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Thread: New York's Wealthiest Are Moving Out

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    New York's Wealthiest Are Moving Out

    Yeah, the Republican tax plan is a boon to the wealthy. How about those wealthy New Yorkers, who want to move away to pay lower taxes? The solution to New York is quite simple: Raise taxes on whoever remains.

    https://www.yahoo.com/finance/video/...213717626.html

    Next up, California and Hollywood moving to Mississippi.

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    Re: New York's Wealthiest Are Moving Out

    Voting with their feet.

    I'd observe that this was already well underway before the GOP tax plan became a bill working its way through congress.
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    Re: New York's Wealthiest Are Moving Out

    Uh, that's a realllllllly short article.

    Short on substance and facts, that is. Is it a pay site? Is that why I can only see a tiny bit of it?


    New York's wealthiest are threatening a mass exodus because of the GOP tax plan

    Yahoo Finance Video•December 15, 2017

    Wall Street tax expert Robert Willens, president of Robert Willens LLC, has never heard more discussion from wealthy New Yorkers about relocating to another state with a more favorable tax environment until now because of the GOP tax plan.



    That is literally the extent of the article that I can see.
    I'm not going to chase you while you run around with the goalpost in your arms.

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    Re: New York's Wealthiest Are Moving Out

    https://www.theguardian.com/inequali...naires-threats
    In other words, wealthy people will threaten to move away if you raise their taxes but they generally won't.

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    Re: New York's Wealthiest Are Moving Out

    Quote Originally Posted by MrPeanut View Post
    https://www.theguardian.com/inequali...naires-threats
    In other words, wealthy people will threaten to move away if you raise their taxes but they generally won't.
    I realize you guys are in denial about companies moving overseas due to taxes. It's easier for you to try claiming it is the cheap labor. Sure, many companies do move overseas due to cheap labor BUT many other companies also move overseas to avoid the US high tax rates.

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    Re: New York's Wealthiest Are Moving Out

    Quote Originally Posted by Critter7r View Post
    Uh, that's a realllllllly short article.

    Short on substance and facts, that is. Is it a pay site? Is that why I can only see a tiny bit of it?


    New York's wealthiest are threatening a mass exodus because of the GOP tax plan

    Yahoo Finance Video•December 15, 2017

    Wall Street tax expert Robert Willens, president of Robert Willens LLC, has never heard more discussion from wealthy New Yorkers about relocating to another state with a more favorable tax environment until now because of the GOP tax plan.



    That is literally the extent of the article that I can see.
    I think they have changed what I linked to. I remember a longer article and no video. Oh well.

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    Re: New York's Wealthiest Are Moving Out

    Quote Originally Posted by Moderate Right View Post
    I realize you guys are in denial about companies moving overseas due to taxes. It's easier for you to try claiming it is the cheap labor. Sure, many companies do move overseas due to cheap labor BUT many other companies also move overseas to avoid the US high tax rates.
    Except they don't pay those high rates, that is just a myth. Effective rates are comparable to the rest of the world. Cutting Corporate taxes EVEN LOWER is nothing but a give-away to the 1% and the bill will go to the rest of us.

    Last edited by iguanaman; 12-16-17 at 02:46 PM.
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    Re: New York's Wealthiest Are Moving Out

    Quote Originally Posted by iguanaman View Post
    Except they don't pay those high rates, that is just a myth. Effective rates are comparable to the rest of the world. Cutting Corporate taxes EVEN LOWER is nothing but a give-away to the 1% and the bill will go to the rest of us.

    Yeah. Yeah. Yeah. I know the lefty propaganda talking points frontwards and backwards. No need to tell them to me for the one millionth time.

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    Re: New York's Wealthiest Are Moving Out

    Quote Originally Posted by Moderate Right View Post
    Yeah. Yeah. Yeah. I know the lefty propaganda talking points frontwards and backwards. No need to tell them to me for the one millionth time.
    But you don't remember them when you post those lies do you? Here's another chart showing how corporations are "overtaxed". LOL

    Those who can make you believe absurdities can make you commit atrocities.
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    Re: New York's Wealthiest Are Moving Out

    Quote Originally Posted by iguanaman View Post
    But you don't remember them when you post those lies do you? Here's another chart showing how corporations are "overtaxed". LOL

    I remember you BS just fine. It never changes. Same ole, same old. Poor people good, rich people bad. Business owners are the evil devil who do nothing but prey on their employees for their own advantage. The left's jealousy gets old after a while.

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