Posted on 12/28/2013 8:42:28 PM PST by Hojczyk
New York, whose status as the most populous state has long been ceded, will soon fall behind Florida into fourth place, a long-anticipated drop that is rife with symbolism and that could carry potentially serious economic consequences in coming years.
Additionally, notwithstanding the tax benefits that Cuomo is offering businesses who meet certain conditions, there are plenty of other economic reasons why moving to New York isn’t going to be appealing either to businesses or individuals.
Tax rates for individuals are far higher in New York than they are in Florida, for example, even in places where the upstate areas, where the cost of living is far lower than the areas in and around New York City.
Employers may find it hard to recruit the right kind of people for the jobs they need even though Governor Cuomo’s program seems to be based around trying to get businesses to move to areas close to locations of campuses of the State University of New York, obviously on the theory that these schools would provide a good recruitment class for high-tech industries most especially.
Finally, of course, there’s the question of just how much they can trust that future state legislatures or Governor’s won’t find it necessary to take away those tax breaks that are supposed to last ten years, or require businesses to certain regulations in order to continue receiving them.
When faced with those issues on one side of the ledger, and the possibility of starting a business in a state like Florida that has a long history of favorable tax rates and a political culture that makes it unlikely that there will be massive tax increases in the near future, it’s easy to see why businesses might be skeptical about making the long trek to Rochester or Buffalo.
(Excerpt) Read more at hotair.com ...
Gov. Cuomo, lanches a 10 year tax holiday for business who relocate to New York.
At least some of them recognize part of the problem.
“taxes way way too high to permit much attracting of capital or business or jobs to NY”
Consider the pure contempt Cuomo must have for the people who start and run a business to present the few paltry crumbs to them that he does and think it enough.
I lived in all parts of NY (NYC, Long Island, and upstate), most recently in upstate. It is quite a depressing place to live. The weather sucks, the industry is mostly gone, and the cities (Utica, Syracuse, Rochester, ad Buffalo) are rotting. While the property may be cheap, the property taxes are sky high.
I’ve been at a stage of my career that I no longer can be bothered by these despots, but my poor sons, still in their mid 20’s are much more vulnerable..
In my youth, they made life for me, a costumer designer in Hollywood no less, an more than interesting adventure.. ^@!%#%@.. :)
I can’t wait to join the exodus of people leaving NY. I havent decided where to relocate but it will be somewhere that appreciates freedom and American values. A difficult place to find these days.
It's just nature's way of weeding out stupid companies.
NY has moved to Florida, turning it into just another dimocrat leftist state.
See: Florida, Red Hampshire, North Carolina.
The entire northeast is a modern-day Sodom and Gomorrah.
Farms were always handed down to families, today’s kids are attracted to city life 24/7 due to the media. They don’t want to work on a farm anymore. Add to the fact that the cost of machinery and fertilizer continues to be expensive. If you farm for a living, its like any other business, you have to watch your expenditures and produce enough to pay the help and be able to make a profit. The smaller farms you see along the roads, are probably those that were owned by families who dwindled down to Mom and Pop who were too old to continue. All their kids went off to other areas of the country to seek their fortune. I was exposed to farm families, and I envied their lifestyles, it was a close knit group of families, but I saw how they eventually dissipated. I will always remember getting up early in morning to the fresh air smell of cow poo.
The State Death Taxes have something to do with it too,I am sure.
Between the unions, the corrupt Liberal politicians, and the environmental busybodies they have managed to turn most of the upstate into the American equivalent of Moldova. Now that the Commies are in firmly charge in the City (as opposed to the greedy and asinine Liberals, who at least tried to keep the near corpse alive so they could continue to suck blood), the rest of the joint is going to move from barely on life support to DNR.
I say that sadly as one who was born there and lived upstate for many years until it just got too depressing and hard to make a living and the taxes became unbearable so I fled to greener pastures. It was a wise move although I still love the upstate - or at least what it used to be.
If ever there was a time and a place, it is NOW for the NewYork Upstaters to SECEDE - from that unbearable CITY !
(What am I trying to recall seeing about a map showing population/counties and info about NewYork diversity . . .
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