Staff Reports
In a recent interview, New York City Mayor Eric Adams expressed concern over the exodus of working-class people from the state and the potential loss of the high tax base that supports important services like police officers, teachers, firefighters, and street maintenance. Adams acknowledged that New York is already one of the most heavily taxed states in the country and emphasized the need to find the right balance between generating revenue and not driving away taxpayers.
As a conservative writer, it’s easy to see why so many working-class people are leaving New York. The state’s high taxes and burdensome regulations make it difficult for hardworking individuals and families to make ends meet. The fact that just 2% of New Yorkers pay over half of the taxes is a clear indication that the tax burden falls heavily on the wealthy, which ultimately drives them away to friendlier tax states.
“We are one of the highest-taxed states in the country outside of California… in general, 2% of New Yorkers pay 51% of our taxes.” https://t.co/t0QBYeAbzK
— Breitbart News (@BreitbartNews) January 11, 2024
It’s refreshing to hear Mayor Adams acknowledge these concerns and recognize the importance of maintaining a strong tax base. However, it remains to be seen if he will take the necessary steps to address these issues. Simply put, raising taxes on the few remaining high-income earners is not a sustainable solution. It’s time for New York leaders to come together and find a fair and balanced approach to taxation that encourages economic growth and job creation, rather than driving taxpayers away.
