New York's tax policies PUSH wealthy residents toward Florida

Don Peebles, founder of The Peebles Corporation, discusses how New York tax policies are driving a massive wealth exodus to Florida, noting the regulatory hurdles that slow down development in NYC.

Don Peebles, founder of The Peebles Corporation, discusses how New York tax policies are driving a massive wealth exodus to Florida, noting the regulatory hurdles that slow down development in NYC. Peebles compares the 13-month construction of the Empire State Building to the 8.5 years it took to build One World Trade Center, highlighting the city's growing anti-business environment.