Posted on 12/28/2013 8:42:28 PM PST by Hojczyk
New York, whose status as the most populous state has long been ceded, will soon fall behind Florida into fourth place, a long-anticipated drop that is rife with symbolism and that could carry potentially serious economic consequences in coming years.
Additionally, notwithstanding the tax benefits that Cuomo is offering businesses who meet certain conditions, there are plenty of other economic reasons why moving to New York isn’t going to be appealing either to businesses or individuals.
Tax rates for individuals are far higher in New York than they are in Florida, for example, even in places where the upstate areas, where the cost of living is far lower than the areas in and around New York City.
Employers may find it hard to recruit the right kind of people for the jobs they need even though Governor Cuomo’s program seems to be based around trying to get businesses to move to areas close to locations of campuses of the State University of New York, obviously on the theory that these schools would provide a good recruitment class for high-tech industries most especially.
Finally, of course, there’s the question of just how much they can trust that future state legislatures or Governor’s won’t find it necessary to take away those tax breaks that are supposed to last ten years, or require businesses to certain regulations in order to continue receiving them.
When faced with those issues on one side of the ledger, and the possibility of starting a business in a state like Florida that has a long history of favorable tax rates and a political culture that makes it unlikely that there will be massive tax increases in the near future, it’s easy to see why businesses might be skeptical about making the long trek to Rochester or Buffalo.
(Excerpt) Read more at hotair.com ...
Let’s see, the state of NY has deliberately refused to participate in the oilfield fracking boom that would have enriched its farmers/landowners and brought in thousands of high-paying, low-skilled roughneck oilfield jobs...
...and the city of NY has banned butter and giant Coke drinks.
Then you’ve got taxes and unions...and multiple overlapping government regulatory bodies.
Plus, Winters suck there.
Gee, why would workers and businesses leave NY?!
No business or hard working productive worker willingly wants to move to a high tax, high regulation, insane public union goon controlled and long term democrat ruled state.
Only the leeches of the free sh*t army like that kind of state.
Drill from Pennsylvania. Use horizontal drilling
and, don’t forget that a job in upstate NY pays less than that same job many other places.
taxes way way too high to permit much attracting of capital or business or jobs to NY
same problem Californicate and Taxachusetts have
and even, to a somewhat lesser degree, Michigan and Illinois
hint: business jobs and capital go where the investments pay off. if you have to give most of your profits to a state and.or local government — then that leaves a whole lot less return on your investment... and (usually, absent special factors) you
will simply take your money and jobs elsewhere.
Think, Texas, Florida, ....
My business has brought me to many cities around the USA, as well as around the world, but I have never flinched in my final analyses to remain and retire in my present home..
I gave New York three chances to convince me to relocate there, however, aside from the arts and entertainment, the headquarter Financial center, and incredible food, everything else really sucks.. EVERYTHING ELSE!
Same goes or the West Coast, save the weather.. IT SUCKS BIG TIME..
Texas has spoiled me, THANK GOD FOR TEXAS..
We see enough New York license plates down here in Pennsylvania, so it would only be fair.
The revolution started over taxes….now they take 50% and all is quiet….this country is doomed..Canada is miles ahead..they have cold weather all the time...
I heard a NYS commercial I think on WABC77 radio that said that NYS would waive taxes for ~ 10 years to some businesses that move there, but we know its not all taxes.
Wouldn’t that be ‘giving tax subsidies to the rich’ ??
The only jobs that will be left upstate NY will be on the apple farms.
Cant NYS put up a wall like East Berlin did to keep its best and brightest from fleeing?
The sad thing is that the NY-ers will take their liberal voting patterns with them and create the same messes in their new states.
Here Are the 10 Freest States in the U.S. (And the Least)
Mar. 28, 2013(blaze link)
Freedom in the 50 States: New York(youtube vid, linked from blaze)
Expanding marriage to gays is freedom?
I can remember going on my first “girl’s weekend” with my family and friends to NYC in 1983. I was shocked at the price of clothing. The price of a Ralph Lauren khaki skirt in Manhattan was $100 in the department stores. At home.....$40. It was the TAXES that made the price so high.
Yeah but Cali has totally bitchin' weather, dude.
Yup. Be on the lookout. If it only affected those in other states on here who come on to articles and voice Schadenfreude over disasters or other New York tragedies I wouldn’t mind as much. But it doesn’t. So with your welcome of the newcomers, let them know how things are done where you are and invite them to find somewhere else if they don’t like it.
Coumo might have to switch to Plan B and fine people for moving from that communist hellhole.
Maybe he'll put up a wall and a minefield to boot.
The apparatchiks can only drain so much from Wall St, anybody with half a brain is escaping while they still can.
Moscow on the Hudson is about to collapse, just like Detroit.
Beaches, deserts, lush forests of redwoods, mountains, fertile valleys, rivers, lakes, and California girls...
I married one.
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