TOTALLY expected result of having a radical commie running the show! Gee, and in other breaking mews, touching a hot stove is painful, and stepping off a tall cliff leads to a very rapid decrease in altitude–with a rather abrupt stop at the end!
New York’s share of US millionaires dramatically declined in recent years, causing a nearly $11 billion loss in much-needed tax revenue in just one year, according to a bombshell new analysis.
Yeah, that’s how this works. DUH!
“In New York, the top 1% of earners pay about 45% of all state income taxes in any given year, so New York’s revenue is very reliant on high earners to stay in New York, and that has been a challenge in recent years,” said Jared Walczak, an economist and senior fellow at the Tax Foundation think tank.
So when you chase the top 1% out, guess what happens? Again I say, “DUH!”

