If you haven’t seen lately for the last year or so all of the TV commercials noting the perks to small businesses if you open in New York for the first 10 years. This type of thing is done in third world nations all the time, for example Panama has a very similar thing for Americans to come and live, no taxes for a while, ability to bring a new car every two years with no penalties and so on. The New York left has screwed up over the years the same way Europe screwed up and anywhere else where they suck the money out of the residents in every humanly way possibly. As a fellow New Yorker, I would love to move back to Long Island NY, however with the hemorrhaging real estate taxes, they make it impossible. The current people running New York think that by eliminating the first 10 years taxes from small business is going to draw people they are mistaken.
The problem is much deeper than 10 years small business benefits
A couple of things implemented by the left over the last decade or so to start with as stated above is real estate taxes through the roof in comparison to other states especially red states. Second they need to look at state income taxes which is a big concern for many small business people. Think about it, why would a small business leave a non state income tax state to relocate to NY when they will get killed in real estate and state income taxes alone. The next huge problem which was televised today on Fox Business is that tolls will be rising on a national scale. New York has raised its tools so badly that it costs some people half there paycheck daily just to drive over the bridges which may not seem like allot but compared to Florida it’s huge. So those 3 things alone are tremendous to stop people from moving back to New York in order to open businesses but yet the left continues to put TV commercials in order to attract them. They need to understand that if a small business is successful the owners are usually intelligent and think about all the other factors that left NY with a smaller population than Florida today.
People have scattered away from NY over the years, just like Europe continued to add policy that monetarily kills the people ie; raising taxes to 75% on millionaires or businesses among other detrimental policies. Almost like they want to trick people into going back to NY by telling them they will do this one small thing for them. take a look at people against crony capitalism about the people fleeing Illinois in order to find safe places to raise the family and safe for business.
It drives people away to never come back, the people scatter like roaches after a nest getting sprayed with Raid. They leave and they never come back, once you get a bad taste in your mouth that’s it, its over and NY needs to realize there are no second chances. Personally, I love Long Island or upstate NY and would never even consider it again after tasting what a red state has to offer as far as cheaper tolls, cheaper real estate taxes, much lower cost of living. Life is too short to make major life changing mistakes like that.
Chinese immigrants actually lining up to leave the states as this whacky policy continues
Over the past decade people have left the entire USA since it is not that hard to see what direction it is heading. Problem is it seems as though the world is in the same boat and doing the same type of control policy that the US is implementing daily. However at this time the opposite effect is taking place, as the USA becomes more third world immigrants are realizing they can live much more comfortably in their perspective countries. They were fed a bunch of garbage before coming like the USA is the golden door to opportunity as it was over a decade ago before crippling policies such as Nafta and before we demolished all manufacturing. The Blaze writes about how immigrants are leaving. The American dream is dead and those of us entrepreneurs have to stay strong and creative in order to continue to build while blocking all the negativity around us.