▲ -5 ▼ Mamdani tax break proposal sparks fears as business leaders warn of ‘fragile’ NYC economy (www.foxbusiness.com) submitted 4 months ago by realcaseyrollins@hilariouschaos.com to c/finance 11 comments fedilink hide all child comments Billionaire CEO warns middle-income professionals and small business owners could leave the city https://www.foxbusiness.com/media/mamdani-tax-break-proposal-sparks-fears-business-leaders-warn-fragile-nyc-economy
[–] realcaseyrollins@hilariouschaos.com [S] -3 points 4 months ago (3 children) Yes on the former. I will leave the latter to you. permalink fedilink source parent hideshow 3 child comments replies: [–] 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. permalink fedilink source parent hideshow 2 child comments replies: [–] 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? permalink fedilink source parent hideshow 1 child comment replies: [–] mos@lemmy.world 3 points 4 months ago Good point! Income is also not the primary revenue stream of the ultra rich. permalink fedilink source parent
[–] 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. permalink fedilink source parent hideshow 2 child comments replies: [–] 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? permalink fedilink source parent hideshow 1 child comment replies: [–] mos@lemmy.world 3 points 4 months ago Good point! Income is also not the primary revenue stream of the ultra rich. permalink fedilink source parent
[–] 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? permalink fedilink source parent hideshow 1 child comment replies: [–] mos@lemmy.world 3 points 4 months ago Good point! Income is also not the primary revenue stream of the ultra rich. permalink fedilink source parent
[–] mos@lemmy.world 3 points 4 months ago Good point! Income is also not the primary revenue stream of the ultra rich. permalink fedilink source parent