No, Millionaires Aren’t Leaving NYC. Here’s the Real Story.

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Millionaires love to threaten they’ll flee NYC every time taxes go up — but the data tells a completely different story. In this video, I break down the real math, the hidden costs, and the strategic reasons the wealthy stay put, plus the political game behind their dramatic threats. Most importantly, you’ll learn how to think clearly about your own financial decisions instead of falling for fear-based headlines.

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Ramit Sethi is the host of Netflix’s “How To Get Rich” and New York Times bestselling author of “I Will Teach You To Be Rich” and “Money For Couples”

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⏩ CHAPTERS
00:00 Introduction
00:46 Reality #1: Losing Your Money-Making Network
04:56 Reality #2: Moving Is Expensive and Difficult
06:56 Reality #3: Tax Havens Have Hidden Costs
11:30 Reality #4: The Audit Process Is Designed to Make You Stay
13:38 Reality #5: Almost No One Actually Leaves
17:02 Reality #6: Rich People Don’t Make Emotional Money Decisions
21:28 Reality #7: NYC Keeps Attracting Millionaires
22:41 Reality #8: They Need You to Believe the Lie