New York Governor Kathy Hochul tried to reassure enterprise homeowners in New York that they don’t have anything to worry after the state’s Lawyer Common fleeced $355 million from President Trump for operating a enterprise within the state.
Hochul advised John Catsimatidis on “The Cats Roundtable” on WABC 770 AM the place she was requested if different New York businesspeople ought to be frightened that if “they will do this to the previous president, they will do this to anyone.”
In line with Hochul: “I believe that that is actually a rare uncommon circumstance that the law-abiding and rule-following New Yorkers who’re enterprise individuals don’t have anything to fret about as a result of they’re very totally different than Donald Trump and his conduct.”
Good luck with that, Kathy. Trump was fined for taking out loans, paying them again on time and with curiosity. The banks mentioned they’d be glad to mortgage him cash sooner or later and there have been no victims within the made-up crime.
Does that put any enterprise proprietor relaxed? In New York Metropolis you now have extreme tax charges, document crime, and NOW you need to fear concerning the politicians fining you for $355 million for operating a enterprise within the state.
Gov. Hochul simply assured companies that there’s “nothing to fret about” after the $355 million public execution of the Trump Corp. Drawing new companies to town goes to be about as simple as promoting nation estates throughout the French Revolution. https://t.co/W2sJ50xES0
— Jonathan Turley (@JonathanTurley) February 18, 2024
Jonathan Turley wrote this scathing rebuke of the outrageous verdict towards President Trump at The Hill.
“…If New York desires to show Wall Road right into a remake of “The Starvation Video games,” it has solely itself accountable as different companies flee the state.
The affect on New York enterprise is more likely to be dire. New York is already seen as a hostile enterprise atmosphere, with the highest finish of its tax base actually heading south as taxes and crime rises. This draconian award is simply going to deepen considerations over the arbitrary utility of the regulation by figures like James, who beforehand sought to disband the Nationwide Rifle Affiliation. (She has proven much less curiosity in cracking down on liberal organizations like Black Lives Matter or the Nationwide Motion Community of Al Sharpton regardless of their very own main monetary scandals.)
As James gleefully makes use of this regulation to interrupt up a significant New York company, it’s arduous to think about many companies dashing to the Huge Apple. This follows Democratic politicians similar to Rep. Alexandria Ocasio-Cortez (N.Y.) campaigning towards Amazon searching for to open new services within the metropolis. After this week, drawing new companies to town goes to be about as simple as promoting nation estates throughout the French Revolution.
The one hope for New York companies would be the U.S. Supreme Court docket. Regardless of the deference afforded to the states and their courts, the court docket has often intervened to dam extreme injury awards.