don't understand that the NYSE trading pits are all for show. Most stock transactions are done electronically. So if the NY Assembly wants to apply a tax on each share traded to fund their budget shortfalls, those servers that process those transactions will quickly be moved to another state. The NYSE, will be become a museum.
So get this straight, Democrats not only want Federal, State, and Local taxes paid on your annual earnings, but they also want taxes on your capital gains earned on already taxed earnings. But now they also want a tax on your transactions. Yeah that will help hedge funds and PE firms leave NYC with fears of another pandemic, rising violence, high rents, and now more taxes.
This won't be a white flight to the suburbs, this will be a capital flight of businesses leaving NY moving to zero and low tax states.
What idiots. Put this development on top of a report today that 1/3 of NY businesses will never reopen. The Blue NE states are in serious trouble. Couldn't happen to a better bunch of people. Own your vote liberals.