WATCH: When the richest want their taxes raised

What will happen if the richest people are asked to pay even higher taxes?

Some of the wealthiest people from New York wrote to lawmakers to ask if they and other top earners should pay more taxes to support schools, roads, and programs to help the poor.

They proposed that a higher income tax bracket will be created for top earners to raise about $2 billion

Will the rich in the Philippines follow suit?

— Video from NY Daily News; Text by Kristian Javier

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