We all know it’s true but now, businessman, investor, and “Shark Tank” star Kevin O’Leary is saying it bluntly: he told the CNN morning show hosts that Democrat-led states are “uninvestable” because they are “punishing people if they’re successful,” as our sister site Townhall.com writes:
“I don’t put companies here in New York anymore, or in Massachusetts, or in New Jersey, or in California. Those states are uninvestable. The policy here is insane; the taxes are too high,” O’Leary explained, adding, “the regulatory environment is punitive. I had a project in Upstate New York behind the grid in Niagara Falls for electricity — a global data center we were building. Eventually, it got so bad with the politicians in the local region and the state policy we moved it to Norway and all the jobs.”
O’Leary said that he had a conversation with Sen. Elizabeth Warren (D-MA), telling her that businesses were moving out of her state because of being overtaxed.
‘You are punishing people if they are successful, you overtax them, you hit them with a super tax. New Jersey, what a mess! New York, uninvestable,’ he told the Democratic Senator.
When O’Leary went on to explain on CNN how New York is uninvestable, host Kaitlan Collins claimed he’d likely get some pushback from the folks in New York.
Shark Tank's @kevinolearytv calls New York an "uninvestable" regulatory and tax environment, then attacks Rep. @AOC as "great at killing jobs, she kills jobs by the thousands."
Don Lemon backs O'Leary up: "He's saying what a lot of people are saying …" pic.twitter.com/APScMibJPC
— The Recount (@therecount) March 3, 2023
He said he’d love to debate them including people like Rep. Alexandria Ocasio-Cortez (D-NY), “She’s great at killing jobs. She kills jobs by the thousands,” O’Leary declared, referencing the Amazon fiasco where she cost the city 25,000 good-paying jobs. After they faced flack from her, Amazon then decided to go elsewhere to a more friendly environment like Virginia. AOC threatened to sue them, O’Leary said.
When Collins came to AOC’s defense, co-host Don Lemon surprisingly backed him up, saying “He’s saying what a lot of people are saying.”
That triggered an incoherent AOC, who doesn’t like the truth.
If it’s so “uninvestable,” then why is NYC home to some of the most billionaires in the world?
This is what billionaires do. They leverage their power to gain platforms and spread unsubstantiated claims to push policies that are even more favorable to them than they already are. https://t.co/RdVXesgZZo
— Alexandria Ocasio-Cortez (@AOC) March 3, 2023
“If it’s so ‘uninvestable,’ then why is NYC home to some of the most billionaires in the world?” AOC babbled. “This is what billionaires do. They leverage their power to gain platforms and spread unsubstantiated claims to push policies that are even more favorable to them than they already are.”
Um, “some of the most billionaires”? What does that even mean? But this is typical AOC. She babbles incoherently, but won’t listen to what business people are telling her about reality. Then that last sentence of hers — substitute “politicians” for “billionaires” and it would be more truthful.
Also, having a home in New York isn’t necessarily the same thing as putting the business there. But the truth is that residents, not just businesses, are also fleeing blue states like New York, because of the taxes, the crime, and the horrible policies for places like Texas and Florida. I wrote about that on Friday, when Rep. Jamaal Bowman (D-NY), AOC’s fellow socialist, tried to throw down with Florida Gov. Ron DeSantis.
She and her socialist fellows are clueless. But the people are letting them know—they’re voting with their feet, as they flee.
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