Here’s a little bit of news:
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.
And the latest study by the Budget Office only included data up to 2020. There’s no telling how many more have left since the COVID lockdowns that crushed the city.
The exodus is costing New York City billions. The Post reported in June that some 300,000 of the city’s wealthiest residents “earned $21 billion in total income in 2019, according to new data released by the Internal Revenue Service.”
That sum, the paper said, “represents the largest flight of capital from the Big Apple ever recorded.”
Now while I’m sure while that my Readers will share my chuckles of schadenfreude, there’s also the worrying caveat that these rich liberal assholes will infest parts of Free America that, quite frankly, shouldn’t have to put up with their baleful influence on our hitherto-happy, Constitution-loving homeland.
Unless, of course, they just increase the Liberal Asshole Quotient in places like Austin TX or Miami FL. It’s when they start voting in places like Plano or Boca Raton that the barrels of tar need to be warmed up and the pillows emptied of feathers.
I should point out too that these high-dollar asswipes’ incomes are of little actual value to places like Florida and Texas because unike NYFC, we don’t tax income. No, their only economic effect (and it’s a dubious one at best) is to drive local real estate prices higher — which helps sellers, of course, but also moves housing out of the reach of local middle-income folks.
Still, I guess anything that hastens NYFC’s slide into the abyss is welcome.