Wealthy New Yorkers ask NYS to Raise their Taxes

51 wealthy New Yorkers signed an open letter to NYS leaders in March 2021, advocating higher taxes on millionaires and billionaires in the state to help meet critical budget needs. Signers included members of Responsible Wealth, Patriotic Millionaires, Resource Generation, Solidaire and others. The letter was covered in a New York Daily News article posted on March 4 and printed March 5. If you would like to sign the letter, contact Mike Lapham at [email protected] Continue reading

Responsible Wealth's Mike Lapham featured on NBC!

How we talk about wealth matters! In a new NBC video, our Responsible Wealth Project Director, Mike Lapham, co-author of The Self-Made Myth, explains why NO ONE is self-made. The video is about 10 minutes long - check it out now! Continue reading

Millionaires Gather in Albany to Demand Higher Taxes

On March 13th, 2018, a group of wealthy New Yorkers  gathered at the Million Dollar Staircase in the NY State Capitol to demand that the state legislature raise their taxes by approving the expansion of the millionaires tax and by closing the carried interest tax loophole. Continue reading

Media Roundup: Responsible Wealth in the News

On November 13, over 400 wealthy members of Responsible Wealth and Voices for Progress, raised their hand and emphatically said: "we don't need a tax cut."    Continue reading

Press Release: 400 Wealthy Taxpayers Demand Congress Not Cut Their Taxes

More than 400 wealthy and upper-income taxpayers, including billionaire financier George Soros, former Rockefeller Brothers Fund chair Steven Rockefeller, and filmmaker Abigail Disney, have signed a letter calling on Congress to reject the Republican tax plan that gives tax cuts to millionaires and billionaires, especially any plan that is not revenue neutral, which would lead to deep cuts in services and critical investments, such as Medicaid, Medicare, and education.   Continue reading

Part of the Solution in Connecticut

The state of Connecticut is facing a budget deficit of ($2.8 billion for Fiscal Year 2018, which began July 1, 2017.  Proposals for filling that gap include: concessions worth $1.5 billion from the largest public employee union; weakening the Earned Income Tax Credit and other tax credits that benefit lower-income taxpayers; and sharply reducing funding for early education and higher education. On July 20, 2017, a group of wealthy Connecticut residents, organized by Responsible Wealth, took the unusual step of asking Governor Malloy and the Connecticut Legislature to raise their taxes to help fill the budget gap.     Continue reading

Press Release: 80+ Upper-Income New Yorkers Urge Governor Cuomo and Legislature to Extend and Expand the Millionaires’ Tax

As New York State braces for proposed federal budget cuts that would have a devastating impact on health care, education and infrastructure investments across the state, more than 80 New York residents with incomes in the top 1% have sent an open letter to Governor Andrew Cuomo and the New York State Legislature urging passage of an expanded and permanent millionaires’ tax. An expanded and permanent millionaires’ tax would bring in nearly $6 billion in annual revenue, or over $2 billion more than the current tax– set to expire in 2017– generates. Continue reading

1% Plan for NY Tax Fairness Media Coverage

Updated March 29, 2016 Continue reading

State of the Dream 2016: #BlackLivesMatter and the Economy

Little progress has been made on Martin Luther King Jr’s dream since his death over almost 48 years ago. In fact, by many measures we have been moving backwards as a country.  The #BlackLivesMatter movement turns three years old this summer and has exposed modern racism and police brutality.   Continue reading

Postal Banking Gains Momentum

If we would have told you three years ago that postal banking could be making a comeback, you may have not believed us. Ever since our publication of State of the Dream 2015: Underbanked and Overcharged, the idea of postal banking has been gaining more attention and more support. Senator Elizabeth Warren and presidential candidate Sen. Bernie Sanders have been the most visible proponents of the idea, with Sanders touting the idea on a number of occasions on the campaign trail.   Continue reading