David vs Goliath in the New York City Property Tax New Scam?

See copy of the original article here 

https://app.tidalforce.org/dont-price-us-out-new-yorkers-plead-amid-property-tax-overhaul

A Taxing Problem: Protecting Small Homeowners

New York City's proposed property tax hike is a significant concern for many small homeowners. While the city undoubtedly faces budgetary challenges, a drastic increase of 100-900% could have devastating consequences for ordinary citizens.

The Impact on Small Homeowners

• Financial Strain: A substantial tax increase would place an immense financial burden on homeowners, particularly those living on fixed incomes or with modest means.

• Displacement: For many, the increased costs may become unsustainable, forcing them to sell their homes and potentially relocate to more affordable areas.

• Neighborhood Decline: As homeowners are forced to sell, it could lead to a decline in neighborhood stability and property values.

Alternative Solutions

While increased revenue is necessary, there are more equitable ways to achieve this goal. Here are some alternative approaches:

• Progressive Taxation: Implement a tax system that places a higher burden on wealthier individuals and corporations, rather than a flat rate increase on all property owners.

• Closing Tax Loopholes: Target wealthy individuals and corporations who exploit loopholes to avoid paying their fair share of taxes.

• Efficient Spending: Conduct a thorough review of city spending to identify areas of inefficiency and potential cost-saving measures.

Taking Action

To protect the interests of small homeowners, it's crucial to take action:

• Contact Your Elected Officials: Reach out to your city council members and state representatives to express your concerns.

• Join Community Organizations: Participate in local organizations advocating for homeowners' rights and fair taxation.

• Attend Public Hearings: Voice your opinions at public hearings and city council meetings.

• Spread Awareness: Educate your neighbors and community members about the potential impact of the tax increase.

By working together, we can ensure that New York City remains a place where people of all income levels can afford to live and thrive.