NYC mayor cites $180K racial wealth gap to justify taxes, police cuts
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NYC mayor cites $180K racial wealth gap to justify taxes, police cuts
""This is not an indictment of any one New Yorker. It is an indictment, however, of policies and politics that have persisted for far too long.""
""The plan sets goals across seven areas, including the economy, housing, public safety, health and infrastructure.""
""The report traces racial disparities in the city back centuries, citing historical factors including colonization and slavery.""
Mayor Zohran Mamdani's 375-page 'Preliminary Racial Equity Plan' highlights a significant racial wealth gap, with White households averaging over $200,000 and Black households under $20,000. The plan aims to restore diversity, equity, and inclusion programs while reallocating resources to address disparities in income, housing, and education. It proposes higher taxes on wealthy residents and corporations, a potential property tax increase, and a reduction of 5,000 NYPD officers. The initiative marks a historic evaluation of city agencies through a racial equity lens, addressing systemic racism and its historical roots.
Read at Fox News
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