BOMBSHELL STUDY: New York City ROCKED by EXODUS of millionaires

‘The Big Money Show’ reacts to New York City Mayor Zohran Mamdani defending his call for higher taxes on the wealthy as a new report estimates the state's millionaire exodus cost nearly $11 billion in lost tax revenue, fueling debate over the future of New York's economy. #foxbusiness #bigmoneyshow 00:00 Report: New York loses $11 billion from millionaire exodus 00:26 Mamdani doubles down on taxing the wealthy 01:04 Why critics say higher taxes won't solve New York's problems 03:00 Texas and Florida gain as New York loses wealthy residents 06:11 Will New York's millionaire exodus continue under Mamdani? Subscribe to Fox Business: https://bit.ly/2D9Cdse Watch more Fox Business Video: https://video.foxbusiness.com Watch Fox Business Network Live: http://www.foxnewsgo.com/ FOX Business Network (FBN) is a financial news channel delivering real-time information across all platforms that impact both Main Street and Wall Street. Headquartered in New York — the business capital of the world — FBN launched in October 2007 and is one of the leading business networks on television. In 2025 it opened the year posting double-digit advantages across business day, market hours and total day viewers in January. Additionally, the network continued to lead business news programming, with each business day program placing among the top 15 shows, while FBN delivered its highest-rated month since April 2023 with market hours. Follow Fox Business on Facebook:   / foxbusiness   Follow Fox Business on Twitter:   / foxbusiness   Follow Fox Business on Instagram:   / foxbusiness