New York City has imploded, with crime soaring and homeless people everywhere. Every day brings a new tale of an attack against an innocent person on the city’s street or subway.
To make matters worse, New York City is losing its top taxpayers. According to a study by the city’s Independent Budget Office, the city has lost 10% of taxpayers who earn more than $750,000 and 6% of those who make between $150,000 and $750,000.
The New York Post said many taxpayers are fleeing New York’s sky-high taxes. “Yet the radicals who increasingly dominate local politics want to slam those who haven’t left even more: Last Monday, a group of advocates and elected officials launched a campaign for a ludicrous $40 billion in new taxes on the rich,” said a recent Post editorial.
