Rush Limbaugh Jun 14, 2019 - podcast episode cover

Rush Limbaugh Jun 14, 2019

Jun 14, 20192 min
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Episode description

Rich Millennials are moving out of New York due to the high rate of income tax..  They are moving to states like California for jobs in the Tech industry and states with low or no income taxes like Florida and Texas.

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Transcript

Speaker 1

At Stifle, we believe investment advice is about more than helping you manage your wealth. Our investment advice is about you. It's about realizing your dreams may become a reality because you have a plan. We believe in you find your new Stifle financial advisor at stifle dot com. That's s T I F E L Steph Nicholas and Company Incorporated member s I P C and n Y S E.

State of New York is hemorrhaging rich millennials. According to a new study, more high earning young people are packing up and getting out of New York than any other state. One destination is California's high paying tech industry, but states with low or no income taxes like Florida, Texas washing the state in Colorado, they're also attracting rich millennials. They figured out that keeping more of what they earn isn't selfish,

it's smart, and it's good Now. Fiscal observers say the overflow of these wealthy millennials could have dire consequences for New York because they pay the lion's share of taxes the state depends is on their revenue. Now, will the liberals who run New York change their tax and spend ways to try to keep the millennials from leaving No way. I'm a fiscal observer too, and here's what I've noticed. Just a few years back, the news was about how

desperate millennials were. They were living with mom and dad, they couldn't find jobs. They were convinced they'd be the first generation not to experience the American dream. Climate change, They're gonna wipe them out the Obama years. Now we're getting stories about how rich they are in the Trump years, what a difference one election can make. Are they smart enough to realize what happened to them? These rich millennials, I mean

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