Posted on 10/17/2025 4:19:23 AM PDT by daniel1212
Zohran Mamdani’s primary win in New York City’s mayoral race and proposal to raise taxes on millionaires have touched off fears of a new wave of wealth flight from the city....
At the center of the economic concern is Mamdani’s so-called “millionaire tax.” He’s proposed an additional 2% tax on New Yorkers earning more than $1 million a year. Added to the city’s current top rate of 3.876%, the tax would bring the combined New York City and state tax to 16.776%, by far the highest in the country. The combined federal, state and city rate would be 53.776%.
And New York’s high earners won’t have to go to Florida to avoid the tax. They can simply move to neighboring Long Island or Westchester County or even New Jersey. Unlike New York state, New York City can’t tax people who work in the city but have their primary residence elsewhere....
The top 1% of New Yorkers pay over 40% of the income taxes, so losing even a small number of high earners would set off a downward spiral of lower revenue and lower services and more out-migration.
(Excerpt) Read more at cnbc.com ...
Another 52%: Ramsey study - MoneyWise
Sep 2, 2025A full 52% of the 1,017 U.S. adults who responded to the study report being stuck in survival mode, burdened by high costs, stagnant wages and mounting distrust in government economic policy. - https://moneywise.com/news/economy/52-of-americans-live-paycheck-to-paycheck-says-ramsey-solutions-and-they-dont-expect-relief-anytime-soon
Please please please let them flee to Rochester and not to a red state. And if they flee to a red state don’t let them come to my state. We’ve already got our limit of liberal retards .. from The People’s Republic Of Kalifornistan.
Guess they all want to “Escape from New York,” hmm where have I heard that before?
The obvious reality is there are so many immigrants who have moved to NYC, they do not understand capitalism and think the poor can just ride on the wealth of others without consequence.
New York City is on the verge of a death spiral. I believe voting rights should only be given to those who have something to lose (property). The poor, who vote, will support politicians who offer them “free” money and free stuff. Communism sounds great if you don’t own anything.
“...or even New Jersey.”
Should New Jersey elect Jack Ciattarelli (R) coming up it won’t be long before it’s a solid blue again thanks to NYC.
This is what happens when you vote
for democrats and their liberals.
“Guess they all want to “Escape from New York,” hmm where have I heard that before?”
Guess they need to update the movie now that life is imitating art.
“Seinfeld.
Four.”
:-)
“I thought you were dead.”
With Mamdani voted in, even the millionaires will go broke.
If Gotham would vote for this, why does Deep State have to steal its elections?
“With Mamdani voted in, even the millionaires will go broke.”
With Mamdani voted in, the millionaires will go ... elsewhere. Buh-BYE, NYC!
That's not the whole story. Woke white liberals in Manhattan will vote for Zohran Madami.
Blue collar white folks in Staten Island won't vote for him.
New York City about to become Americas largest slum.
Where will the prosperous flee? Probably Florida!
It’s only the worst morons who haven’t already escaped.
Several months ago when this communist announced his candidacy, there were several articles about some of the ‘rich’ contacting realty firms and setting up sell/buy plans. The realty form was to find a suitable home outside of NYC proper or even outside NY state. Should the voting public be so stupid as to elect this muslim turd, the realty firm was authorized to put the client’s current home up for sale and then finalize negotiations on the new location.
This is precisely why all of our major cities have socialists for mayors, the good people move out.
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