Kathy Hochul BEGS Millionaires to Return to New York – Socialism's Fatal Flaw

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In a stunning admission at the Politico Albany forum (March 11, 2026), New York Governor Kathy Hochul essentially begs millionaires to return to the state after high taxes and progressive policies drove them to lower-tax havens like Florida. She warns that the tax base is "eroded" and says she needs high-net-worth residents to fund "generous social programs," joking: "Go down to Palm Beach and see who you can bring back home... cut me the checks!"

This clip highlights the real-world consequences of heavy taxation and big-government spending: wealthy flight, revenue shortfalls, and pressure on everyday taxpayers. Is this proof that socialism doesn't work in practice?

Watch the full moment and see why critics are calling it a massive own-goal for New York's left-leaning policies.