They want to tax the rich as a political statement. They want to punish the rich, it feels like. And it plays into the theme of socialism. The mayor's budget goes even further because it's not just taxing the rich. He wants to raise property taxes 9.5%. That's on middle class homeowners in New York City. 9.5%. What happened to tax the rich? Now you're talking about homeowners in the Bronx and Queens and Brooklyn. (04:54–05:02)
CLAIM
Asserts that the mayor's budget proposal includes a 9.5% increase in property taxes.
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