On Thursday, Hot Air posted an article titled, “Kathy Hochul Begs Rich People to Come Back to New York.” Why does she think they left?
The article reports:
Hochul’s appeal to the millionaires who are fleeing New York came last week at a POLITICO “Fireside Chat” that was fascinating, if you are into such things. It gave us insight into the dilemma that national Democrats face: their base is radicalized, their records are appalling, and their states are bleeding citizens.
Here are a quote from the chat:
Now, there are some patriotic millionaires who stepped up. Okay, cut me the checks. If you want to be supportive, but maybe the first step should be to go down to Palm Beach and see who we can bring back home because our tax base has been eroded. So I philosophically don’t have a problem, I have to look at the fact that we are in competition with other states who have less of a tax burden on their corporations and their individuals. And I would say remote work changed everything. There were people who could only work in an office in Manhattan or work in New York State and they were captives to our state. They were going to stay. We saw that that’s not the case. Wall Street, businesses looking at Texas? They’re not going there because they have a nicer governor, I know that for sure, but they’re going there because of the tax rate. We have to be smart about this. But we can fund what we want to fund with what we already are taking in.
I have a few questions. How many people have your extensive social programs actually helped? How much of the money collected in taxes actually goes to the people who need it and how much goes to bureaucratic expenses? Why should a businessman bring his business to a place that is extremely expensive to do business?
Bad management gets bad results!