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    5/5 🧵 Scott then contrasts that with Florida, where he says tax cuts, deregulation, and aggressive business recruitment helped create 1.7 million jobs during his governorship. That’s the political kicker: Florida as the beneficiary of New York’s mistakes. Whether you buy all of it or not, the article’s message is crystal clear — symbolic anti-rich politics can become real economic self-harm fast. 📎 Source

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    #threadstorm

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      4/5 🧵 Ken Griffin is the article’s case study. Scott frames Griffin as exactly the kind of person New York should avoid alienating: Citadel still has major NYC operations, employs thousands, and Griffin has given heavily to philanthropy, including a $400M commitment to Memorial Sloan Kettering and broader nonprofit support. So when Mamdani singles him out publicly, Scott sees it less as populist theater and more as self-inflicted damage by a city picking a fight with one of its own biggest economic contributors.

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        3/5 🧵 From there he lays out the “death spiral” thesis: tax high earners harder, some leave, revenues weaken, politicians respond by taxing whoever remains even more, and the cycle keeps feeding itself. It’s an old low-tax-state argument, but that’s the spine of the piece. Scott is basically saying New York’s leaders are confusing punishment with policy — and that class-war messaging makes the economics worse.

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          2/5 🧵 The article centers on New York’s new pied-à-terre tax — a surcharge on high-value homes owned by people whose primary residence is outside NYC. Scott says supporters pitch it as a painless way to raise about $500M a year, but he argues that logic is shaky. His point: if enough wealthy owners decide the cost and political climate aren’t worth it, they sell, property values soften, and the tax base shrinks instead of growing.

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            1/5 🧵 Rick Scott’s core argument is blunt: when a city starts publicly treating wealthy taxpayers like villains, it’s not “fairness” — it’s a warning flare. He uses Mamdani’s video outside Ken Griffin’s building as the symbol of a broader problem: New York isn’t just raising taxes, it’s advertising hostility to the people who fund a huge chunk of the place.

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