Please explain why a city as large and as filled with business, retail, and commercial enterprises as NY City, they can’t exist on a sales tax? Foot - the license for taxi cabs ought to fund most of city government!
But in all seriousness... This is so insane. Of course, the free-market solution still exists, if the wealthy would get off their lazy bums and actually act on their anger. Do as Rush is discussing - move to a more taxpayer-friendly location. If all the rich folks bellyaching about this in NYC did - then the idiotic “wealth penalty” would go away.
Rush seems to also be trying to spur an exodus of corporations (and wealthy earners) from New York state.
Because nearly half the people living in NYC are either on public assistance or the public payroll.