High earners flee NYC amid taxes, radical policies

'Good Day New York' anchor Rosanna Scotto discusses a Citizens Budget Commission report revealing that New York City's share of U.S. millionaires has plunged since 2010.

'Good Day New York' anchor Rosanna Scotto warns that high earners are fleeing New York City due to 'Tax the Rich' policies, costing the city $10.7 billion in lost tax revenue. A Citizens Budget Commission study revealed New York's share of U.S. millionaires fell from 12.7% in 2010 to 8.7% in 2022, prompting fears for the city's financial stability.