What happened after New York raised taxes on the rich

What happened after New York raised taxes on the rich

The threats came in a steady stream last year from Fox News, hedge fund manager Bill Ackman, and Gristedes grocery chain CEO John Catsimatidis, who insisted that wealthy New York City residents were “panicking” at the possibility that then-state Rep. Zohran Mamdani, a democratic socialist, could become the mayor and ensure rich locals pay more in taxes to help fund crucial services.“It only takes a handful of successful people to leave to decima…

Guess What Happened After New York Raised Taxes on the Rich? More Millionaires Moved In - RootsAction

The threats came in a steady stream last year from Fox News, hedge fund manager Bill Ackman, and Gristedes grocery chain CEO John Catsimatidis, who insisted that wealthy New York City residents were “panicking” at the possibility that then-state Rep. Zohran Mamdani, a democratic socialist, could become the mayor and ensure rich locals pay more in taxes to help fund crucial services.