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Latest New York Tax Increase will Almost Double States Outmigration

andrewcuomo 09142018

the staff of the Ridgewood blog

New York NY, Many votes chose to vote with their feet and New York’s absurd new (highest in the land 15%) tax rate on those evil millionaires is very good news for the moving van industry.

Texas Public Policy Foundation economist Erwin Antoni has run the numbers on the outmigration effect. Governor Cuomo et al might want to have a do-over.

The tax hike will roughly double outmigration from an average of 130,000 to about 250,000 a year over the next decade. That means about another four lost congressional seats.

Andrew Cuomo was the governor who fumed last summer “soak the rich and soon there are no rich to tax.” But he supports this tax hike. Our advice to lawmakers in Albany is to listen to the shyster Fagin from the movie Oliver: “I think I’d better think it out Again.”

3 thoughts on “Latest New York Tax Increase will Almost Double States Outmigration

  1. Definition of a NY liberal:

    Arrogant
    Rapist
    Criminal
    Demented
    Facial-bruta , puttana, Un skifosa

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  2. Rich people are very stupid.
    They won’t move out of state.
    They won’t protect their money.

    This is the idiotic thinking of liberals who pass these ridiculous laws.

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  3. Fredo’s bro dont look too happy

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