Two weeks ago, two affluent activists from Resource Generation joined a rally at New York’s prestigious Waldorf Astoria Hotel to protest Governor Cuomo’s proposed social service cuts combined with tax cuts for the rich. They carried with them a most unusual protest sign: “Another trust-fund baby for taxing the rich.”
Why would they do this? Read about it in my recent article for InTheseTimes.com:
REVOLT AT THE WALDORF:
RICH ACTIVISTS PUSH FOR HIGHER TAXES ON THEMSELVES
A few weeks ago, outside Midtown Manhattan’s famed Waldorf Astoria Hotel, protesters gathered to rally against Governor Andrew Cuomo’s proposal to cut funding for public services, while also cutting taxes for the wealthy. Organized by New Yorkers Against Budget Cuts, the marchers represented several organizations joining together to “Demand That Millionaires Pay Their Fair Share.”
But amidst the chants of “Not another nickel, not another dime! Bailing out millionaires is a crime!” on March 31 were two protesters holding a very unusual rally sign: “Another trust fund baby for taxing the rich! Let’s pay our fair share!”
It certainly wasn’t the first time trust-funders have made their way up Park Avenue to the prestigious Waldorf Astoria. But it was probably the first time inheritors of wealth have publicly rallied in front of the esteemed hotel for an increase in taxes on themselves.
Who would do such a thing? Why would anyone actively advocate against their own self-interest? “Our current tax system perpetuates inequality,” states Elspeth Gilmore. “Wealthy people can really change that narrative.”