Staff Reports
In a brazen display of big government overreach, liberal lawmakers have introduced a bill in the Assembly that would punish successful universities for their hard-earned tax exemptions. The bill aims to strip these universities of their tax breaks and funnel the funds to City University of New York, in yet another redistribution of wealth scheme.
The proposed legislation directly targets only two universities, Columbia and NYU, who have managed to avoid paying more than $100 million in taxes annually. Instead of celebrating their success and contributions to the local economy, left-wing politicians are bent on punishing them for their financial achievements.
Do chaos-enabling Columbia and NYU deserve to be off the hook for property taxes? https://t.co/LcrR5ieRrx pic.twitter.com/CJWCeWeb2Y
— NY Post Opinion (@NYPostOpinion) May 3, 2024
This move reeks of socialism and attacks the very foundation of our capitalist system. By penalizing these high-performing universities, the government sets a dangerous precedent that discourages excellence and innovation. It sends a message that success will be punished and rewards will be confiscated to support less successful institutions.
Furthermore, the idea of forcibly taking money from successful businesses and redistributing it to less successful ones is a blatant violation of free market principles. It stifles competition, discourages investment, and sets a dangerous precedent for government intrusion into private enterprise.
It’s time for hardworking Americans to stand up against this socialist agenda and defend our free market values. We cannot allow the government to punish success and undermine the very foundation of our economic system. Let’s hope that common sense prevails and this misguided bill is swiftly rejected.
