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As New York Gov. Kathy Hochul is begging “high-net-worth” people to return to the state to help pay for “generous social programs", Mayor Zohran Mamdani and other Democrats are pushing to lower the threshold for the death tax and to raise the tax to 50 percent. How enticing...
...The only positive impact is that, if you move back, you will welcome death after New York takes everything that you have saved to subsidize bloated budgets. A recent study showed that New York City is now spending $81,000 per homeless person in a town where the average take-home pay is $40,600. It is projected to increase to nearly $97,000 in the coming year...
...While pushing for more taxes, New York City already has a $115.9 billion budget for 8.48 million people. That is almost as much as the $117.4 billion budget for the entire state of Florida with 23.3 million people.
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