Driv­ing out the wealth

The Washington Times Weekly - - Letters To The Editor - ARTHUR HORN East Wind­sor, New Jersey

Fox Busi­ness re­ported re­cently that 5,700 mil­lion­aires left the New York City-New Jersey area in 2018 be­cause of high taxes. And that num­ber could in­crease in 2019 be­cause many “pro­gres­sives” are call­ing for even more tax in­creases.

If they get their way, the com­pet­i­tive na­ture of those ar­eas will de­crease even fur­ther. Since high taxes shrink the tax base, in many cases we have reached the point where rais­ing taxes is coun­ter­pro­duc­tive.

Un­for­tu­nately, this les­son has not reached Rep. Alexan­dria Oca­sio-Cortez, the newly elected Demo­crat So­cial­ist con­gress­woman from New York City or Sen. Bernie San­ders, the so­cial­ist from Ver­mont.

They are propos­ing even higher taxes for Amer­ica. If such rad­i­cal ac­tions are im­ple­mented, the re­sult will be equally bad for our en­tire na­tion.


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