Rapper 50 Cent has announced his move from New York to Texas, also expressing support for former President Donald Trump. He cites incumbent President Joe Biden's tax plan for his home state of New York, which threatens more than half of his income. The rapper says Texas's lower tax rates for top earners hugely contribute to his decision to move there.
50 Cent expounded on his plan during a Sept. 23 interview with MSNBC host Ari Melber. The host asks the rapper, born Curtis Jackson III, about his social media post announcing his support for Trump and his move to Texas. Jackson confirms that his post is true, adding that he is indeed planning to leave New York City after denouncing Biden's tax plan.
"I didn't realize I'd be paying 62 percent of my income to the Internal Revenue Service. When you tell an individual that you're not [going to] keep 62 percent of your earnings because your live in this area? I don't like New York City that much. I don't like the people enough to stay. I'll move. I like Texas," Jackson tells Melber.
Melber then expresses discomfort over Jackson's response, telling him: "[Like] a Texan, you sound a little bit Republican." But this fails to dissuade the rapper, who continues to laud Texas. Jackson even warns the MSNBC host that these exorbitant tax rates will soon drive out all the wealthy.
"New York City will change dramatically; [wealthy individuals are] going to end up moving to different territories. You look, all of Silicon Valley is now in Austin, Texas. So you will start to see people moving from these places to new places that make sense for them to hold on to what they're earning, not have it just taken from them by the government," he tells Melber.
According to the Biden tax plan, tax rates for top earners in New York City alone are set to reach 62 percent. New York state meanwhile has a 58 percent tax rate, with neighboring New Jersey having a higher rate of 60 percent. Rich individuals in California are set to face a 62.6 percent tax rate.
50 Cent following the footsteps of other personalities waking up
Even before his Sept. 23 interview with Melber, 50 Cent already urged his fans to vote for Trump in the 2020 presidential elections. Back in October 2020, the rapper expressed discontent over the move and called Biden and Vice President Kamala Harris "out of their minds" for proposing the tax plan. (Related: "WHAT THE F*CK! IM OUT": Rapper 50 Cent melts down over Biden-Harris tax plan, endorses Trump.)
However, Jackson is not the only rapper that has publicly announced his support for the real estate tycoon-turned-president. Kanye West has also openly thrown his support for Trump, wearing the latter's red Make America Great Again (MAGA) cap during several appearances. He tweeted in April 2018: "You don't have to agree with [Trump], but the mob can't make me not love him."
West later defends his decision to wear the MAGA cap: "One of the main reasons I wore the red hat … [is to] protest … the segregation of votes in the Black community." According to him, this segregation involves White Democrats intimidating Black voters "to the point where they can tell a Black man 'if you don't vote for me, you're not Black.'" (Related: KANYE now red-pilling everyone, teaching the black community how to discover personal power, courage and freedom.)
However, West later rescinds his support of Trump – saying in a later interview that he is "taking the red hat off." Despite this, he praises the former president for his religious ideals. "Trump is the closest president we've had in years [that is] allowing God to still be part of the conversation," West says.
Jackson also follows technology bigwig Elon Musk in his decision to move to Texas. The founder of SpaceX and Tesla said back in December 2020 that he would move Tesla's production out of Fremont, California and into Texas. Musk's announcement followed his earlier threat in May 2020 that he would pull out of the state after officials in Alameda County refused to permit his Tesla factory to reopen.
Musk tweeted in May 2020 that Tesla will immediately move its headquarters and future programs to neighboring Texas and Nevada. He said in the same tweet that any decision to retain activity at the Fremont facility "will be dependent on how Tesla is treated in the future."
Defending his decision, the Tesla and SpaceX CEO compares California to a successful sports team. "[California] has been winning for a long time, and I think [it's] taking [firms] for granted a little bit. [It does] tend to get a little complacent … [and] entitled, and then [it doesn't] win the championship anymore," Musk says.
GreaterTexan.com has more articles about high-earners such as 50 Cent and others moving to Texas with its lower tax rate.
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