Former New York Governor Andrew Cuomo issued a stark warning to local leadership, arguing that the rise of Democratic socialist policies and aggressive new taxes on high-net-worth residents is directly causing capital to flee to low-tax red states.
Speaking in an exclusive FOX Business interview, Cuomo said that the current political climate is actively chasing wealth and corporations out of the Empire State in favor of southern tax havens, leaving mainstream Democrats divided over the party's economic future.
"Pick up the garbage, fill the pothole[s], do your job. Bring people to New York, create jobs, don't demonize corporations. Don't demonize the rich. Don't chase people out of New York, which is exactly what [Mamdani] is doing. And you're seeing the wealth transfer to southern states," Cuomo told Maria Bartiromo.