mos comments on Mamdani tax break proposal sparks fears as business leaders warn of ‘fragile’ NYC economy

[–] mos@lemmy.world 4 points 4 months ago (4 children)

Do you have data to support this theory about billionaires leaving states because of taxes or is it based on emotions?

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[–] realcaseyrollins@hilariouschaos.com [S] -3 points 4 months ago (3 children)

Yes on the former. I will leave the latter to you.

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[–] mos@lemmy.world 1 point 4 months ago (2 children)

“More than 125,000 New Yorkers have fled to Florida in just the past few years, carrying nearly $14 billion worth of income with them” wouldn’t this mean that on average these New Yorkers earned about 110k? So not really an example of millionaires fleeing the state.

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[–] realcaseyrollins@hilariouschaos.com [S] -4 points 4 months ago (1 child)

Do you have to make a million dollars in annual income to be a millionaire?

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[–] mos@lemmy.world 3 points 4 months ago

Good point! Income is also not the primary revenue stream of the ultra rich.

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