And when you increase someone's taxes by 51%, aren't a lot of people gonna leave? We're saying we're increasing it by 2% of what it is right now. And ultimately, I'm guided by the facts. The Fiscal Policy Institute did an analysis of the top 1% of New Yorkers and found that they leave the city at one fourth the rate of other income categories. And when they do leave, they leave to what are called high tax states. New Jersey, California. So what it then comes down to is why are they leaving? (06:19–06:28)
CLAIM
Asserts that the top 1% of New Yorkers leave the city at a lower rate than other income categories.
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