The article critiques Andrew Cuomo's argument that raising taxes on the rich will lead to an exodus from New York. Citing the Tax Justice Network, it emphasizes that wealthier individuals often prioritize career and personal reasons over tax rates when considering relocation. The article argues that focusing on coddling the ultrawealthy detracts from addressing essential public needs such as housing and transportation, and advocates for policies that support the working population instead.
But they don't-at least not in any statistically meaningful way. Studies have shown for years that the rich largely move for career purposes, personal reasons, or even climate.
Taxing the rich isn't class warfare; it's sound policy when public goods are at risk. The real problem is the prospect of nurses, teachers, and transportation workers getting priced out.
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