Texas Governor Greg Abbott is once again rolling out the red carpet for companies eager to escape New York’s heavy tax burden and suffocating woke politics, as reported by The New York Post.
His pitch could not be more direct: come to a state that values hard work, innovation, and prosperity instead of punishing success.
The invitation followed an outrageous stunt by Democratic socialist New York assemblyman Zohran Mamdani, who publicly demonized billionaire investor Ken Griffin simply for being wealthy.
Abbott’s spokesman, Andrew Mahaleris, told The Post that the governor welcomes all job creators tired of New York’s anti-business environment.
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“Governor Abbott is proud to welcome businesses and job creators from across the country to Texas, where we have no state income tax, reasonable regulations, and a pro-growth environment that encourages free enterprise to flourish,” Mahaleris said.
He went further, saying the left’s class warfare policies are handing Texas a winning edge. “Punitive policies that target successful job-creating entrepreneurs only accelerate the trend of companies choosing Texas,” he added.
“Governor Abbott is proud to welcome businesses and job creators from across the country to Texas, where we have no state income tax, reasonable regulations, and a pro-growth environment that encourages free enterprise to flourish”https://t.co/tADtbye93S
— The Rule 5 Texan (@Rule5Tweets) May 11, 2026
Abbott’s team seems happy to let the socialist crowd in New York keep doing what they do best, driving away talent and opportunity.
Texas now leads New York in financial sector employment, boasting 519,000 workers to New York’s 507,000, according to the nonprofit Partnership for New York City.
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JPMorgan Chase, once the jewel of Wall Street, already has more employees in Texas than in New York. The data paints a grim picture for the Empire State’s future as an investment capital and signals a continued exodus to friendlier territory.
The contrast could not be sharper. While Abbott extends an open invitation to job creators, he has also sent more than 100,000 migrants to New York’s so-called sanctuary cities during the height of the border crisis.
Texas border towns were overwhelmed, and Abbott made it clear that blue state leaders should share the burden they enthusiastically welcomed in speeches but avoided in practice.
The potential loss of Wall Street business does not just bruise egos on Madison Avenue; it could devastate the city’s finances. New York depends heavily on taxes from financial bonuses and big capital gains.
Once that pool of money moves south, the tax shortfall will fall squarely on the shoulders of the shrinking middle class left behind.
Mamdani sparked outrage after recording a flashy social media video outside Ken Griffin’s $238 million Midtown penthouse to push his pet policy, a new pied-a-terre tax.
Instead of serious economic debate, Mamdani’s performative class warfare came off as an envy-filled sideshow. Griffin called the episode “creepy,” a word that sums up the radical left’s obsession with vilifying success.
In response, Griffin and Apollo Global Management’s Marc Rowan both hinted they may expand outside New York. Industry insiders, meanwhile, say more companies are quietly pulling up stakes behind the scenes.
The “quiet quitting” of corporate New York is happening under Mamdani’s watch, and his rhetoric is pouring gasoline on the fire.
A White House adviser reportedly told The Post that the socialist antics of people like Mamdani are political gold for Republicans.
“Don’t interrupt your enemy when he’s making a mistake,” the insider quipped, adding that wealthy New Yorkers are eyeing real estate in Dallas and Miami. The flight of capital is not a trend; it is a stampede, and Democrats cannot seem to figure out why.
Even former Democratic Governor David Paterson blasted Mamdani’s class-baiting tactics. “Mamdani comes from a household of poor judgment,” Paterson said.
He explained that a coalition of business and civic leaders from both parties should step up before the city’s economy collapses.
“The resources that have kept the city alive are thinking about moving to other places,” he warned, calling for steadier hands at the helm.
Paterson pointed out that New York has endured tough times before and that meaningful leadership is needed now more than ever.
“This is a great city. We’ve been through some really difficult times. I think this is the time when leadership stands up and shows how well they can lead,” he told John Catsimatidis on WABC radio.
He said he understands why Griffin would be outraged by Mamdani’s behavior, calling the stunt embarrassingly self-defeating.
It is not just Griffin and Paterson who see the danger. Many business advocates warn that Mamdani’s movement reflects a deep cultural resentment toward anyone who builds wealth.
As Paterson put it, “They’re jealous and envious of what other people have. That is a terrible way to live your life.” He added that such attitudes erode the city’s identity and its long history as a hub of opportunity and enterprise.
While Mamdani’s office declined to comment, his silence speaks volumes. As Texas lures more workers and capital, Abbott continues to make the case that freedom, not socialism, grows business.
The Lone Star State’s message to New York is simple: if you are tired of being punished for winning, come to Texas, where success is still respected.
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