Varney: New York is paying a big price for its economic incompetence


STUART: CARL ICAHN IS LEAVING NEW YORK, AND HE IS TAKING MOST OF IS EMPLOYEES WITH HIM. THEY’RE RELOCATING TO, FLORIDA. THE HIGH TAX, LARGELY DEMOCRAT-RUN STATES LIKE NEW YORK ARE PAYING A VERY BIG PRICE FOR THEIR DECADES OF ECONOMIC INCOMPETENCE. IT IS A MODERN-DAY EXODUS, AND IT IS BECOMING A FLOOD. THE RICH ARE LEAVING IN DROVES TAKING THEIR MONEY WITH THEM. SOME WHO SAY, GOOD RIDDANCE, BUT MORE SOBER DEMOCRATS ARE QUIETLY VERY NERVOUS. SO THEY SHOULD BE. CARL ICAHN IS MR. NEW YORK. HE HAS LIVED AND WORKED HERE ALL HIS LIFE. HE OWNS HOMES AND RUNS HIS BUSINESS HERE. THERE IS A STADIUM NAMED AFTER HIM. THERE IS MEDICAL CENTER NAMED AFTER HIM. HE IS WORTH OVER $17 BILLION AND HE IS HEADING SOUTH. IN MESSAGES TO HIS STAFF, HE WANTS QUIETER LIFE IN A WARM CLIMATE. HE REPORTEDLY TOLD ASSOCIATES IT IS TAXES PUT PUSHING HIM OUT. HIS ESTATE IS WORTH 17 BILLION. IN FLORIDA THERE IS NO ESTATE TAX. DAVID TEPPER, PAUL TUDOR JONES ARE ALREADY GONE. YOU CAN’T BLAME THEM. IF YOU MAKE GOOD MONEY IN NEW YORK CITY, YOU WILL LOSE 60 CENTS ON EVERY DOLLAR YOU EARN. SOMETIMES MORE THAN THAT THE IN A CITY WHERE THE MAYOR HAS NO TIME FOR YOU. HE WANT YOU TO PAY EVEN MORE. SO DOES THE GOVERNOR OF NEW JERSEY. SO DOES THE GOVERNOR OF CONNECTICUT. SO DOES THE GOVERNOR OF ILLINOIS. DEMOCRATS ALL. IF ANY DEMOCRAT WINS THE 2020 ELECTION THEY WILL TO AFTER EVERYTHING THAT YOU HAVE GOT LEFT. PILE ON THE RICH TIME. IT IS ALL THEIR FAULT. TAKE THEIR MONEY, YOU CAN SOLVE EVERY SINGLE PROBLEM. WHAT UTTER NONSENSE. IF TAX TO THE MAX WAS A SUCCESS, HIGH-TAXED STATES WOULD BE BOOMING, BUT THEY’RE NOT. LOW TAX REPUBLICAN STATES ARE GROWING FAST, TEXAS AND FLORIDA. THERE IS NO SIGN THIS IS GOING TO CHANGE. WE HAVE YET TO HEAR ANY DEMOCRAT AT THE STATE OR NATIONAL LEVEL SUGGEST A TAX CUT OF ANY KIND. MEANWHILE, MR. NEW YORK IS PACKING HIS BAGS. HE LEAVES NEW YORK MARCH 31ST, NEXT DAY, HE OPENS UP IN FLORIDA.

100 Replies to “Varney: New York is paying a big price for its economic incompetence

  1. Funny how everybody thinks there’s a good side and a bad side. So what he’s saying is that I should vote for Trump? Take a good look at his tax cuts. Does anybody seriously believe that no poor states belong to Republicans? They’re in charge of some of the poorest! If there is advice you should take it shouldn’t be someone born in United Kingdom like Varney. No Democrat or Republican will fight for you! It might seem like they will at first but they’ll let you down!

  2. TAX more on the rich ??? Stupid and brainless thing to do. Taxing more is the only way to become a socialist and communist. Good luck New york and LA.

  3. These democrats are disgusting they vote for higher taxes then when they affect them personally and professionally they exit. What disgusting hypocrites and that's saying it nicely!!!!!!! But they move and litter up the place they flew to with their destructive left wing policies. TRAITORS!!!!!!!

  4. oh well! knew that would be happening…should thank all the idiots that voted for AOC, have ignorant fools like NY mayor who sleeps more & works only 7 hrs/week as most times he's into his own world, have no idea how to run a city, makes all the idiotic wrong decisions & his sole idea how to raise $$ is to keep increasing taxes….even I as a ordinary citizen knows that taxing the rich, they'll take their $$ elsewhere, so who to tax next? ie how incompetent elected demrats bring their states to ruins…just look around & you'll see -everyone ie governed by one of those demrats the state/cities gets poorer each year they are in office.

  5. Ok but no talking about trumps tax on 500 billion chinese imports thats screwing over consumers. Just cus trump isnt taxing u directly doesnt mean its any diff in the end

  6. I don't like these rich people at all, they are pushing red states into blue states with their money and bringing droves of crazy liberals.

  7. The man is worth 17 billion and he's leaving because of high taxes .wow he was gonna be in the dog house very quickly. If he stays in new York. That's why he's rich he's a tightwad.

  8. NY and Cali are Democrat run and rotting on the vine yet Democrats get reelected by huge margins. FL and TX are Republican run and booming big yet the Republicans can barely get 52% of the vote. How is this possible in a rational world? The answer is simple this world isn't rational.

  9. I do have a good, fulfilling wonderful life but I am not a multi millionaire. Do I think the rich owe anyone their profits? No, I do not. The rich are entitled to every cent they make, they pay high enough taxes as it is and they don't owe poor students and other socialists a dime. Where in this world did entitlement take off so obscurely that people think others owe them a living? AOC and other libs like her are the most illogical, idiotic, greedy, maladjusted people on earth.

  10. Why doesn't New York simply arrest him and confiscate his money. That would not only keep him from hurting the state by leaving, but would also provides another seventeen billion dollars for much needed social programs. It would be a win win situation.

  11. a famous quote from a foreign diplomat….
    " socialism works great "
    " till you run out of some one else's money…."
    Margaret Thatcher

  12. The big expensive cities in the US are going to be like over flowing garbage cans in the future. Those that can will go but the rest will be left to fester in the mess. It will not be pretty!!

  13. Common sense Democrats love to tax the rich. The rich will move to avoid paying taxes. Taxes are the new form of slavery Democrats love raising taxes.

  14. Exactly what the green new deal and carbon tax will do, push out the rich and bleed the middle class until everyone is poor, democratic socialism to the rescue.

  15. Raising taxes isn't the answer. If states would stop squandering it by their corrupt leaders the states would have better, schools, roads, and jobs. Instead of wasting it on a state paid card, traveling, illegals, and other unnecessary crap things could be a whole lot better. They just want more to put in their pockets.

  16. Its ok just stay focus again and very soon in the very near future like tomorrow its a new day of success in new york

    New york is one of the bests cities in the world

    We love new york a lots so much

  17. I left Upstate NY about 17 years ago. I got sick and tired of being taxed by the citizens of the Rotten Apple. I miss my hometown but I've prospered since I left.

  18. Lots of left wing radical democrats are leaving high tax NY, California & Illinois and moving here where I live Dallas, Texas but they haven’t learned anything cause they still voting Democrat. This state will be ruined in 20 years if they dont wake up and vote Republican.

  19. The democratic hopefuls all think that raising taxes on the rich will pay for all of their give a way projects. These people and a companies will leave the country faster than Schumer running for a TV camera. After they leave they will have to tax all of those with a job at 60+ percent. Same they can't do math.

  20. He stated in an article, that he just wants a slower lifestyle and to enjoy the climate. He said he will still maintain a residence in NY. The man is old, to suggest that after his whole life in NY he would leave in his twilight years for property tax or to start a new business is simply ridiculous.

  21. I'm a Fascist, and right wing, but in Fascism it's better to tad the rich. Hell many rich guys pay next to nothing in taxes, I do think if rich people do try to cheat the tax system they should be locked up, maybe at least for a year. A good portion of rich today are rich because they done it for themselves, but many more than that are only rich because they were born in the lucky sperm club to wealthy parents. For example, Donald Trump Jr., Ivanka Trump, Eric Trump, and Tiffany Trump, never have had to live paycheck to paycheck. They've never had to worry about having to choose between paying for their rent, or food. They never had to worry about having to work 60 to 80 hours a week, just to get by because 1 full time job in America for many people isn't enough to pay the bills. They've never had to worry about a car payment, they never will have to worry about dying from lack of healthcare, because let's face it, in this country doctors and hospitals don't take care of people due to their health issues, they do it based on how much money they got. If I went to a hospital and needed surgery to save my leg after it's been shot, and Paris Hilton came in at the same time demanding an immediate boob job, guess who they'll take care of first? Yeah not me. When you're born into wealth you will NEVER know true struggle in your life, you'll never know what it's like to worry about putting food on the table. I despise NY and CA for their leftist borderline communist politics, but if I don't believe we should have rich oligarchs and corporations having on the power, especially when they donate to elected officials.

  22. Democrats cant keep a goldfish alive. The idea they run cities is laughable. They have no platform, nothing. All just children. Scum

  23. Those that leave must not vote Democrat when they get to their new destination or soon after they will be right back where they started with nowhere left to escape high taxes. About $22 Trillion has been spent in the last 50 years to "solve" all the problems society faces and yet the it is getting worse in many places, states with the highest taxes seem to have the biggest problems. Perhaps more money can't "fix" everything, it seems to make wealthier politicians though.

  24. What happens to New York when all the money leaves,? Will it become another LA? I hope Trump sells everything he has there and moves out. People who visited New York recently said crime is up, panhandlers all over the place. Food very expensive and streets are collecting trash from homeless people. Muslims have taken over Manhatten, and it looks like a foreign country.

  25. JUST DONT BRING YOUR STUPID DEMOCRATIC SOCIALIST IDEOLOGY WITH YOU WHEN YOU MOVE TO FLORIDA CAUSE YOU WILL BE REJECTED AND LOTHED!
    South Florida is already a Blue sewer.
    Respectfully yours. 😎🇺🇸🗽✝️🇮🇱👍

  26. You cannot blame only democrats but republicans too. Especially Mr. Trump and his followers. Including some of the media that follow his steps and defend his agenda and actions. They do it just for money

  27. I wonder about the voters of NY. Haven't they had enough of problems? It is the responsibility and privilege to vote for the right candidate who would be able to secure, prosper them. They seem to vote the same party like many other trouble cities run by the liberal politicians and hoping to see the positive change. I truly wonder about their intelligence.

  28. Just unsubscribed, this is very misleading. The rich never need to move for tax purposes, they had corps registered in other states like Delaware and pay much less than the average new yorker.

  29. Meanwhile Californians are leaving to Texas . But they “hate” republicans. Sheeesh once they devour everything they move on to another location .

  30. Great these ppl who hate the dem policies will go somewhere elae and vote dem turning those booming republican places to dumps like the dem lead place they left.

  31. New York Governor are really stupid Carl icon loves New York. And for him to pull out says a lot about the democrats money grabbing scumbags! You go Carl I don’t blame you one little bit!!!!

  32. As a Floridian, I don’t want them and their employees if they come here and vote blue and mess up my state. 🤦🏾‍♀️
    I hope they have better brains then that.

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