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Mark Ruffalo Advocates Billionaire Tax to Aid NY Families

2/24/2026

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Summary

Story summary

Mark Ruffalo urged New York Governor Kathy Hochul to raise taxes on billionaires and corporations for the Tax the Rich campaign.
In an Instagram video, he highlighted working families face rents and childcare costs exceeding $20,000 annually.
He noted 60% of New Yorkers support taxing the wealthy to fund essential services.
He urged a rally in Albany on February 25 to press Hochul to prioritize affordability for all New Yorkers.

History

Historical Context

In 1935, President Franklin D. Roosevelt introduced the Wealth Tax Act, imposing a 79% tax on incomes over $5 million to address economic inequality during the Great Depression. This act reflected a growing demand for fiscal equity, a sentiment echoed today by Mark Ruffalo's call for higher taxes on billionaires in New York, supported by 60% of residents, highlighting ongoing struggles for equitable taxation.

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Story summary

Mark Ruffalo urged New York Governor Kathy Hochul to raise taxes on billionaires and corporations for the Tax the Rich campaign.
In an Instagram video, he highlighted working families face rents and childcare costs exceeding $20,000 annually.
He noted 60% of New Yorkers support taxing the wealthy to fund essential services.
He urged a rally in Albany on February 25 to press Hochul to prioritize affordability for all New Yorkers.

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