Billionaires are threatening to leave New York if their tax rates go up.

Everyone else in New York:

@theogrin But then other states could follow suit, so they can't escape the tax rates going up. xD

@Alkaris

Oh, they say they're going to Florida, which surely won't result in them getting stabbed in the back and the crotch simultaneously at the earliest possible opportunity.

@theogrin @Alkaris but...that would make "florida man" a hero....seriois dilema that is...

@Alkaris @theogrin

Used to be that Connecticut didn't have an income tax. A lot of NY rich people had 2nd or 3rd homes and legal residence in CT.

After the state deficit and debt got really big, CT passed an income tax, first time ever. All the rich people threatened to leave.

But they valued having "my country estate in Connecticut". They really didn't want to move to New Jersey.

So they mostly didn't leave, and the state budget finally balanced.

@theogrin well one or two of them have already expressed their interest on that des res on Mars.
@theogrin Eminent domain on all their buildings. Turn them into low income housing. Start with Trump Tower.

@farbel

Don't even have to call it eminent domain. Call it asset forfeiture due to back-owed tax.

(If anyone genuinely believes even a single one of these schlubs paid any reasonable amount of tax to the City of New York, I don't know what to tell you.)

@theogrin

They've been getting their way across the country, tax breaks and shelters and loopholes. It's time we turned that race to the bottom into a fox hunt.

@theogrin

Think about the improvements to be made in the absence of billionaires...

1. Better communities
2. Improvements in housing
3. Less inequality
4. More public programs for education & health
5. Diversity & inclusion initiatives.
6. Fairer taxation

Go for it. It'll be so much better without them.

@theogrin

Like a billionaire would spend a dime to move anyway. lol They need a medical rescussitation team nearby just to drop a quarter in a meter.

@theogrin awesome. Make them feel the same what we go through all the time, when rents are raised.

@theogrin

The city can become a better place without such democracy threatening assholes.

@theogrin The myth that ultra rich wealth trickles down, or makes any useful addition to the local economy is long shown to be BS. Let them go, and yes, seize assets. Let's herd them all to the cayman islands,easier to deal with, en masse!

@theogrin the new mayor should do it...increase taxes on those billies...

And for those that go, "but they already pay millions"

Stop looking at dad's jingley keys....and focus on the fact that for a billionaire...millions is chump change ..

10 million is nothing when you made 10 billion..

No seriously its 0,1%

I make € 2400 a month ...if id pay 0,1% that would be €2,40 a month or €28,80 a year...

The same i spend on weekend groceries...

@theogrin As long as they sell all their land-attached property, that might work. Including all the stuff they rent out to others. Property values and rents in New York go down? Oh, no! Don't make homes affordable again, Br'er Fox!