Democrats’ class-warfare rage makes New York the loser
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Democrats’ class-warfare rage makes New York the loser
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“Start spreadin’ the news, I’m leavin’ today” — that’s how the famous song “New York, New York” captures the Big Apple’s draw.
Today, the line is becoming more ironic than iconic: Many people are indeed leaving … from New York, New York.
Worse yet, those “vagabond shoes” that “are longing to stray” are on the feet of the wealthiest New Yorkers.
And as they flee, according to a new study, they’re taking away billions in badly needed tax revenue.
As Mayor Zohran Mamdani and others pledge massive social programs and free services by taxing the wealthy, the wealthy are just melting away.
The reason is simple: if “you can make it there, you can make it anywhere.”
Hochul claims she’s against tax hikes for wealthy, businesses after pushing through new NYC fee for luxury 2nd homes
Intrusive way California will target billionaires who fled hated wealth tax — as top 3 targets emerge
Manhattan luxury real estate market plummets after Mamdani pied-à-terre tax goes into effect
In today’s economy, it’s no longer necessary or even particularly beneficial to be in New York to make money in financial and other areas.
When any business meeting is a screen and a click away, you can go to a low-tax state like Florida or Texas and do as well as you can in the Big Apple.
Not surprisingly, many are choosing the money over the mystique and the madness.
This week the Citizens Budget Commission reported that New York’s share of millionaires fell........
