Hochul Panics as Millionaires Flee New York’s Tax Hell for Florida Freedom
New York Governor Kathy Hochul admitted the state’s punishing taxes and high costs are driving wealthy residents straight out the door—many heading to low-tax havens like Florida. In a recent Politico interview, she sounded the alarm on the crumbling tax base that’s funding her big-government programs.
“I need people who are high net worth to support the generous social programs that we want to have in our state,” Hochul said. “Now, there are some patriotic millionaires who stepped up—okay, cut me the checks… But maybe the first step should be: go down to Palm Beach and see if we can bring them back home. Because our tax base has been eroded.”
She blamed remote work for breaking New York’s grip: “Remote work changed everything. There are people who can only work in an office in Manhattan or work in New York State—they were captives to our state… We saw that it’s not the case anymore. You know, Wall Street businesses looking at Texas… going there because of the tax.”
Hochul rejected calls for broad tax hikes on the rich, warning it would accelerate the exodus. “Be smart about this,” she urged. “What can fund what we want to fund with what we already are taking…”
Democrats have turned New York into a high-tax, high-cost nightmare, chasing away the very producers who pay the bills. Hochul’s desperate plea to keep the millionaires from bolting to Palm Beach proves it: liberal policies are bleeding the state dry, one wealthy resident at a time.