You are viewing a single comment's thread from:

RE: LeoThread 2025-11-07 02-39

in LeoFinance12 days ago

Part 3/10:

This sentiment is echoed by Stephen A. Smith, a well-known sports analyst, who doesn't shy away from critiquing Adams. Smith emphasizes that support tends to come from "young ignorant folk," suggesting that there's a lack of awareness among some supporters about the real-world impact of proposed policies.


The Issue of Taxation and Wealth Redistribution

A vital part of the conversation revolves around proposed policy measures such as increased taxes on the wealthy, including a 2% tax on the rich and an 11.5% capital gains tax. Smith highlights concerns about these measures, arguing that they could make New York City less attractive for affluent residents and businesses, which in turn could negatively affect economic activity and employment.