Nice… Paychex founder goes Galt on New York – sort of
May 20, 2009 at 2:54 pm by Steve McGough
Filed under Economics
By the pure definition, Paychex founder Tom Golisano is not going John Galt. He’s not working less or withdrawling his talents from society in an effort to keep his efforts from eventual state ownership.
But Golisano can make a business and family decision to legally ensure the the state gets as little tax revenue from him as possible. He has determined that state spending is totally out of control, and is going to do something about it.
Like Rush Limbaugh, Golisano is a pretty rich guy. By making some simple changes in his life, he has ensured the state of New York will no longer get $5 million in tax revenue from him.
Hat tip to Malkin, and here is his kiss-off letter to the governor (read the whole thing). Gov. Patterson was thrilled to get rid of Limbaugh, maybe he will announce he’s happy Golisano is gone too?
Decades of out-of-control budgets, spending hikes and relentless borrowing have made New York simply too expensive.
Politicians like to talk about incentives — for businesses to relocate, for example, or to get folks to buy local. After reviewing the new budget, I have identified the most compelling incentive of all: a major tax break immedi ately available to all New Yorkers. To be eligible, you need do only one thing: move out of New York state.
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