Guest Post by Martin Armstrong
New York politicians have destroyed their economy and now are looking at raising the taxes on the rich even more. Carl Icahn moves hedge fund from NYC to Miami. Even Goldman Sachs is looking at sending its most profitable division to Florida. This is how the cities have self-destructed. They think that businesses and “rich” individuals are simply there for exploitation. New York City is outrageous and the state is so aggressive in taxes it is unbelievable. One client left New York and moved to Florida. His wife would return to visit friends. The state checked her cellphone calls and said she was still in New York without a residence and went after her and her husband for state income taxes. BEWARE, you cannot even visit New York again or use a burner phone.
Continue reading “Has New York Signed its Own Destruction?”
