[bobsomers]

> But if they do choose to leave, or at least stop expanding their businesses, you can’t deny the rational self interest

"If you tax the rich, they will leave" is a myth created by the rich so that you won't tax them.

In the middle of the 1900s, the tax rate on the wealthiest Americans was 91%.

Nobody is going to leave over Mamdani's extremely modest proposal.

[burnerthrow008]

> In the middle of the 1900s, the tax rate on the wealthiest Americans was 91%

You forgot to mention that only half of capital gains were subject to tax. So the highest marginal rate was 45.5%.

[jibal]

The maximum effective rate on long-term capital gains was 45.5% but the top marginal rate on ordinary income was 91%.

In any case, this is all a major deflection resulting from the lie that the low job creation rate is due to "the threat" of a possible future mayor rather than tariffs.

[mxkopy]

This statement is also supported by the fact that despite the relatively high taxes in NYC billionaires will jump through all loops necessary to effectively still live there just not on paper