They are hypocrites because the Treasury Department in Washington has a website that specifically allows people (rich or otherwise) to send extra money to the federal government.
Now there’s a group of these neurotic masochists in New York City. And they are clamoring to give more of their money to local government.
Let’s look at some excerpts from a report by Emma Fittzsimmons for the New York Times.
Mr. Kaplan is using some of his political capital to focus on what may seem like a self-defeating target: helping persuade Gov. Kathy Hochul to raise taxes on wealthy New Yorkers, like him. Mr. Kaplan, a lawyer, is part of a group called Patriotic Millionaires, dedicated to pushing lawmakers to…compel…the wealthy to pay more in taxes. Its mission dovetails with the platform of Mayor Zohran Mamdani of New York City, who is lobbying Ms. Hochul to increase taxes on wealthy individuals and corporations… Mr. Mamdani, a democratic socialist, wants to raise the city income tax rate to 5.88 percent from 3.88 percent for the roughly 34,000 households that earn more than $1 million per year. …Marc Baum, a lawyer who lives in Manhattan, said that paying higher taxes would not cramp his lifestyle. …Andrew Tobias, an author and one of the Patriotic Millionaires, said that he would gladly pay more.
Well, I have some good news for the so-called Patriotic Millionaires.
New York City does not have a way to directly pay additional tax, but rich leftists can ease their feelings of guilt by donating to The Mayor’s Fund to Advance New York City.
In the unlikely event any of these people are reading this column, they can click here to help expand “the incomparable reach of government.”
For what it’s worth, the article cites people who don’t think it’s a good idea to have higher tax burdens in the city.
Steven Fulop, president of the Partnership for New York City, an influential business group, said that Mr. Mamdani’s tax plan could make the city less competitive. “New York is already highly taxed, and as costs rise some people will stay but others will shift growth elsewhere,” he said. “Because the city’s revenue is so concentrated, it doesn’t take many top employers or earners leaving to create real fiscal pressure.” Indeed, millionaires make up less than 1 percent of tax filers and pay about 37 percent of the city’s personal income taxes, according to the city’s Independent Budget Office.
The last sentence of the above excerpt is key. Upper-income people already pay a hugely disproportionate share of taxes. If just a few of them decide to move to a low-tax state such as Florida, a tax increase will mean that New York City winds up with less money rather than more money.
The states of California and Washington will soon learn that lesson the hard way.