San Francisco supervisors are addressing economic inequality and budget deficits by proposing local income and wealth taxes on the wealthy. Supervisor Chyanne Chen introduced a resolution urging state representatives to support legislation that would permit counties to enact such taxes. The resolution highlights income inequality as a significant crisis affecting public health, education, and residing conditions. It argues that current tax systems disproportionately burden low-income residents while wealthy individuals receive substantial tax breaks. The proposal aligns with similar efforts to create a more equitable tax structure in cities like New York and Philadelphia.
Income inequality is an existential threat to society, impacting public health, educational outcomes, and housing security. We must address this pressing issue through local taxes.
We are calling for legislation that would allow counties to impose income and wealth taxes, enabling a more progressive tax structure to combat economic inequality.
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