It doesn't even make sense economically. Tax the rich. We are losing rich people in New York City, New York State. They are moving. That's not a hypothesis. That is a fact. You increase taxes on the rich, you will accelerate the reasons for them to leave the state for lower tax jurisdictions. That is a fact. I understand the political appeal to the socialist. Tax the rich because the rich are evil. The rich are bad. Millionaires. We hate millionaires. You know what? (06:58–07:07)
CLAIM
Asserts that increasing taxes on the wealthy will accelerate their departure to lower-tax areas.
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