Natalie Migliore, WOR street reporter, Interview

A new study released by the fiscal watchdog group Citizens Budget Committee highlights how New York may need more millionaires. Natalie hit the streets to see how New Yorkers feel about that.

Episode Transcript

Speaker 1 (00:00):
Now Eat seventeen wrs. Beat on the Street with Natalie Migliori.

Speaker 2 (00:07):
Well, apparently we don't have enough millionaires in New York
City and that appears to be a problem. But the
New Yorkers really care about that, Natalie Migliori finds out
in her Beat on the Street.

Speaker 1 (00:20):
Natalie, Yeah, Good morning, Larry Well. A new report from
a fiscal watchdog group called Citizens Budget Committee shows New
York may need more millionaires. The study shows that were
about seventy thousand people earning one million dollars or more
in New York State in twenty twenty two. That's the
latest numbers we have, with only half living in the city.

(00:44):
So do New Yorkers think we need more millionaires?

Speaker 3 (00:48):
Absolutely?

Speaker 4 (00:49):
Well, we need tax drivenueir Yeah. And the more millionaires
we get, the more.

Speaker 3 (00:52):
Jobs are created.

Speaker 5 (00:53):
Sure we do, because there's always room for money in
New York City.

Speaker 3 (00:57):
Absolutely. I mean everybody you have to live, come, you
know how many are they here? I don't even know.
Seventy thousand. That doesn't seem like a lot. I thought
there was more, considering they what got billionaire row and everything.
I thought it was more. I don't know. I won't
be one, So I'm.

Speaker 1 (01:12):
Not sure, not with that mindset. No, the none partisan
groups as New York State's millionaire population is not keeping
pace with other large states like Texas, Florida, or California.
So why is the upper echelon of society deciding not
to stay here?

Speaker 3 (01:33):
I guess he has to do with taxes in New York.
I mean, California has a bigger population, right, yeah, so
you would expect more there. But I think it's the
taxes that we pay here in New York.

Speaker 4 (01:43):
Yeah, we're losing a lot of people. I think it
has a lot to do with the rules that are
just I don't know. The society kind of fabric is
dissolved with all the violent crime, and so people want
to be in a place where it's safer, especially for
their children. And look at that shooting that just happened.
It can happen anywhere, but they want to protect their
children and them good education. The education here is horrible.

Speaker 1 (02:03):
Yes, some people say it's about the money here, the
more money people pay. Some people say it's about the culture, safety,
feeling safe. But keep in mind Texas and Florida pays
far fewer taxes than New Yorkers New York States stood
to make an additional thirteen billion dollars. I had as
many millionaires as those states did back in twenty twenty two.

(02:24):
The new study comes as New Yorkers really consider how
the next mayor could impact the economy, with Democratic nominees
who are on mom Donnie saying billionaires shouldn't exist. He
said that just last month, even proposing a two percent
tax on those who make more than a million dollars.
So do New Yorkers want to see the rich pay
more in taxes?

Speaker 5 (02:44):
Absolutely? That I do support because I mean I pay
more taxes sometimes than the average millionaire. I believe based
off of what I'm paying versus what I see around,
it's a huge.

Speaker 3 (02:56):
Difference for the millionaires to pay more taxes. But is
that really going to help the lower class? I mean
that's the question. I mean, if it's going to help
the lower class, I'm all for it. There should be
one tax for everybody.

Speaker 2 (03:07):
Just because you make more money than another person or
got businesses.

Speaker 1 (03:12):
I don't think that that's right that they get taxed
more money.

Speaker 3 (03:16):
Me personally, I don't think it's right.

Speaker 1 (03:19):
Yeah, But this study also comes as middle class and
low income New Yorkers Field, they're just simply getting priced
out of New York.

Speaker 5 (03:28):
Due to the rent increases due to lack of availability.
It's almost impossible to get an apartment in New York
City because it's so overcrowded, the.

Speaker 3 (03:37):
Cost of living, rent, everything is going up except the paychricks. Honestly,
I mean, when it comes to politics, there's always somebody
that's feeding the politicians. You know, it's somebody with money
that's feeding the politicians, so they have to support them.

Speaker 2 (03:52):
What about the politicians feeding the people?

Speaker 1 (03:54):
What the politicians are feeding the people?

Speaker 3 (03:56):
Honestly, I think they're all the same.

Speaker 2 (04:00):
Have it?

Speaker 1 (04:00):
So the politicians are all running this race for mayor
that could really impact New York State and City's economy.
And you know, Larry, we'll just see what happens with
what these politicians, like I said, are feeding the people,
what they're telling the people, and that will really impact
what the people decide to vote for.

Speaker 2 (04:20):
Absolutely. And wa Zurimmdani is talking about he might chase
away some more millionaires and billionaires because he wants to
raise their taxes. That's that's a huge concern if he
can do it. But the chances are he's not even
going to be able to do that because he has
to go through the legislature, and I'm not sure many
of the things he says are actually going to happen.
So the millionaires and the billionaires can feel safe, and

(04:43):
more millionaires can move here and not have to worry
about it. Thanks so much, Natalie Migliori. Natalie Migliori is
going to be back Monday at this exact the same
time with her beat on the streets.