Progressive Politics

4601 readers

599 users here now

Welcome to Progressive Politics! A place for news updates and political discussion from a left perspective. Conservatives and centrists are welcome just try and keep it civil :)

(Sidebar still a work in progress post recommendations if you have them such as reading lists)

founded 2 years ago

MODERATORS

TokenBoomer@lemmy.world

810

Mamdani balanced the NYC budget (lemmy.zip)

submitted 2 days ago by favoredponcho@lemmy.zip to c/progressivepolitics@lemmy.world

138 comments fedilink hide all child comments

you are viewing a single comment's thread
view the rest of the comments

[–] Alaknar@sopuli.xyz 6 points 1 day ago

Every dollar out of a rich person pocket is a dollar out of asset investments portfolios and another dollar in the local economy

I agree, but...

I think that undersells the effect of even this minor tax on the rich

I think that saying "they zeroed their 12 bil deficit thanks to the wonders of taxing the rich" is overselling what they actually did to the extreme. They got 1/24th of the needed money from pied-à-terre tax. The true "wonder" was the 7 or 8 billion they got from the state.