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Cuomo in Panic After Tax Revenue Comes Up $2.3 Bil Short… ‘God Forbid if the Rich Leave’

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Via Billy

Andrew Cuomo

Time and time again, the Democrats turn to higher tax rates, particularly on the wealthy, as a means of making things better somehow. At times it may appear to be virtue signaling to say that those who are rich should “pay their fair share” even when they pay most of the taxes already.

Now New York is showing, yet again, that a progressive income tax system that really is about redistributing wealth and punishing the rich will eventually implode. The rich will simply move themselves, their assets, and their capital elsewhere.

Democratic governor Andrew Cuomo announced that New York state’s income tax revenue had taken a nosedive after he introduced his new budget plan a month ago, according to the New York Post. The hit taken by the state is a whopping $2.3 billion.

More @ CT


Source: https://freenorthcarolina.blogspot.com/2019/02/cuomo-in-panic-after-tax-revenue-comes.html
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