Socialist Communist Democratic New York City mayor Bill De Blasio announced a unique and innovative plan to fix the city’s ailing mass transit system: tax the rich!
De Blasio on Sunday unveiled an election-year pitch to raise $800 million a year for mass transit by soaking the rich with a nearly 14 percent tax increase on high-income Big Apple residents.
The proposed city income-tax hike would raise the rate for individuals making more than $500,000 and married couples earning over $1 million from 3.876 percent to 4.41 percent. About $250 million would be used to subsidize half-price MetroCards for about 800,000 New Yorkers living in poverty.
“The top 1 percent can afford to do a bit more — and should, because a transit system that works makes New York City’s economy strong and benefits us all.”
Yes, because straight up socialism has worked so well in, say, Venezuela. Why any wealthy person would continue living in New York City is completely beyond me.