This argument is used again and again and I wonder: Why do "people with money" stay where they are when there are countries, islands, even just states where there is less taxes to pay?

This specifically targets people who don't live in New York though (and thus don't pay income tax).

Wealth follows an extreme power law. This tax is pennies to those who will pay it.

If I tax you one cent would you budge? This is what this tax amounts to the ultra wealthy.

Real Estate can't move out of New York. Someone else would have to buy it.

Sounds like a great way to lower housing costs.

I think there is a real argument here that everyone will love to yell at you. Same thing happened with California. Its always a balance -- if the tax is too much people will leave, if they get the number just right in that its a nuisance and not material they will stay.

Though when you start engaging with the bots they can't handle the nuance.