- Peter St. Onge's video critiques proposed tax hikes in Democrat-led states, linking them to reduced federal funding under potential Trump administration cuts, with California's one-time 5% wealth tax on ~200 billionaires aiming to raise $100 billion amid a revised $20 billion deficit (down from $68 billion in 2024).
- Chicago faces a $1.15 billion 2026 shortfall, prompting proposals like a corporate head tax and 14% cloud services levy, while New York's mayoral candidate Zohran Mamdani advocates progressive policies funded by higher taxes on affluent areas, reflecting leftist ideology regrading wealth redistribution.
- Data from the U.S. Census shows nearly 1 million annual migrations from blue high-tax states to low-tax red ones like Florida and Texas since 2020, potentially accelerating an "exodus of productive taxpayers" as top earners (the people paying 87% of federal income taxes) respond to these measures.
View: https://x.com/profstonge/status/1985323577474765084