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Republican NYC Mayoral Candidate John Catsimatidis on the unintended consequences of tax hikes.
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Welcome back Wall Street honor roll but more Wall Street companies.
Are rolling off the Florida the Dow -- spiking above 141000 for the first time in more than five years.
But more financial.
-- packing up and Wilmington look at places like Florida my next guest running for near city mayor as a Republican.
Billionaire businessmen Jon -- and a T this is here at me now.
Make of this trend.
But it's unfortunate.
The southern states whether it's Texas was a lot about doctors who moved to Texas to -- There's a cap on what to get -- flow.
And Florida has -- -- personal income taxes.
It's a natural trend people.
Whitman when they're making over 200 -- 2000 -- here.
This spot.
And the Smart people say well.
Maybe -- move.
It's not like this stuck in -- -- don't have the ability.
Could get another job or what -- job is on the computer.
Yeah and if there's always have a telephone listen cellphone in a computer that can be anywhere.
Offensive to -- Basically people hurt we were able to -- the upper bracket can re -- their tax bill that's what you're saying.
And it's not just the story of golfer Phil -- consent or Nicholson or -- Serena Venus Williams leaving California.
It's companies like Goldman Sachs Deutsche Bank UB ST Rowe price the big players on Wall Street setting up shop.
In low tax states like Texas.
And Florida weirdness is -- -- -- at least states like New York's new York and California.
Well it could leaves him in trouble because.
You -- Ability have been doing is raising taxes now we have Governor Cuomo that's trying to put a lid on that which is a little bit helpful.
But if we have a new CB's.
Of may use in New -- that's what I wanted reasons I was running for May yeah.
Chris they have to learn you can't just if you have a billion dollar problem -- -- can't say oh just raise taxes we'll just raise fees.
Will just raise parking tickets.
You know people reach a point where enough is enough so.
Unless we get the right management -- in our city government.
In -- state governments and that trend is to increase.
And it's gonna hurt eventually you're gonna reach a point where it's.
What's -- I'm in the wake up call hasn't yet to be answered right I mean you're not hearing that wake up call.
You know really taking off in places like Albany, New York -- in Sacramento California right.
Not really.
And and it's slowly.
There's that the I think in New York State we've had.
Three and a half million people.
Leave in the last ten years.
And only two point one million people came with it so you have a net outflow banana and a lot of it is in New York City.
People who Republican Party SP why can't we get a Republican person -- and east side of Manhattan Italy's.
Well to do folks but they got two apartments here.
But nobody -- Interesting yeah they had their profits there but they're not here yet not yet elsewhere then there in the Florida there -- someplace else interest thing but they they love to have to go there it is maintaining their investment here is right -- -- everything is -- the California weather are the lifestyle.
-- spent just not worth the higher price tag may -- the great cultural things and -- of doing York city may be that that's.
The math that the upper brackets are doing this is not worth the price anymore is that what's going on to.
Either that or they'd like to -- joy into hundred navy.
Less than a 186 days -- would of the rule is.
-- -- -- leaning into the attacks were unintentional but yes -- -- pay taxes at -- hundred anything plus.
Spending -- so ill but then -- to cities also welcome to Texas -- the weather isn't so great.
Maybe it -- southern parts of Texas like living on the surface of the sun but you know Texas has no taxes in that state and you know what's interesting.
Rick Perry has been tweeting up to Phil Mickelson the golfer hey come on our Texas would love to have you well.
And I I why would when.
Chris Christie was governor of Florida.
Woody Johnson had a nice little cocktail party for him and a bunch -- New Yorkers what's written.
His opening line was both thank you to the New York politicians that are raising taxes so much that we're getting a bigger -- flow -- flow.
Interest thing what do you make of -- also listen you have the mayor of New York City doing things like of course the big soda.
Guzzler ban -- -- of really focusing on things that the state needs like better infrastructure in the wake of hurricane sandy.
I mean -- they had the heads in their politicians lost their way -- sent such micro managers that they've lost the big pick.
Churches know we have too many professional politician what do you mean politicians.
Politicians -- -- -- politicians.
-- What I wanna do is get more business people more.
-- -- you know people would vision.
To become politicians that know how to fix problems.
But they don't wanna go through that whole rigmarole of that -- -- -- drilling into their life they have their backgrounds right that's the problem.
So maybe who need -- -- -- through OK it's not a -- -- Jon -- imitated so good to be with you -- are you running for mayor -- that you aren't you know as a Republican thank you so much at times they're really appreciate you that next up.
