Billionaire NY Independence Party founder fleeing Democrat NY for GOP Florida.

How did that third-party thing work out for you, Mr. Golisano?

Apparently, $1 million more a year was $1 million too much:


ALBANY — New York billionaire Tom Golisano is taking his big bucks elsewhere.

Furious over a new “millionaire’s tax” that could cost him an extra $1 million this year, the Rochester-area resident and three-time gubernatorial candidate says he’s fleeing the state for Florida’s Gulf Coast.

Golisano called it a “quick decision” to switch his legal address to his $13 million waterfront mansion in Naples, Fla., after Gov. Paterson and lawmakers agreed to a record-breaking $4 billion income-tax hike last month.


The millionaire’s tax — which hiked the income tax rate to 8.97 percent from 6.85 percent on those making over $500,000 a year — would force Golisano to pay $13,000 a day in state income taxes. That’s $4.7 million a year, up from $3.6 million.

Via Say Anything, which helpfully notes that Golisano is one of the founding members of the Independence Party of New York, which apparently exists more or less to remind the rest of the country why having multiple meaningful political parties is such a massive headache.  I’m sure that Florida will welcome the attention and philanthropic zeal of Mr. Golisano, just as long as he controls his political enthusiasms properly.  After all, there’s a reason why he felt the need to flee from a Democratic-controlled state to a Republican-controlled one…

Moe Lane

Crossposted to RedState.

2 thoughts on “Billionaire NY Independence Party founder fleeing Democrat NY for GOP Florida.”

  1. Agreed. As long as the right remains fractured into various special interests (Libertarians, Social cons etc) we’ll be racing toward Socialism as the left remains in power.

  2. Rush was right when he said NY state is “punishing the achievers for the mistakes of a bunch of corrupt politicians”.

    This year in January there was a survey. CE asked 543 CEOs to evaluate their states on a broad range of issues, including regulation, tax policies, education, quality of living and infrastructure. In addition, CEOs were also asked to grade each state based on the following criteria: 1) Taxation & Regulation, 2) Workforce Quality, and 3) Living Environment.

    Here are the 5 worst states:
    New York
    New Jersey
    Here are the 5 best:
    North Carolina

    Coincidence? NO. Tax and spend states are a disaster. They are driving productive people out and encouraging folks on welfare to remain on welfare forever.

    From the NY Post article….

    “What kind of message does it send when a self-made entrepreneur, incredibly successful billionaire, throws in the towel on New York state?” said state Business Council President Kenneth Adams.
    “He’s a bold-faced name making a bold move, but he follows hundreds of thousands of people who have already done the same thing.”

    NOTE the following comment from same NY Post that you have linked to…

    Working Families Party Executive Director Dan Cantor, who championed the tax hike, called Golisano’s move “selfish.”
    “It’s a disgrace that this is how he pays back the state where he was presumably educated and that’s been so good to him,” Cantor said. “Taxes are the price you pay for civilization. He’s moving to a space where there’s a little bit less civilization.”

    Coincidence? NO. Of course socialists are criticizing it.

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