Bringing Budget Justice Back To New York.

Over the past decade, NY’s population of millionaires grew 72%, and NY’s billionaires have a combined wealth greater than 300% of our entire NYState budget! Yet, $4billion in court ordered funding for our children’s schools remains unpaid; more than 92 thousand NYers are homeless; thousands suffer and die as our health care system operates for profits and the opioid crisis explodes; and basic services decline as state budget cuts force increases in local property and school taxes.

We can do better! Budget Justice means taxing the very richest New Yorkers and investing to make New York a better place for all of us.  Here’s how:

• Second homes valued over $5M 

• Annual income over $5M 

• Carried interest (so hedge funders will pay appropriate income taxes)

• Stock transactions (already taxed but rebated)

If we tax the very wealthiest among us more fairly, in proportion to their wealth, more than $40 Billion annual additional revenue could address our most pressing social and economic issues, create jobs, and make NY a better, fairer place for all of us. And these increases would fall upon only big corporations and the uber-rich, who can well afford to pay their fair share.