NYC Mayor Ingenuously Proposes Taxing Rich To Fix Subway System
New York City’s mayor, Bill de Blasio, is expected to announce on Monday a tax on the wealthiest residents in the city to pay for much-needed improvements for the city’s deteriorating subway system, according to multiple reports. And unless you’re a millionaire who thrives on the misery of the poor or whose life would be debilitated from—maybe!—having one less extreme fine dining experience per month, this is good.
The new tax would raise an estimated $700 million to $800 million annually, according to The New York Times, with $500 million allocated for capital costs and $250 million for a program to reduce the cost of a subway pass in half for low-income riders.
Imagine you’re a billionaire, and you pay a little extra per year to benefit someone who lives in the same city as you, a billionaire, but doesn’t happen to earn a billion dollars per year. Is this a situation you could emotionally handle? Or do you revel in the image of someone crying on the platform of a 7 train, somewhere out past Astoria, crying because they’re going to be late for work, again, and potentially lose their job? Are you happy?