> As nonresidents, they pay no city income taxes and often receive hefty property tax breaks. This strikes me as the problem. Why should these people, or for t

> As nonresidents, they pay no city income taxes and often receive hefty property tax breaks. This strikes me as the problem. Why should these people, or for that matter any extremely wealthy homeowners, get property tax breaks? Indeed, this article makes an excellent argument that high surtaxes should be imposed upon ultra-high-end real estate, and that the proceeds should be invested in infrastructure, public education, and/or tax breaks for the bottom 90%. The usual counterargument against incresing tax rates at the top is that it will drive some of these taxpayers to take their business elsewhere. Seems like a win-win to me.