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Gov. Hochul discovers that socialism works until you run out of other people’s money


During her successful campaign for New York Governor in 2022, Democrat Kathy Hochul enjoyed mocking people who were fleeing the high tax rates and rampant crime that typically define Democrat states by telling them:

Just jump on a bus and head down to Florida where you belong, OK? You are not New Yorkers.”

But it seems her tune has changed recently, The Blaze reports.

Because people took Hochul’s advice and fled resulting in New York having the largest population decline of any US state in 2022. Of course, high taxes and rampant crime aren’t the only issues that caused people to flee. There was also its devastating COVID lockdown and anti-business and freedom regulations.

But this exodus had a huge impact on the state’s pocketbook as the people fleeing were usually taxpayers.

In a speech she gave on New Year’s Day, Hochul lamented:

“We must and will make our state safe … we have to make our state more affordable … And we must reverse the trend of people leaving our state in search of lower costs and opportunities elsewhere.”

Hochul has just discovered a powerful principle which has defined socialism for the past 100 years.

It was former British Prime Minister Margaret Thatcher who said:

“The problem with socialism is that you eventually run out of other people’s money.”

Former British Prime Minister Margaret Thatcher

READ: Months after telling Republicans to ‘head down to Florida where you belong,’ New York Governor Hochul says the state has to figure out how to stop people from leaving

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