New tracking project reveals $37B income shift as Mamdani eyes mayor’s office

New York City also appoints the potential elections for socialist socialism. Zahran MamdaniA new initiative by the non -profit committee to launch prosperity is to highlight a remarkable contrast. The project follows an increasing number of Americans who are moving to the southern states that are drawn by declining taxes, fewer regulations, and policies that support growth-to stay away from the very economic model promoted by Mamadani.

“If Mamdani is elected and moves forward by pledge to raise the highest income tax rate in New York City, we will see the largest migration of wealth and workers from the city in history,” Steve Moore, the co -founder of prosperity, told Fox Business. He added: “The vote with your feet site shows that countries and cities with high income taxes lose tens of hundreds of billions of dollars from income due to the transportation of trucks that are transferred to cases of non -income.”

Public grocery stores in Mamdani may have devastating effects on the city’s supplies in the city

Moore, who previously worked as an economic consultant during the president Donald Trump The 2016 campaign, Fox Business, told New York City’s financial dominance.

Depending on the data of the Tax Authority and the statistical office data, the “voting with your feet” interactive website reveals a fixed flow of taxpayers from states such as California and New York to low tax destinations such as Florida and Texas. The project reveals that between 2012 and 2022, nearly 400,000 people moved from New York to Florida, where they achieved more than $ 37 billion of income, according to the data that was unleashed.

Likewise, the project explains that during the same time period, more than 350,000 people from California moved to Texas, where they achieved nearly $ 21 billion in income with them, according to the data that was unleashed.

An interactive map from the “voting with your feet” movement from California to Texas. (Committee for the Promotion of prosperity / Fox News)

He warned that Manhattan might lose their grip in Wall Street, as major financial institutions are increasing cities such as Dallas and Miami due to low taxes, lighter regulatory environments, and business -friendly climates. Moore suggested that this transformation reflects broader concerns among companies about the increasing costs and the anti -business feeling in New York.

Wall Street executive officials have emerged as some of the most prominent critics of Mamdani’s economic agenda, which also include free buses, city -owned grocery stores, and freezing the residents of the population in straight units.

Mamdani’s campaign did not respond to the Fox Business request for comment.

How can people save taxes by moving to Florida?

Republican ruler Glenn Youngin from Virginia said that his mandate would welcome what could become a fixed flow of the residents of New York City.

“If the municipal elections in New York City go the way you will look, you have already booked an advertising board saying:” Stop midway to Florida on I-95 and you will be at home. “

Experts say the rental freezing plan in Mamdani may increase housing costs in New York

In addressing the issue directly, youngkin warned of the broader economic effects of the loss of the population.

“If you have fewer people in your jurisdiction more than you have yesterday, your mandate is heading in the wrong direction,” said Yongkin. “When these people take their money with them, and this money represents an inconsistent amount of economic activity in your state, you are facing a great challenge,” he added.

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