New York Governor Kathy Hochul tried to reassure enterprise homeowners in New York that they don’t have anything to concern 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 needs to be frightened that if “they can do that to the former president, they can do that to anybody.”
In keeping with Hochul: “I think that this is really an extraordinary unusual circumstance that the law-abiding and rule-following New Yorkers who are business people have nothing to worry about because they’re very different than Donald Trump and his behavior.”
Good luck with that, Kathy. Trump was fined for taking out loans, paying them again on time and with curiosity. The banks stated they might be comfortable 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 must fear in regards to the politicians fining you for $355 million for operating a enterprise within the state.
Gov. Hochul simply assured companies that there’s “nothing to worry 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 in the course of 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 wants to turn Wall Street into a remake of “The Hunger Games,” it has solely itself accountable as different companies flee the state.
The impression on New York enterprise is prone to be dire. New York is already seen as a hostile enterprise surroundings, with the highest finish of its tax base actually heading south as taxes and crime rises. This draconian award is barely going to deepen considerations over the arbitrary software of the legislation 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 legislation to interrupt up a serious New York company, it’s onerous to think about many companies speeding to the Huge Apple. This follows Democratic politicians equivalent to Rep. Alexandria Ocasio-Cortez (N.Y.) campaigning towards Amazon searching for to open new amenities within the metropolis. After this week, drawing new companies to town goes to be about as simple as promoting nation estates in the course of the French Revolution.
The one hope for New York companies would be the U.S. Supreme Courtroom. Regardless of the deference afforded to the states and their courts, the court docket has sometimes intervened to dam extreme harm awards.
