allows them to accumulate extreme wealth and control our political system. We need absolute limits on wealth and on the use of it to manipulate elections and policies.”…