New York City Mayor Bill de Blasio’s eat-the-rich policies aren’t sitting to well with the city’s wealthy residents. According to Michael Goodman, a number of them are getting ready to flee the Big Apple for greener pastures, like Florida, where they won’t be treated like criminals.
Their narrative of evil winners and noble losers clears the way for self-heroic redeemers. They will deliver social justice by meting out punishment and spreading the wealth around. Their virtue entitles them to power.
It sounds like a comic-book view of life, but it’s the reality of liberalism today. And thanks to the de Blasio administration, New Yorkers are getting a bitter taste of its divisive nature. So much so that talk about quitting Gotham is surging in some circles.
One friend says 10 wealthy people have told him they are leaving and another says disgusted New Yorkers bought $1 billion in residential property in Florida since the November election. The Sunshine State confers an automatic tax cut of about 12 percent because it has no city or state income tax, nor does it have an inheritance tax.
Beyond taxes, the mayor’s open hostility is a factor. His insulting treatment of former Mayor Bloomberg at the inauguration remains a cloud over him. As one affluent woman, a self-described liberal, told me, “De Blasio hates me, so I hate him.” She doesn’t personally know him, but draws her conclusion from his words and deeds.
Read the whole thing. If wealthy New Yorkers make good on their threats to leave City Hall will lose out on their tax dollars that pay for essential services, and the arts and charter schools could lose funding as the philanthropists take their money elsewhere.