Former New York Governor Andrew Cuomo issued a stark warning to local leadership, arguing that the rise of Democratic socialist policies and aggressive new taxes on high-net-worth residents is directly causing capital to flee to low-tax red states. Bring people to New York, create jobs, don't demonize corporations. Don't chase people out of New York, which is exactly what [Mamdani] is doing. And you're seeing the wealth transfer to southern states," Cuomo told Maria Bartiromo. "Promises of free lunch, free buses, free rent, free everything.