Under the plan, people who earn over $1 million in New York state will pay an income tax surcharge of about 3/4 of 1 percent for five years. In all, it would raise over $5 billion for mass transit. Supporters say that of the 75,000 affected taxpayers, about 35,000 don't live in New York.
Of course, commuters are "thrilled" with the idea of using the coercive power of the state to steal money from other people to fund their personal travel needs. But the government remains confused, and MTA Chairman Patterson has even announced the formation of a "blue ribbon commission."
I have formed a blue ribbon commission in my kitchen and have come up with the following plan: charge higher prices to the people who use mass transit.