New York is in a Death Spiral

Today's podcast, I want to focus on the election in New York State for the 21st Congressional District, the one that was previously held by Elise Stefanik.

who was widely loved within the district and throughout the state, actually.

I think this is an extraordinarily important election coming up.

Very, very important.

Why? Because New York State has been burdened for a very long time with one party rule.

There's only one party in this state, in the governor's mansion and in the legislature.

It's all Democrats.

Half the judges, or more than half the judges in the state, by the way, are Democrats as well.

Look at what we have.

We have a state that is circling the drain.

The state's literally in a death spiral.

We have people moving out because they can't afford to live in New York State.

They're moving to places like Tennessee, Texas, and Florida, where taxes are much lower and affordability is much more favorable.

But this one-party rule is really... really choking the state.

And as I said, I believe the state is circling the drain going down.

Now, just think about this for a second.

If people leave the state, they're taking with them their tax money.

So they're not contributing to the state coffers.

By leaving the state, they're going to give their tax money to other states that may actually have much lower taxes.

And So what does that do? It increases the burden, the tax burden on those of us who remain in the state, the once empire state, which a lot of us love.

It's a beautiful state, wonderful state.

So the higher the tax burden goes, the more people are going to leave.

So you have really a closed loop.

You have people leaving, taking their tax money with them and enriching Florida and Texas and other places and causing the remainder of those in New York State to have to pay even more taxes to pay the bills.

And just for the sake of understanding how high the taxes are in New York State, New York State has literally double the amount of money that we spend for running the state than Florida does.