O’Leary says that states like New York, New Jersey, Massachusetts, and California are becoming less friendly to businesses. This is causing investment and jobs to move to more business-friendly places, which are often red states.
“No longer do I put companies here in New York, Massachusetts, New Jersey, or California,” O’Leary said. “You can’t invest in those places. The rules here are crazy. Costs of living are too high.” He used Fargo, North Dakota, as an example of a place where his businesses are now moving because 40% of the workers there work from home, including people in Boston.
“What a mess New Jersey is! New York, not worth investing in,” he said.
The group then asked O’Leary why New York was “uninvestable” and if the high taxes were the only reason. It was clear that the hosts did not like what O’Leary was saying.
“The regulatory environment is punishing,” he said, explaining that harsh rules forced a global data center project near Niagara Falls to move to Norway. “That’s New York. Thousands of jobs will come from that.” Can’t invest in.”
“Don’t shoot the messenger,” he said to finish. “Just telling you the truth.”
They also talked about O’Leary’s fights with well-known leaders like Sen. Elizabeth Warren (D-Mass.). He said he respected Warren as a leader, but he was very clear that he didn’t agree with her extreme views. He said, “When you have a punishing policy, you’re making a mistake.” He made it clear that these kinds of policies cost the state jobs and companies, which he knows well.
“She’s very successful, and that’s where I raised my kids. It’s such a tough place to live that we left to move to Florida with everyone else. I know, this is a tough lesson. This is getting a lot of bad press, but someone needs to say something about it because it’s now just a race between states and we don’t put money into it anymore. It creates jobs in other places where we put it.”
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