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Tue Mar 22, 2016, 04:10 PM

Millionaires: Raise our taxes to address poverty, fix roads

ALBANY, N.Y. (AP) More than 40 millionaires, including members of the Rockefeller and Disney families, are asking to have their taxes raised to help address poverty and rebuild failing infrastructure.

The millionaires wrote a letter to Democratic Gov. Andrew Cuomo and top New York lawmakers proposing new, higher tax rates for the top 1 percent of earners in the state. The letter, a copy of which was given to The Associated Press, says additional revenue is needed to address child poverty, homelessness and aging bridges, tunnels, water pipes and roads.

"As New Yorkers who have contributed to and benefited from the economic vibrancy of our state, we have both the ability and the responsibility to pay our fair share," the letter states. "We can well afford to pay our current taxes, and we can afford to pay even more."

Those signing the letter include Abigail Disney, Leo Hindery and Steven C. Rockefeller. The tax plan, known as the one-percent tax plan, was worked out in conjunction with the Fiscal Policy Institute, a left-leaning economic think tank.


http://bigstory.ap.org/article/d729bf30ba244428b14edec366f90578/ny-millionaires-write-governor-favor-higher-taxes

I heard one of these guys interviewed last night - a very fiery guy!

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Reply Millionaires: Raise our taxes to address poverty, fix roads (Original post)
lagomorph777 Mar 2016 OP
pampango Mar 2016 #1
Xolodno Mar 2016 #2

Response to lagomorph777 (Original post)

Tue Mar 22, 2016, 04:44 PM

1. There are some good 1%ers out there. Not enough but some. Hope we listen

to these.

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Response to lagomorph777 (Original post)

Tue Mar 22, 2016, 06:24 PM

2. There smart.

The open secret for continued economic development is a viable and functioning infrastructure.

Its some of the first things economists who are hired by developing nations say.

Develop a good transportation system to ensure your workforce and supplies can get to you. Which then ensures your product gets distributed to your customers and potential new customers.

Have decent hospitals and health care so you have a viable pool of workers and are healthy enough to stay on the job. Training new workers costs a lot more money and you lose the associated expertise when problems arise.

Public utilities, nuff said.

Etc.

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