Connect with us

Hi, what are you looking for?

Bold TV

Millennial Minute: Should New York Lower Taxes to Stop Mass Migration?

Millennial Minute: Should New York Lower Taxes to Stop Mass Migration?
Photo by Romain V on Unsplash

People are leaving the state of New York in droves, but is the solution to raise or lower taxes? There is no one accepted answer to why people are leaving and what the government should do to fix the problem. But both sides agree that New York is an expensive city, and public service is not up to par with the amount of money being taxed now. Christopher Wright and Yael Fisher visit Bold TV to unpack the issue and approach a resolution.

What Can New York Do To Stop Mass Migration?

There is a key foundational issue where the two sides disagree. Wright says the mass migration from New York is because of high taxes. But Fisher says that most Americans moving across state lines don’t cite high taxes as their reason for moving. As the root of the issue is viewed differently, so will be the solution. Therefore, Wright believes driving up taxes will only intensify the exodus from New York. Fisher argues that the wealthy should be taxed more; the wealth tax would work because some of the ultra-high net worth individuals will realize the integral role they play in funding the social good.

Show Me the Money

While New Yorkers are double-taxed with state and income taxes, they are still seeing issues with city cleanliness, homelessness, public transportation and public safety. Where is the money going? Fisher says that the expanse of public services in New York is underfunded, and the problems will continue to grow if the wealthy aren’t taxed more. But Wright says that raising taxes creates more problems because the problem isn’t the amount of money going into the system but the governmental actions being taken on the other side. Check out the video as two millennials debate the main issues of New York taxation and what should be done to solve them.

14 hours ago
Happy Friday Eve, start your weekend off with us tomorrow at 2 PM EST! Tune in on our Facebook page and Youtube channel!

Facebook: https://t.co/3oKP9Ij7tR
Youtube: https://t.co/UDGX6WCTtU https://t.co/kE7KpxiAFK
15 hours ago
Mood especially when I treat myself on random things.... https://t.co/xN7OURlOhu
16 hours ago
Can Travis Scott Save McDonald’s? - https://t.co/UvXrhHq6zv
17 hours ago
Are you in the military? Needing a job? We have a few tips for you! Check it out! https://t.co/3SANPk8EKv

You May Also Like

Bold TV

Welcome back to Bold TV! Join our hosts, David Grasso and Julia Sun, and watch live at 12PMEST on Facebook and Twitter. *Update: Watch...

Homepage

If theSkimm, Fox, and NBC had a baby, it might look something like The Flip Side. The new outlet’s goal is to create a...

Homepage

In case you haven’t seen “The Devil Wears Prada,” ( a million times like I have) there’s a lot of hard work that goes...

Business

If you haven’t heard of TikTok, wyd? This social media app started booming with Gen Z in 2019. But since quarantine kept everyone at...

Copyright © 2020 Bold TV