The Assisted Suicide of Lofty State and Local Taxes
We get the government we choose to elect, hence the government we deserve. Voting for ever-higher punitive taxes on the rich is arguably a form of civic suicide. Consider that a…
Written byRob ArnottSource: RealClearPolitics - Articles
We get the government we choose to elect, hence the government we deserve. Voting for ever-higher punitive taxes on the rich is arguably a form of civic suicide. Consider that a wealthy New Yorker can get a raise of almost 40% just by moving. That's right. If moving eliminates a 14.8% top state and local tax rate, our top-tier taxpayer gets a 36% raise, not a 14.8% raise, by leaving. It's doubtful if any of our city and state leaders have done this math, but it's shocking. Mamdani wants to take

