This statement and the article title are disingenuous. Mamdani wants to avoid increasing property taxes and drawing down city reserves to balance the budget here.
New York City is legally required to balance its budget. This is the reality of that.
If a rich person own a building where they are renting units to the average joe making the median wage, they pass the cost of that tax increase down to the renters; which makes it a regressive tax in a round about way.
You can use that circular logic for all taxes. If a CEO pays more taxes they are just going to make up for it by raising prices or cutting employee wages
I think we should tax the fuck out of them. But they won’t stop trying to squeeze us was the point I guess I was really trying to make. It’s going to take more than taxes to fix this. I legit believe these fucking billionaires are mentally ill; like they have a hoarding illness, but instead of hoarding old newspapers and random shit, they hoard money. They need to be locked up and made to take some therapy that teaches them some fucking empathy.
This statement and the article title are disingenuous. Mamdani wants to avoid increasing property taxes and drawing down city reserves to balance the budget here.
New York City is legally required to balance its budget. This is the reality of that.
And this will also still affect more wealthy than not as it’s not poor people that own multiple properties, or even one property.
Ideally I guess you could apply this kind of thing to anything that isn’t the primary residence or base it on size.
But I don’t profess to know the ins and outs of property management in general let alone in New York.
If a rich person own a building where they are renting units to the average joe making the median wage, they pass the cost of that tax increase down to the renters; which makes it a regressive tax in a round about way.
You can use that circular logic for all taxes. If a CEO pays more taxes they are just going to make up for it by raising prices or cutting employee wages
I think we should tax the fuck out of them. But they won’t stop trying to squeeze us was the point I guess I was really trying to make. It’s going to take more than taxes to fix this. I legit believe these fucking billionaires are mentally ill; like they have a hoarding illness, but instead of hoarding old newspapers and random shit, they hoard money. They need to be locked up and made to take some therapy that teaches them some fucking empathy.
Freeze rent prices then
This right here!