‘The Big Money Show’ panel weighs in on Gov. Kathy Hochul blaming President Donald Trump for New York’s population decline, arguing high taxes, rising costs and state policies are driving residents to Florida and other red states.
New York and California are experiencing a significant taxpayer exodus as residents and businesses relocate to red states like Florida and Texas. New York Governor Kathy Hochul attempts to deflect blame to federal tax changes and the pandemic. However, analysts argue that high state taxes, like the nearly $100,000 difference for a $1 million earner, are the primary drivers of this wealth migration.
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