Voting With Your Feet: Entrepreneur Quits New York

Permit me to introduce you to Tom Golisano, founder and board chairman of Paychex, Inc. His hard work through the years and a bit of luck has made him a wealthy and successful man and one of the pillars of New York society. He loves New York, but he is pulling up stakes, leaving New York and heading to Florida. Why? Because the out-of-control spending, and the spate of new taxes and tax increases imposed by Governor Patterson and the State legislature to pay for it, have simply made it far too expensive for him to remain there. Golisano, one of the wealthy job-creators whose taxes support the State of New York, is withdrawing that support and voting with his feet. In an open letter to the New York Post, he makes his feelings very clear: I LOVE New York. But how much should it cost to call New York home? Decades of out-of-control budgets, spending hikes and relentless borrowing have made New York simply too expensive. ... [Read Full Article]