“Saved $29M in Taxes” - Maryland Governor CONFRONTED on States High taxes
Valuetainment
Valuetainment Episodes
4.8 • 1.7K Ratings
🗓️ 5 May 2026
⏱️ 12 minutes
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Summary
Patrick Bet David asks why business owners leave New York, California and Illinois for Florida and Texas, shares how moving before selling his company saved his family 29 million in state taxes, and presses Wes Moore on whether Maryland can ever truly compete.
Transcript
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| 0:00.0 | How do you make a dramatic policy change today for a business owner? |
| 0:04.9 | Because here's a massive opportunity to have. |
| 0:07.8 | You think people from New York want to move to Florida or you think they'd rather move to Maryland? |
| 0:11.7 | You think people from New York want to make that massive? |
| 0:14.0 | Some people like East Coast, the cold weather. |
| 0:16.2 | Some people like that area. |
| 0:17.4 | Proximity to Washington, D.C. |
| 0:18.9 | I agree. |
| 0:19.8 | Oh, my God. |
| 0:20.5 | Totally. So if I was a governor of a blue state like Maryland, and I know New York is royally screwing up, now you may not say it because, you know, it's party lines and you know, you know, some of the stuff that. I don't do party lines. Okay. So I'm just saying they're really screwing up. And I don't know if you would agree with that or not. They're losing business owners, right? New York is losing business owners, so is California. It's a lot easier for me to move from New York to somewhere in Maryland to move down here. And frankly, we've seen that, right? We've seen businesses who, you know, for whatever reason, have chosen and chosen Maryland because they like the regionalized. |
| 0:55.1 | They still have a negative net migration. It needs to be bigger than that. Yeah. |
| 0:58.0 | It needs to be bigger than that because right now, you know, I'll walk around. I'll go to Palm Beach. |
| 1:03.4 | Okay. And I'll run into. So, hey, where are you from? Oh, I'm from Illinois. |
| 1:07.1 | What part? Chicago. What brought you down here? Taxes, lifestyle, safety. |
| 1:12.0 | Really? |
| 1:12.4 | Yeah. |
| 1:12.8 | Where are you from? |
| 1:13.4 | New York. Where are you from? California. It is, you know, when I was in California, when I was in Texas, we saw, like, we moved to Plano, Texas, and Addison and Preston Hollow, so you run into a lot of Californians that are leaving. Here, it's a lot of New York, you know, it's a lot of D.C., it's a lot of Illinois, |
| 1:29.5 | that you'll run into people. You know, and you see DeSantis, DeSantis created policies that got |
| 1:36.0 | people to say, you know what, I'm moving to Florida, and in a major way, in a major way. |
| 1:42.3 | But if you guys, a blue state like Maryland, |
| 1:45.3 | and I think you're reasonable enough |
... |
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