When high-income earners and wealthy companies leave a region, they take their tax contributions with them, potentially causing significant economic decline if the region fails to implement retention strategies.
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Is New York DOOMED? Trump on Companies & Rich People LeavingAjouté :
It's terrible things are happening.
However, we have to take the good with the bad.
Companies are leaving, rich people are leaving, people that pay a lot of money.
All these rich companies, big, fat, beautiful companies.
They pray They have jobs and they have money and they're taking They're leaving and nobody's stopping them from leaving.
New York can never If we don't stop this and I'm for you and I'm helping you in Washington much more than I'm supposed to be helping you. I believe me. New York can never be the same if it's losing its tax base and the people that pay 85% of the taxes are leaving.
>> [cheering] >> And we're taking in illegal immigrants.
Oh, they're wonderful people, NO, BUT THEY'RE NOT PAYING any tax They're taking your money. Ay, ay, ay.
They're taking your money.
The people that pay 85 to 90% of your taxes are leaving and you know when they go, they never come back. They never come back. Nobody calls them, nobody does anything, nobody talks to them, nobody says, "Please don't LEAVE.
WE'LL GIVE YOU A TAX A BIT WE'LL DO ANYTHING. Don't leave." But they're leaving. They're going to Florida, they're going to Tennessee, they're going to Texas.
They're going to South Carolina, North Carolina. They're going all over the place, but they're leaving and we can't let it happen. It's a great place. We can't Bruce will stop it, Mike will stop it. They're all going to stop it.
>> [cheering] >> They'll bring them back.
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