Taxing New York’s Second Homes Is a Step Toward Fairness

By The Editorial Board

The editorial board is a group of opinion journalists whose views are informed by expertise, research, debate and certain longstanding values. It is separate from the newsroom.

For the health of the American economy, tax rates on wealthy Americans will need to rise in the coming years. The rates have fallen over the past half-century even as the incomes of the wealthy have soared. And the United States has a large and growing federal debt that will require a mix of tax increases and spending cuts to reduce. Raising taxes on the very rich is among the most obvious, least economically damaging and most politically popular ways to address the........

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