This just in and it’s official. Rich people are fleeing the New York metropolitan area in multitudes.
Surprise, surprise, surprise. Sorry, Jim Nabors.
Around 300-thousand New York City residents fled during the pandemic and they took 21-billion dollars in taxable income to other states.
You heard that right, 21-billion dollars according to the IRS.
New York State Comptroller Tom DiNapoli says the number of millionaires that left the state during COVID was nearly double those who bolted during the prior four years.
Sure, some people have moved in, but their incomes are a fraction of the wealth of those who left.
And put this in your progressive pipe and puff on it. Those one percenters, those rich folk, they paid more than forty percent of the city’s personal income tax. Forty percent! Money that funds social programs, garbage collection, the police, etc. etc. etc. Sorry Yul Brynner.
And DiNapoli warns that the Albany a-holes had better start putting more money aside for an inevitable rainy day. Can you say recession?
Rainy day? Hey Tommy boy, holy schnikes, open your umbrella, it’s already pouring!
Andrew Rein, president of the non-partisan Citizen’s Budget Commission says of the mass escape from New York, “Things have shifted in a way that should give anybody looking at this some serious pause.”
OK, anybodies, I’m taking a serious pause right now to tell you why so many rich people are saying sayonara to fun city.
For one thing, they hated the way prevaricating Prince Andrew Cuomo and deceptive Bill De Blasio handled the pandemic. That dysfunctional duo allowed the COVID industrial complex to take over our lives, fed by the doomsayers at the New York Times.
Kids were forced into zoom learning, a total fiasco. Other states and cities handled COVID without zooms, lockdowns and shutdowns. Our economy was flushed down the pandemic potty while economies in other states and cities stabilized and succeeded.
Here are more reasons why the queens and kings of New York are fleeing. They’re fed with the filth on the streets, the rampant fear of crime, the festering homeless tragedy, the public urination, defecation and masterbation.
They’re tired being told by the socialists that they are scum, even though they are central to our cultural institutions, our medical centers and our civic groups.
In the past they put up with the New York bull spit because the best talent was here. But now, with remote work, the world has changed.
You stupid, short-sighted socialists, you AOC acolytes, you progressive pinheads, go on, keep bashing the wealthy. As you do, they’re packing up their Park Avenue apartments and they’re leaving by the hundreds of thousands of people and the billions of dollars.
And when they leave, they take jobs with them.
The Brookings Institute analyzed data for the US Labor Department and found that red states have added almost 350-thousand new jobs since February 2020 and blue states have lost more than a million.
Florida is booming and will probably show a record budget surplus, while New York’s comptroller is firing up warning flares saying, “economic risks are growing and may jeopardize the state’s fiscal footing.” Fast interpretation: we’re heading for the crapper.
And slip this little note into your progressive back pocket. The hedge fund Citadel, that has been in Chicago for more than three decades, the hedge fund that employs 1-thousand people, the hedge fund headed by Ken Griffen, the wealthiest guy in Illinois who has donated more than 600-million dollars to educational, cultural, medical and civic organizations…that hedge fund…well it’s moving to Florida.
In New York, hedge funders Carl Icahn and Paul Singer have already moved to the Sunshine State and I’m sure the Citadel move has not gone unnoticed with other Wall Streeters.
You people that keep shoving your middle finger at the financial industry take this into account; Wall Street revenue makes up almost 20-percent of New York State’s revenue.
So, Mr. Friend Without Benefits, what do you suggest we do to fix this fine mess we’ve gotten ourselves into?
It’s real simple and it starts and ends with one word; vote.
In the just concluded Democratic primary for New York State Assembly, most of the candidates backed by AOC, the Democratic Socialists of America and the Working Families Party (who, btw, just endorsed Kathy Hochul for governor) lost. That gives me hope but it’s only one small step.
New Yorkers, the buck stops with you. Sorry, Harry Truman.
You need to get out and vote for candidates who will prudently cut taxes, help get crime under control and who will restore a sense of order to a city and state where everything goes and nothing is out of bounds.
If New York continues to be a one-party state controlled by the comrades of collectivism, the people we need to keep New York vital, vibrant and vigorous, will keep walking out of their Sutton Place penthouses and shouting, “we’re outta here” and jet off in the Gulfstream to friendly Florida.
5 thoughts on “We’re Outta Here!”
Wow. Powerful piece. Good job.
Maybe you can help by detailing candidates you think would help clean up this mess.
Great article delivered perfectly. I listened to your podcast as I read your article. Excellent. A sorry state literally we are in. Hope it can be turned around. Thank you for bringing this to our attention.
If you look back you’ll see that F w/o B has been on this message for a long time & we may be at the tipping point.
The VOTE begins with electing Lee Zeldin & purging NY state & city of the woke & progressive mentality that has infected our way of life.
It should come as no surprise that after being maligned as the cause of society’s inequality and inequity, those citizens whose tax dollars fund the failing social policies are finally saying, “enough.” They are relocating away from this lunacy. They had been taxed by NYC and NYS, at substantial levels, with the understanding that elected and appointed government officials would provide essential social services to those truly incapacitated.
That has not happened. Instead, the ruling liberals spend endless mounts in wasteful, non-productive, quick-fix programs with no effective long term progress. They created a shameful, self-perpetuating “government-welfare complex.” Although there are worthy exceptions, the programs rarely call for an iota of personal or civic responsibility by the recipients. These new entitlements promote, on someone else’s money, a helpless underclass of dependent-thinking, ever more expensive-to-maintain “takers,” who drain society.
Those leaving the state were long subject to the above tax-based “financial mugging.” They choose to leave the state now because they have reached their limits. As good citizens, their taxes fund the government programs, their social conscience support local organizations, and their risk taking and hard work provide others with needed jobs. In return, the “takers,” the cultural elite, and scummy AOCs bite the hands that feed them, blaming them for all that is wrong. If that is not enough, finally there is the ongoing deterioration of the city life, and the additional rise of personal harm from uncontrolled crime, physical muggings, and worse.
The current NY governments may think they institute programs that are humane and address inequality and inequity. However, a true progressive liberal thinker, or anyone who works hard and doesn’t game the government, would see NYC/NYS’s ongoing, overtly failed approach as enshrining and worsening the socioeconomic divide. The “givers” don’t want to leave NY, but self-preservation and self-dignity warrants their exodus.
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