And you know, we actually have more billionaires this year than we had just several months ago in New York State who are largely going untaxed. I actually have an unrealized capital gains tax that I have been promoting in the state Senate for the past few years, which would help us generate $25 billion in its first year. And this is just taxing 139. Not you, not me, not our millionaires. Are you afraid that they would leave? I am not afraid that they would leave because if they're New Yorkers, they like being in New York. (08:24–08:37)
CLAIM
Asserts that an unrealized capital gains tax could generate $25 billion in its first year.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.
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