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Originally Posted by iheartthed
The worst thing about rich people threatening to leave "liberal utopias" is that they won't shut the fuck up about it. They have to make sure everyone knows that the place where they willingly chose to spend most of their lives is indeed a Hell hole, lol.
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Quote:
Summers Says New York’s Millionaires Tax Risks ‘Downward Spiral’
Christopher Condon
April 9, 2021, 8:38 AM MST
Former U.S. Treasury Secretary Lawrence Summers said New York state’s new budget deal, which raises taxes on millionaires, may backfire, especially if Congress doesn’t repeal the federal cap on state and local tax deductions.
Millionaires “deserve to pay more taxes -- it should happen,” Summers said in an interview with David Westin on Bloomberg Television’s “Wall Street Week.” “But New York City and New York state can’t do it alone without substantial consequences in this environment” . . . .
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https://www.bloomberg.com/news/artic...weekendreading
It may not be a "hell hole" but many of them are probably at the stage of their lives where they were considering a move to someplace more "resort-like" anyway and this pushes them over the edge. Besides, they don't have to abandon New York. They just have to live there less than half the time and move things like car registrations, voting, professional licenses and so on out of the state. New York for a month or two in Spring and Fall, Florida in winter, maybe Tuscany in summer doesn't sound so bad.