Hochul urges NY’s patriotic millionaires to stay and fund social programs
New York Gov. Kathy Hochul called high-net-worth residents who remain in the state to support social programs “patriotic,” a contrast to past calls for wealthier NY voters to relocate to low-tax states. The article surveys blue-state efforts to curb wealth flight amid reports of residents moving to Florida and other tax havens, and outlines how states use multi-factor residency tests—like the quirky “Near and Dear” teddy-bear criterion—to determine domicile. It notes the outsized role of the top 1% in NY taxes and references historical residency audits, framing wealth retention and exit-tax debates as a nationwide tax-policy battleground.