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Commentary: We’re millionaires, and it’s time we paid our fair share

3 3
19.03.2025

Credit: Getty Images.

New York is facing a fiscal crisis. With the federal government threatening to cut billions in aid and key state tax provisions set to expire, we are at a turning point. Gov. Kathy Hochul and the Legislature must decide: Will they stand with working families or continue allowing the ultra-wealthy and large corporations — people like us — to benefit from an unjust system?

As millionaires, we firmly believe we should pay more in taxes. We have thrived in New York, a state that has provided us with opportunities, resources and a robust economy that helped build our wealth. But prosperity should not mean exemption from responsibility.

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Right now, the tax system favors people like us while working- and middle-class New Yorkers struggle with rising costs for housing, education and health care. That’s why we support the........

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