New York City Democrats recently proposed raising taxes on the top earners in the state to combat budget cuts prompted by the ballooning costs of migrants flooding the city. However, a Wall Street Journal opinion piece warned this plan won't work, as high earners flee the state and legislators "run out of other people's money."

Last month, Rep. Alexandria Ocasio-Cortez, D-N.Y., joined 20 other New York legislators in calling for the "richest New Yorkers" to share more of the tax burden, by...

Continue Reading AOC proposal to raise taxes won't 'ever be enough' warns WSJ op-ed