Even if (more likely "when") Momdani becomes NYC Mayor studies show the richest New Yorkers will stay

[Always in His Presence]

Imagine having $25 million in salary (i.e. not capital gains) in a single year to make that even a possibility.

That number would be 5,000,000.00 -

Where does the right to penalize them come from?

Why New Yorkers are Fleeing State​

For over a decade, New York has been among the states with the highest numbers of residents leaving. But while for years there was a balance between the numbers of those moving out of New York and those moving in, last year 56 percent of recorded moves were headed out of the state, according to a new report by national mover Atlas Van Lines.​

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While the high cost of living has been driving residents out of New York, their exodus could make the state more affordable in the near future, according to Griffin.​

​

"In years past, as we saw in 2023, New York had the fourth highest cost of living in the U.S., with residents spending nearly $50k per year in housing, healthcare, taxes, food, and transportation," he told Newsweek.​

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"However, 2025 could mark a turning point for residents as they finally decide to relocate due to unsustainable living prices," Griffin added. The latest report from the National Association of Realtors corroborates this thesis, Griffin said.​

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It's not just the wealthy.

 

[Always in His Presence]

Why on earth would I want to live in a city where the cost of living and doing business is among the highest in the nation, when I can move to another place and just take my jet in when I feel like it?

Does not make sense.

 

[Hans Blaster]

It looked lie it was being re-stated to fit a certain thought process....

on top of.....

New York City has a local income tax rate that ranges from 3.078% to 3.876%,

and:

View attachment 372239

Now add the "only 2%" to that - it becomes 16.17%

Then add the Federal

Search Assist

In 2025, the federal income tax brackets will be as follows: for single filers, the rates are 10% on income up to $11,925, 12% on income from $11,926 to $48,475, and so on, with the highest rate of 37% applying to income over $626,350. For married couples filing jointly, the rates start at 10% on income up to $23,850 and reach 37% for income over $751,600.

Imagine - $53.00 of every $100.00 going to the government.

Oh no, Mr. Bill.

 

[Always in His Presence]

Oh no, Mr. Bill.

???? What does that mean ????

Would you have the same response if it was you personally?

 

[Hans Blaster]

???? What does that mean ????

Would you have the same response if it was you personally?

I don't have that problem.

 

[GoldenBoy89]

Here is the rub - It is their money - not ours to confiscate through draconian taxes aimed solely at them because of their success.

Here’s my question: Why do you care what some rich person in NYC has to pay in taxes?

How does that affect you?

 

[Hans Blaster]

Here’s my question: Why do you care what some rich person in NYC has to pay in taxes?

How does that affect you?

The City of New York might open a bodega... with a cat!

 

[GoldenBoy89]

The City of New York might open a bodega... with a cat!

Just one.

 

[GoldenBoy89]

From what we have seen in California, it is the middle class who will flee.

Why would Mamdani’s election drive away the middle class? They’re the ones his policies are specifically aimed to help who can’t make it in NYC because of how things are currently. They’re the ones who would mostly be electing him too.

 

[Desk trauma]

yeah, they have lots of money - let's just ignore who owns the finances -

Yes, I’m sure they’re all going to go Galt taking up residence in Cheyanne and the surrounding region.

 

[GoldenBoy89]

That number would be 5,000,000.00 -

Where does the right to penalize them come from?

Why New Yorkers are Fleeing State​

For over a decade, New York has been among the states with the highest numbers of residents leaving. But while for years there was a balance between the numbers of those moving out of New York and those moving in, last year 56 percent of recorded moves were headed out of the state, according to a new report by national mover Atlas Van Lines.​

​

While the high cost of living has been driving residents out of New York, their exodus could make the state more affordable in the near future, according to Griffin.​

​

"In years past, as we saw in 2023, New York had the fourth highest cost of living in the U.S., with residents spending nearly $50k per year in housing, healthcare, taxes, food, and transportation," he told Newsweek.​

​

"However, 2025 could mark a turning point for residents as they finally decide to relocate due to unsustainable living prices," Griffin added. The latest report from the National Association of Realtors corroborates this thesis, Griffin said.​

​

It's not just the wealthy.

Yeah that’s exactly what Mamdani is trying to address. It’s no wonder he’s doing so well in the race.

 

[GoldenBoy89]

Why on earth would I want to live in a city where the cost of living and doing business is among the highest in the nation, when I can move to another place and just take my jet in when I feel like it?

Does not make sense.

I hope you don’t lose too much sleep worrying about how rich people solve their problems.

 

[Always in His Presence]

Here’s my question: Why do you care what some rich person in NYC has to pay in taxes?

How does that affect you?

It is called common sense and to an extent - empathy.

It affects me because I have a conscience. I believe in fairness and equity.

I hope you don’t lose too much sleep worrying about how rich people solve their problems.

I don't - do you lose any sleep thinking how much the government can squeeze out of a person to fill it's coffers?

 

[Always in His Presence]

Oh no, Mr. Bill.

The City of New York might open a bodega... with a cat!

anyone have a clue what either of these cracks mean????

 

[Desk trauma]

I hope you don’t lose too much sleep worrying about how rich people solve their problems.

Once upon a time, before he went full I got mine why didn’t you, Dave Ramsey called the higher capital gain tax bracket as aspirational. Something along the lines of yes you’re paying whatever percent more but you have to be earning <insert large amount here> for that to happen, you’re killing it!

 

[Desk trauma]

anyone have a clue what either of these cracks mean????

Yes.

 

[Always in His Presence]

Let's bring it closer to home -

or maybe you make a little more

Tell me again why you want to live in NY?

This coming from a former NY'r. Best thing I ever did was move.

But how about that evil millionaire - does he/she have reason to move out

 

[GoldenBoy89]

It is called common sense and to an extent - empathy.

It affects me because I have a conscience. I believe in fairness and equity.

Oh come on now. You really expect me to believe you feel bad for the poor disadvantaged multi millionaires and billionaires in NYC? How about for the middle class that can barely get by?

I don't

You sound very concerned for them.

Do you think rich NYC millionaires spend much time thinking about you and how you’ll get by?

do you lose any sleep thinking how much the government can squeeze out of a person to fill its coffers?

No, I worry about myself and my own.

 

[GoldenBoy89]

Tell me again why you want to live in NY?

I don’t but tens of millions of people do live there despite the high cost of living,

so maybe your experience isn’t universal?

 

[Always in His Presence]

Better yest, Since business and the wealthy are so easily moved (remote work etc.

What does a person making 5 mil a year look like in Dallas?

If I could save 1.68 million a year - you could color me gone.