New York’s Fiscal Suicide
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New York is ranked #50 in the
Economic Freedom of North America.
New York is ranked #48 in the
State Business Tax Climate Index.
New York is ranked #50 in the
Freedom in the 50 States.
New York is next-to-last in measures of inbound migration.
New York is ranked #50 in the
State Soft Tyranny Index.
The good news is that New York’s politicians seem to be aware of these rankings and are taking steps to change policy.
The bad news is that they want they apparently want to be in last place in every index, so they’re looking at a giant tax increase.
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(Bloomberg)
Yang, 46, the entrepreneur and former U.S. presidential candidate, reported 15,600 donors and is eligible for 8-to-1 matching funds on more than $570,000 small-dollar contributions from city residents, the memo said. Candidates who participate in the city’s public campaign-finance program are eligible to receive as much as $2,000 in public funds per contributor.
The numbers “quantify how New Yorkers are drawn to the hope that Andrew promises following a year of isolation and loss,” the memo from Yang’s campaign said. “It’s not just his name ID. It’s about him. People like Andrew and they are rooting for him like he’s rooting for New York.”
With a 7.57% fall seen by the major airline industry, this was the second worst performing industry yesterday. The top 5 major airline stocks on the NASDAQ and the NYSE, in terms of volumes, yesterday were:
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Alexandra Wilkis Wilson, co-founder and managing partner, Clerisy
Where do you see Miami’s startup scene five years from now?
Miami’s startup scene has been growing and evolving over the past 5+ years thanks to local organizations supporting entrepreneurship including, but not limited to Endeavor Miami, The Knight Foundation, The Lab, Rokk3r Labs, eMerge Americas, Miami Angels and Wyncode. Many of Miami’s entrepreneurs, investors and startups have historically had ties to Latin America. I think going forward, the Miami tech scene will certainly continue to be a conduit to Latin America as it has been in the past. However, I predict more non-Latin American founders, investors, engineers and operators from cities like New York, LA and San Francisco, will also choose to build their businesses in Miami due to higher quality of life and more attractive tax rates. This dynamic will bring more relevant talent and a larger, more robust tech ecosystem to South Florida.