CAL THOMAS COMMENTARY MARCH 23, 2026
THIS IS RICH! NEW YORK GOVERNOR KATHY HOCHUL IS BEGGING WEALTHY NEW YORKERS WHO LEFT THE STATE AND CITY OF NEW YORK FOR FLORIDA AND OTHER LOW OR NO TAX STATES TO COME BACK. ARE YOU READY FOR HER REASON? IT’S BECAUSE THE TAX BASE HAS ERODED.
THINK ABOUT THIS. THE TAX BASE HAS ERODED BECAUSE NEW YORK STATE AND NEW YORK CITY HAVE THE HIGHEST TAXES IN THE COUNTRY. AND SO THE WEALTHY ARE LEAVING AND TAKING THEIR MONEY WITH THEM.
IF HOCHUL AND NEW YORK CITY MAYOR ZOHAN MAMDANI WANT THE WEALTHY TO RETURN THEY SHOULD CUT TAXES, NOT RAISE THEM. THIS WOULD INSURE MORE REVENUE FOR THEIR GOVERNMENTS. THEIR PROBLEM – AS WITH ALL DEMOCRATS AND SOCIALISTS – IS THAT RAISING TAXES IS IN THEIR DNA. NO MATTER THE PROOF OF WHAT HIGHER TAXES DO TO THE BEHAVIOR OF PEOPLE WHO HAVE OPTIONS, THEY DO IT ANYWAY AND NOW CRY THAT THEIR REVENUE BASE IS BEING ERODED.
THEY MUST NEVER HAVE TAKEN AN ECONOMICS CLASS IN SCHOOL. IF THEY RAISE TAXES AGAIN, EXPECT MORE TO LEAVE AND THE REVENUE TO GO WITH THEM. I’M CAL THOMAS.
