NYC billionaires threaten to leave if progressive candidate Zohran Mamdani wins mayoral primary. But is their fear of losing wealth justified, or just a desperate attempt to maintain power and privilege?

  • @PunkRockSportsFan
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    642 months ago

    Billionaires shouldn’t exist

    Tax them out of existence

    Or some other way

  • JohnnyFlapHoleSeed
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    622 months ago

    So you’re saying that people who own a bunch of property and don’t pay taxes are gonna leave the state? Sounds like a net gain

  • BrikoXOP
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    532 months ago

    Good fucking riddance.

    P.S. Their business would still have to pay taxes in NY if they want to operate there.

  • @JaymesRS@literature.cafe
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    362 months ago

    Ah yes, wealthy people who love being seen at all the hot stuff in NYC are suddenly going to move somewhere else without the clout like Kansas City.

  • @SwingingTheLamp@midwest.social
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    162 months ago

    IIRC, Norway provided a real-world study on this. No surprise: A handful of blowhards left for lower-tax countries, but virtually all of the rich people stayed and just paid higher taxes.

  • @BigMacHole@sopuli.xyz
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    162 months ago

    NO! If these Job Creators who’ve laid off TENS of THOUSANDS of Workers this year so Far LEAVE who Will be stuck NOT paying Taxes while using Public Services? Nobody! That’s ATROCIOUS!

  • NutWrench
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    102 months ago

    Oh no. What EVER will we do without our precious, precious billionaires?

  • VibeCoder [they/them]
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    12 months ago

    Hey honey, I know our kids go to a prestigious private school here and I do most of my work from the NYC office and you have obligations here that can’t be done from another city so you’d have to abandon them, but I don’t like this commie mayor so we’re moving to a tax haven.