New York’s economic development policy was all about developing the pocketbooks of campaign donors and leaving working class and poor New Yorkers behind, cutting out small businesses, favoring cronies, leaving communities struggling for resources.
“The sheer magnitude of lost revenue is striking. It is equal to 3% of GDP, or all the income taxes paid by the lowest earning 90% of taxpayers."
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Some of the wealthiest Americans use a strategy called Buy, Borrow, Die to dramatically reduce their tax bills while their fortunes continue to grow.
“We’ve got to be able to pass Schools and Communities First, as one measure, and then come back with another measure, and another, so that we make the rich pay their fair share.”
US billionaires’ wealth is soaring while millions remain unemployed, creating a country with two economies and increased inequality
Billions are going to zillionaires under the guise of pandemic relief. While President Trump and his allies in Congress seek to tighten access to food stamps, they are showing compassion for one group: zillionaires.
Michael Bloomberg has already spent more of his own money than Trump or Tom Steyer. He’s making a joke of our democracy – and Democrats should be appalled. Some Democrats, are inviting him on the debate stage.
No black person — or Hispanic person or ally of people of color — should ever even consider voting for Michael Bloomberg in the primary. His expansion of the notoriously racist stop-and-frisk program is a complete and nonnegotiable deal breaker.
In today's global economy, financial security is increasingly the property of the 1%.
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