For New York, Taxing Rich Could Be Lesser of Evils

This article almost, but not quite, made it into a publication that shall remain nameless. Kill fee in hand, I now make it available to you here, free of charge.

On the scale of recent Albany misdeeds – Client 9, a legislator expelled for playing Freddy Krueger with his girlfriend’s face, rival state senate factions facing off with separate gavels – the state legislature missing its budget deadline last week wasn’t especially egregious. It wasn’t even novel: In all but two of the last 26 years, the budget has been late, making this a beloved New York tradition.

This year’s Albany stalemate, though, has higher stakes…