A rationale to tax the rich. Why? Because that's what the democratic socialists live by. Tax the rich. Now. Tax the rich. It doesn't even make sense economically. Tax the rich. We are losing rich people in New York City, New York State. They are moving. That's not a hypothesis. That is a fact. You increase taxes on the rich, you will accelerate the reasons for them to leave the state for lower tax jurisdictions. (06:47–06:52)
CLAIM
Asserts that wealthy individuals are leaving New York City and New York State.
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