Readers sound off on taxing the rich, commencement speeches and Ted Turner
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Published on May 8, 2026.
A majority of New Yorkers, 54% statewide and 62% in the city, support raising income taxes on the wealthiest residents, according to Siena polling. This comes after Mayor Mamdani was elected in part for his call to tax the very rich and corporations who benefited from federal tax cuts. Polls also suggest that the state Senate and Assembly leaders support this idea. However, state and city governments risk losing revenue and critical services due to lower individual and corporate tax rates compared to neighboring New Jersey. The middle-class and poorest New Yorkers have been priced out of the city due to rising health, food, utility and fuel costs exacerbated by federal tax policies. The author suggests that state leaders should ensure that those benefiting from federal federal tax reductions pay their fair share to protect local healthcare, food security and essential services.
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