Groups including the Strong Economy for All Coalition, the New York Nurses Association, the Fiscal Policy Institute, and others are urging the legislature to tax the ultra-wealthy in New York state, rather than continue cutting services, schools, and health care.
According to one estimate, the state’s billionaires have earned $77 billion more since the beginning of the pandemic, exacerbating the already greatest economic inequality in the nation.
On Capital Tonight, Strong Economy for All Coalition Executive Director Michael Kink speaks to host Susan Arbetter about why the rich keep getting richer, and why they should see that paying more in taxes is better for everyone in the long run.