Cuomo's woe: More taxation means more out-migration

Just as the emerging socialist superstars of the Democratic Party have begun to reveal their radical plans to radically tax the wealth, estates, and incomes of America’s top earners, New York Gov. Andrew Cuomo has finally faced the music of his own wild taxes on the wealthy.

As it turns out — and as it always will turn out — punishing economic success comes at a cost. New York’s progressively punitive tax rates lost the state $2.8 billion in income tax revenue, and Cuomo himself is blaming it on the mass emigration of millionaires and billionaires.