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RE: LeoThread 2025-11-07 02-39

in LeoFinance12 days ago

Part 6/12:

Multiple speakers emphasize that raising taxes on businesses and the wealthy doesn't generate the revenue proponents hope for—instead, it incentivizes relocation to states like New Jersey or elsewhere with more favorable economic policies. The historical record, including failed attempts in California and other regions, supports this view.

The Voter’s Dilemma: A Misguided Faith in Free Offerings

Many residents voted for the new mayor, enticed by promises of "free" services and the promise to tax the rich. However, the speakers suggest that such promises are misleading; these policies are economically unviable and will ultimately hurt the average citizen.