The rich are fleeing New York

New York billionaire Tom Golisano is taking his big bucks elsewhere.

Furious over a new "millionaire's tax" that could cost him an extra $1 million this year, the Rochester-area resident and three-time gubernatorial candidate says he's fleeing the state for Florida's Gulf Coast.

Income tax rate is being raised to 8.97% (up from 6.85%) for those making $500k+, in the New York state. Our idiotic government is chasing wealthy tax payers out of state, instead of attracting them. They are happy to have him in Florida, ofcourse, but the idiots who pushed for this tax hike are a bit upset.

Working Families Party Executive Director Dan Cantor, who championed the tax hike, called Golisano's move "selfish."

"It's a disgrace that this is how he pays back the state where he was presumably educated and that's been so good to him," Cantor said. "Taxes are the price you pay for civilization. He's moving to a space where there's a little bit less civilization."

It's all nonsense, since Mr.Golisano was paying taxes. Curiously, Dan Cantor is missing the irony of his words. If taxes are the price you pay for civilization, then what does it make the people who pay little or no taxes? The very same people who he's claiming to represent?

Comments

[Asigurare Locuinta]

The New York has a lot of rich people. This seems to be a real problem for the insurance companies because the life insurance will become very expensive for they.