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Apple-Metro Chairman Zane Tankel on the impact of rising taxes in New York on the residents of the state.
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Near taxes are soaring and out 3.4 million people.
-- they're no longer New Yorkers that is how many have left this fine empire state.
Since around the year 2000.
And they've taken a lot of money with them -- -- 190 billion bucks with them.
Apple that determines a -- says this is all the proof you need that if you tax folks do much well they'll leave in a New York minute on.
Now -- -- the people who.
You're gonna answer is that -- -- but I take a different take on and viewing they I think the pyramid is upside down.
We have fewer and fewer people paying for more more entitlements.
If we were able to make it have a compelling reason for people to come to New York State and city.
I used the city as a model.
29%.
Increase in tech jobs over the last five years which is through that economic tsunami in that five years 29% increase in -- If we take that as a model in provide jobs for people.
Give -- a compelling the good jobs.
I need and use my restaurants as -- as an example.
We have to give people compelling reason to eat that restaurants be -- price be it service be it food be something of that nature.
This they have to give people compelling reasons.
To calm and force that you better yet.
And that have to be with job creation obviously but you -- have job creation and State's entire tax rates it.
You can but obviously -- more people on the entire on the dole won the state coffers Dole's.
The higher the taxes have that's what I mean by an inverse of pyramid the more your tac went.
These people goes in because there there's -- one for senators argue -- others -- -- -- The argument is -- did there's increasingly fewer places to hide because a lot of states have been doing chair.
But where where the rich guys -- I don't think it's just rich guys I think it's across the spectrum of Bob.
Both of all that I don't I don't like that 991%.
Analogy but I think it's across the spectrum of everybody they feel.
That the burden of the tax.
Which again is paying the entitlement the level of the unemployed where did audited and it nitpick -- that native of the death they go big -- capital will always find the most cost effective.
Place -- way so they go where it's less -- eat drink.
Live -- new York and obviously.
That boom boom and more we give a compelling reason for those people not to leave -- CEO good job.
Forget good -- jobs period the fewer.
Do we -- people that have to worry about.
Higher taxes because obviously -- we have fight people paying.
400 dollars each have 500 if you have one -- paying 500 dollars.
He's not saying do you ever get a new way to -- the argument that the rich should pay their fair share.
I don't get annoyed -- that it -- very candidly I.
But you know -- the same time it's not that simple it's it's it's a whole tax code it and there are incentives for the rich to reinvest.
If we don't keep of those incentives that they reinvest does that have a negative.
Affect that steam -- -- and is much worse off.
That if we give those incentives -- who -- we don't do that kind of stuff was happening in New York will be.
Repeated everywhere -- I'd absolutely absolutely.
And again and -- -- -- -- -- same nationally if we.
If we've sort of raising rates I think that I think the model if it is clear that obviously didn't less you fewer jobs.
The more people have to be taxed to -- for.
All those folks who don't have jobs and -- it's all about job creation that everything solves itself if more people are working.
Paying -- to the state coffers.
We can reduce those factors that can continue to have a -- from migration from New York.
Then there's fewer people paying those taxes in New York.
And fewer people raising the taxes as a result -- -- find this like quarter on the roof you know you see the water coming in right here.
But it's not the leak is in here it's all the way the other end of the house -- order will find itself that's the lowest level on the roof.
Same thing with capital whatever -- -- because I'm not quite handy is that -- and that's what happened I -- it goes downhill.
Name thank you very very much and it's -- it I would simply looked Elizabeth I'm always modeled a fact he.
He and so many restaurants -- statesman.
It's a means -- isn't -- there --
