During a recent public appearance, New York’s Democrat Governor Kathy Hochul admitted that the state is in dire straits due to the fact that so many wealthy people have fled to other places. She is begging them to come back and help fund the state’s ‘generous’ welfare programs.
One of the main points of separating the country into states was to inspire competition. The idea was that states that delivered more for less would benefit from increased population and the tax dollars that went with it.
Hochul is admitting that New York is losing this race. Red states like Texas and Florida do not need to beg people to move there. People do it voluntarily because it’s a better deal for their hard work and tax dollars.
Politico reports:
A state budget fight over raising taxes on rich people and corporations is becoming a litmus test for how power is wielded in the Empire State’s capital — and pitting Gov. Kathy Hochul against New York City Mayor Zohran Mamdani.
Democratic state lawmakers this week formally proposed tax hikes that Hochul does not want, but are central to the democratic socialist mayor’s costly agenda…
The governor on Wednesday told POLITICO she wants “a system in place where it’s not just taxing for the sake of taxing” and to avoid further erosion of New York’s wealthy tax base.
“I need people who are high net worth to support the generous social programs that we have in our state,” she said.
Watch the video below:
Kathy Hochul making a weak plea for wealthy people who have left New York (to red states like Florida) to come back to pay their high taxes to fund failing (unaccountable) social programs:
“I need people who are high net worth to support the generous social programs we have in… pic.twitter.com/7quhsFyWyn
— Matt Whitlock (@MattWhitlock) March 18, 2026
In other words, Kathy Hochul is already running out of other people’s money.
It’s the same thing we see happening to California. You can only tax people at an extremely high rate without delivering for so long. Eventually, people are going to pack up and move to a state that charges lower taxes and delivers more services and freedom.
Hochul’s biggest problem right now is NYC Mayor Mamdani. Just as she is begging people to return to the state, Mamdani is doing everything he can to raise taxes on people living in the city. That’s just going to drive more people away.
