Progressive taxation is a fiscal policy approach where higher-income individuals pay a greater percentage of their income in taxes compared to lower-income individuals, based on the principle that those with greater financial capacity should contribute more to funding government services and public programs.
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NYC Mayor's Financial Genius π€Added:
Zora Mandani a democratic socialist elected mayor of New York. We talk about him all the times ran on a progressive platform and has tried to implement the progressive platform. When I say progressive what I mean is finding a more progressive way of raising money to pay for government. That's the essence of it. And that means making rich people pay more a greater percentage greater portion than non-rich people because rich people can afford it. So, it's more logical and it's more logical and efficient to fund what we need in government by having people who can most afford to pay taxes pay more. I don't think there's any way getting around that, ladies and gentlemen. No matter how much they want to feed you, somehow or other, the there's the opposition is strong in New York. I won't lie. It's just it's strong in New York just like it here is here in Chicago. But instead of hating on the mayor like the rich and powerful do in Chicago, they hate on Mayor Brandon Johnson. They've made it clear they'll never support him. They barely even talk to him. Their the mainstream dailies, the newspapers bash him regularly. I'm sure there's that's no coincidence. In New York, they welcome him. And then uh the same day that Donnie was setting up his IRS funded slush fund and cutting his deal with his lawyer to be immunized. Money met with titans of finance. That's the headline. And he met with JB Diamond, head of JP Morgan Chase. He met with executives from Goldman Sachs and other large New York City-based corporations and they all loved him or at least they all came out praising him. They hate his policies, but they seem to like
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