New York's absurd penalties against Trump will lead to fewer investments

 Red State:

Real estate investor Grant Cardone posted on X that his company, CardoneCapital, had initiated research into potential investments in New York. However, former President Trump was ordered to pay $355 million following a civil fraud ruling. 

Cardone said his team will double their efforts to find real estate properties in several red states, including Florida, Texas, and Tennessee. 

As RedState reported, Elena Cardone, Grant's wife, set up a GoFundMe page to help Trump pay the $355 million. So far, they have raised over half a million dollars.

New York Gov. Kathy Hochul tried to reassure folks that they would not be fined for doing business in New York. 

...

Cardone is not the only entrepreneur deciding not to do any business in New York. As RedState reported, Shark Tank's Kevin O'Leary, also known as "Mr. Wonderful" said he would never invest in New York now. O'Leary also noted that "every real estate developer does this" regarding the court ruling of Trump, as well as refuting Hochul's claim that those who do business in New York are "very different than Donald Trump."

O'Leary called California a "loser state," and New York a "mega-loser state." Instead, he will invest in red states such as North Dakota, Oklahoma, and West Virginia.

...

Real estate investors are wise to avoid states like New York.  They are better off investing in Texas and other red states. 

Comments

Post a Comment

Popular posts from this blog

Should Republicans go ahead and add Supreme Court Justices to head off Democrats

Washington Post: Some Democrats eye adding more justices to the Supreme Court to change its ideological bent The once-remote idea has gained the attention of liberals angered by the GOP push to remake the federal courts. Probably the easy way to defeat this court-packing scheme is for Trump to propose doing the same thing now.  It would lead to Democrat denunciations and claims that it would be wrong, thereby blowing up any attempt by them in the unfortunate event of Democrats winning a presidential election.
Read more

29 % of companies say they are unlikely to keep insurance after Obamacare

Conn Carroll: A new survey of 368 midsize to large companies found that 29% of them are considering terminating their active employee health care plans when Obamacare is full implemented in 2014. Only 71% of employers surveyed said they did not expect to drop their health coverage, while 20% said they did not know and 9% said they were planning to exit. The latest survey, conducted by Towers Watson, echoes an ealier survey by McKinsey & Co. finding that 30% of private-sector employers were planning to drop their employee health insurance coverage by 2014. When the Congressional Budget Office crunched Obamacare's spending numbers, they estimated that only 7% of employees currently covered by employer-sponsored plans would lose their plans. ... This means the cost of the health care fiasco will be hundreds of billions more than estimated by the CBO and Congressional Democrat. It is also clear that Obama's pledge that you could keep your health care plan if you wanted t
Read more