NY Governor Begs Rich To Come Back After Losing Billions In Taxes. Now Raising Them Again.
April 18, 2026
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14:56Now PlayingNY Governor Begs Rich To Come Back After Losing Billions In Taxes. Now Raising Them Again.

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New York Governor Kathy Hochul is now begging wealthy residents to come back after billions in tax revenue left the state—but there’s one major problem. She promised no new taxes, and now she’s pushing policies that do the exact opposite.
In this video, we break down the full timeline: from telling certain New Yorkers to leave, to watching massive wealth migration to states like Florida and Texas, to suddenly needing those same high earners to fund New York’s growing budget. And just when you think the message couldn’t get more confusing, new taxes enter the picture.
Is this a strategy… or a complete contradiction? We go through the numbers, the policies, and the real-world consequences of trying to tax your way out of a shrinking tax base.
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Produced by: Nate The Lawyer, Umar Sharif
Edited by: Umar Sharif
Writing/Research: Nate The Lawyer, Nawal Ahmed
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