New Yorkers Flee High Taxes

A political shift in New York, marked by the rise of socialist policies and the election of Zohran Mamdani, is prompting significant migration trends. Mamdani's tax proposals targeting millionaires and corporations have led to concerns among affluent residents and business owners, prompting them to consider relocating. Texas Governor Greg Abbott and New Hampshire’s governor are both addressing the influx of New Yorkers, with Abbott threatening tariffs and New Hampshire actively recruiting businesses. Florida Governor Ron DeSantis is also contemplating how to manage incoming New Yorkers, as many seek homes beyond traditional destinations like Florida, including upstate New York.