Rich People - Come to Philadelphia!
The following is the transcript of my closing editorial from episode 147 of my news podcast The Mind Killer. If you like it, please consider subscribing to the podcast
There’s been some internet discourse recently about Philly, and people tend to agree that it’s got a lot of A-list features. We’ve got amazing architecture, world-class restaurants, a walkable urban core that’s also not a traffic nightmare, a fantastic park system, championship sports teams, revolutionary history, museums and culture, access to the rest of the Northeast corridor, and great people. What we really need to be a top-tier city are high-paying jobs.
By the time you’re hearing this, Zoran Mamdani should have been elected mayor of New York, promising a millionaire’s tax, a higher corporate tax, and higher property taxes in affluent neighborhoods. At the same time, California voters are planning to place a proposal for a one-time 5% wealth tax on the ballot next year. Of course it will only be a one-time tax. I’m sure voters will be satisfied just doing this one time.
So billionaires - if you’re looking for a new home, or even better, a new place to locate your corporate HQ that’s not California or New York, might I humbly suggest Philadelphia. The finances make sense. We’ve got lower corporate taxes and no plans to raise them. For individual taxes, both Pennsylvania and Philadelphia have a legitimate flat tax on income of under 7% total - much lower than NYC or California. And Pennsylvania is a purple state, so you don’t have to worry that the socialists are going to take control and seize the means of production.
And we need you! As I said, what Philly really lacks are high-paying jobs. If you move your businesses here, we’ll actually appreciate you! Not like those ingrates that are currently taking you for granted. We’ll welcome you with open arms and we’ll be rooting for you to succeed.
So if you’re fed up with being underappreciated and exploited by your current location, consider moving to Philadelphia! You won’t regret it
And hey, if you’re a real risk taker, there’s always Camden!