'Millionaire's Tax' Could Fund NYC Mass Transit

WCBS TV reports:

Mayor Michael Bloomberg's congestion pricing plan may be dead, but Assembly Democrats do have a plan to raise money for mass transit: tax the rich.

It's what Albany calls a "millionaire's tax."

Yes, billionaires like Bloomberg will ante up, too.

Under the plan, people who earn over $1 million in New York state will pay an income tax surcharge of about 3/4 of 1 percent for five years. In all, it would raise over $5 billion for mass transit.

Supporters say that of the 75,000 affected taxpayers, about 35,000 don't live in New York.

A majority wants to steal from a minority: this is what modern day liberalism has degenerated into.