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Andrew Cuomo Is Worried Wealthy New Yorkers Won’t Come Back. He Should Be
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U
upant
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he and many other big city leaders
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ThinkingSapien
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It’s not surprising, really. The elite have a long history of leaving town during times of illness. In 1832, as cholera swept through New York City, an observer witnessed how “New Yorkers scampered away in steamboats, stages, carts, and wheel barrows.” Farmhouses and country homes were quickly filled all around the city. Those who could afford it were racing against the accelerating threat of disease. But as historian of medicine Charles E. Rosenberg wrote, in analyzing the era in the Bulletin of the History of Medicine , “The poor, having no choice, remained.”
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Roselle
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It was troubling to see how the governor was concerned about the wealthy leaving New York and how the wealthy pay the majority of the taxes.
At the same time though the mayor of New York City was saying good riddance and don’t come back to the wealthy.
New York city has been fortunate in that it hasn’t seen a major long term down turn in it’s economic outlook. Many other big American cities can’t say the same. Maybe that is changing now, with the current mayor the city has. I’ve read likely new mayors will have similar policies as the current one. I guess if there are less wealthy to tax, then the remaining middle class will be taxed more.
At the same time though the mayor of New York City was saying good riddance and don’t come back to the wealthy.
New York city has been fortunate in that it hasn’t seen a major long term down turn in it’s economic outlook. Many other big American cities can’t say the same. Maybe that is changing now, with the current mayor the city has. I’ve read likely new mayors will have similar policies as the current one. I guess if there are less wealthy to tax, then the remaining middle class will be taxed more.
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Trader
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Massachusetts and New York both want to tax out of state residents who telecomute now, but used to work in their states. I am not a lawyer, but a lot of lawyers will bill a lot of hours over this.
Lets see, if I live in New Hampshire and work from my home in New Hampshire, should I be forced to pay Massachusetts income tax? The same goes for Connecticut and New Jersey with respect to New York taxes, but those states also have high tax rates. How will New York finance high spending levels if they can only tax their own residents? Will they demand a federal bailout?
Let the voting begin.
Lets see, if I live in New Hampshire and work from my home in New Hampshire, should I be forced to pay Massachusetts income tax? The same goes for Connecticut and New Jersey with respect to New York taxes, but those states also have high tax rates. How will New York finance high spending levels if they can only tax their own residents? Will they demand a federal bailout?
Let the voting begin.
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They can run, but if the left and Biden take power, they won’t be able to hide.
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Theo520
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People moving to Long Island should be a concern for DeBlasio not Cuomo, right?
if they work in ‘the city’, they will still have to pay the NYC income tax.
if they work in ‘the city’, they will still have to pay the NYC income tax.
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