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Mar 04 2014

Wealthy Escape From de Blasio’s New York

Whoever would have expected the rich to respond to the election of a communist mayor by escaping New York? That is, who other than everyone who has the slightest clue. Michael Goodwin reports:

One friend says 10 wealthy people have told him they are leaving and another says disgusted New Yorkers bought $1 billion in residential property in Florida since the November election. The Sunshine State confers an automatic tax cut of about 12 percent because it has no city or state income tax, nor does it have an inheritance tax.

Beyond taxes, the mayor’s open hostility is a factor. His insulting treatment of former Mayor Bloomberg at the inauguration remains a cloud over him. As one affluent woman, a self-described liberal, told me, “De Blasio hates me, so I hate him.” She doesn’t personally know him, but draws her conclusion from his words and deeds.

The central problem is the mayor’s childish view of wealth.

Taking a page out of Barack Obama’s playbook, de Blasio casts his push for a tax hike on those earning over $500,000 as a moral imperative.

“I believe it’s time to ask the wealthy to do a little more,” he said last year. He paints taxes as a matter of giving back, as though the money was taken from others.

The sneering suggestion that everyone with money is somehow guilty of something is not a surprise coming from a man who spent his honeymoon on an illegal trip to Castro’s Cuba.

In the end, there is no free lunch, even for thieves. De Blasio and his supporters will have to pay a price:

As Bloomberg often noted, about 5,000 very wealthy families paid 30 percent of the city’s income tax. Losing even a few of them means significantly less money for filling potholes and hiring cops.

That’s why communists have an internationalist outlook. So long as there is any liberty anywhere, the productive will escape. When there is no one left to loot, the tyrants run out of other people’s money, and socialism collapses.

The only solution is to control the whole world. The United Nations keeps that evil Marxist dream alive.

Time for the makers to leave Gotham to the takers.

On a tip from Arfdlgr.

  • Mr. Freemarket

    “I believe it’s time to ask the wealthy to do a little more,”

    There is simply no end to their “do a little more.” It is like a liberal asking for another little bite of your cookie. Soon, they have consumed the entire thing.

  • Xavier

    “I believe it’s time to ask the wealthy to do a little more,”


  • rambler

    Communists never learn that their ideas are never sustainable. The wealthy can move or just quit producing.

  • 762×51

    “Whoever would have expected the rich to respond to the election of a communist mayor by escaping New York?”

    NY is no different than any third world Communist country. Every single one of them is a prison. People are not allowed to leave which is why they must ESCAPE. There are no free, capitalist countries that force their people to stay against their will, only Communist countries which are all totalitarian dictatorships have that distinction. Communism is ultimately unpalatable which is why it must be forced on a population against their will.

    Once the disease has fully spread to the other 49 states, where will the wealthy or anyone else flee to? We either stand and fight or surrender to slavery. There is no other alternative.

  • Cameraman

    Could”n Happen to a Better City!!!

  • Beef

    I wouldn’t shed too many tears for the fleeing rich of NYC. I’m sure they’ll keep on donating to the Democratic Party, and will now cast their Democrat votes in Florida.

  • bigpete

    That or the communist just kill them.

  • rambler


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