Bill O’Reilly’s No Spin News and Analysis - BONUS: Bill O'Reilly Calls Out New York's Financial Irresponsibility

Episode Date: May 1, 2025

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New data is out about people moving from New York to Florida. So more than 30,000 between 2018 and 22, this is the last data we have, and it combined $9.2 billion in earnings transferred from New York state to Florida, 9.2 billion. And now it's 2025. So you had three years to that. It's got to be $15, $16 billion. So that money is coming out of here going down to the Sunshine State where there is no state tax. And property taxes are much lower, particularly if you live in a condo or an apartment. Now, this is according to the Citizens Budget Commission.

They are a fiscal watchdog. The importance of this is that the more money that leaves the state of New York, the bigger debt the state will have on taxes. You know, the tax revenue goes down. And Hockel is a wild spender, as all Democrats are. Wild spender. MTA, oh my God, never ends. Never ends.

And we told you yesterday about the new budget. Every school kid in New York State, even if your daddy earns a billion dollars, Every school kid gets a free lunch and a free breakfast. And it costs $1,600 for a school term to do that for every kid. Every kid, billions of dollars. Why? Why?

So if you don't have the tax money to support, you run a deficit. You get into debt, and then you get into trouble. Who's buying New York State bonds? Anybody? no no one because the state is fiscally irresponsible you know buy bonds i'm not so anyway this is what liberal democrat governance brings now some other stats about from the citizens of budget Commission. The Long Island lost 138,000 residents to Florida. Westchester lost 60,000, and on and on and on. And the total number of millionaires in New York State is 36, is 70,000, 70,000 millionaires in

a state. But that's on the slide too. And that's why Hockel and her crew in Albany, they want to slap every tax on anybody worth more than a million bucks. They'll take your property if they can because they just can't meet their obligations now because of the wild spending. Florida doesn't do that, interestingly enough. What Florida does is a lot of self-reliance. They do have safety nets and they do have protections for indigence and people who don't have much money but they're not running out massive entitlements like school lunches and breakfast they're not doing that it's a kind of a libertarian state in that regard and that gets you Florida gets you on hotel taxes and a visitors they hit them so you down and rent a car in Florida you're going to pay

big taxes state that's how to get a lot of their revenue. New York City does that, but the city is so expensive. Now, you know, people are just not going to go. So if you want to say in a really good Midtown Manhattan Hotel, you better be prepared to pay $1,000 a night. A thousand dollars, they wouldn't even throw breakfast in. You get a key and a pillow for a grand, sometimes more. I don't know about you, but I don't think I'm paying $1,000 a night. I got it if I wanted to, but I don't want to. Okay? And in the summer, Florida rates drop big time because nobody wants to be down there when it's 100 degrees and 98% humidity. Anyway, those are the stats. I know why people are leaving New York. I don't think

I'm going to leave because of family and business and all that, but, you know, if it gets worse, I might.