Speaker 1: For years, I have told you that wealthy taxpayers don't
Speaker 1: just sit there and pay higher taxes. The rich will
Speaker 1: always escape high tax states and high taxes because they
Speaker 1: can now. Chris Edwards, a Cato Institute tax expert, lays
Speaker 1: out the evidence to confirm it. The Democrat governor of
Speaker 1: New Jersey just raised taxes on the top income bracket there.
Speaker 1: To result, the top income bracket is joining the tax
Speaker 1: freedom exodus. Wealthy residents are waiving goodbye to California and Washington,
Speaker 1: notorious for high taxes. Connecticut lost multiple multi billionaires after
Speaker 1: the Democrat governor raised taxes there. New York's governor Andrew
Speaker 1: Cuomo admits that his state is losing high earners to
Speaker 1: low tax Florida, but he says it's because of the weather.
Speaker 1: It's only gonna get worse, says Chris Edwards. The Republican
Speaker 1: tax plan capped state and local tax deductions, so twenty
Speaker 1: five million high income families now bear the full tax
Speaker 1: burden of their high tax states. They're gonna just sit
Speaker 1: there and pay it. As more wealthy people leave, what
Speaker 1: will Democrats do well, They'll raise taxes on those who
Speaker 1: are remaining, because they never learn and then they'll raise
Speaker 1: taxes on transportation, and e raise taxes on your bananas,
Speaker 1: and they're gonna raise taxes on the air that you
Speaker 1: breathe before it's all said and done, so don't hold
Speaker 1: your breath. M