New York City lost $9 billion of income to Miami Palm Beach in five years.

This is a Bloomberg story.

So let's go through it.

A net 30,000 New Yorkers moved to Florida's Palm Beach and Miami Day County from 2018 to 2022,

taking $9.2 billion in income nearly 20,000 people with a per capita income of $190,000 relocating to Palm Beach and over $26,000 per capita income of about 266 moved to Miami-Dade County, according to Citizens Budget Commission's report.

Within New York State, nearly 138,000 city residents relocated to Long Island reducing New York City's adjusted gross income by 11.1 billion,

while Westchester County gained almost 60,000 new net residents, cutting the city's income by $5 billion,

driven by factors like coronavirus pandemic cost of living and quality of life concerns.

New York shares of U.S. millionaires dropped from 12.7 in 2010.

Damn, to 8.7. That's,

that is an, that's a 33% drop-off. Despite the numbers of millionaires in state,

nearly doubling to 70,000 as high-ins, including millennials left for the state, Florida,

California, Texas, with the top 1% of city's tax filers paying 40% of the income. Again, I thought rich people don't pay taxes. With the top 1% of cities tax filers paying 40% of the income.

Again, I thought rich people don't pay taxes.

With the top 1% of city tax filers paying 40% of income taxes, Adam, thoughts.

Well, this was something that I've been calling for years.

And it's just further proof that Miami slash South Florida is the best place in the world. So when I was in the nightlife world back in the day, I would always see these New Yorkers come every single New Year's

and they would spend a ton of money. And then they would be like, man, I love it down here. I'm like,

well, why don't you end up moving here? I got to work. I got jobs. I got family. I had the list. I was like, all right.

Very interesting. So I would see, like, what's a game you would play back in the day?

We would almost like jump in, like, double Dutch.

You would like, all right, I would see this, do, I didn't fully understand like why they just wouldn't move down here.

...