New York's nonprofit problem

Gov. Kathy Hochul (D-NY) recently told a forum in Albany, "I need people who are high net worth to support the generous social programs we have in our state," adding that for wealthy New Yorkers still in the state, "maybe the first step should be go down to Palm Beach and see who you can bring back home."

It was an extraordinary statement, admitting that Democratic policies drive residents to better-run states. Before Hochul makes her pitch for ex-New Yorkers to return from their exodus, she may want to get a grip on her state's high taxes and spending, particularly the amount New York City sends to nonprofit organizations, which are given billions of dollars for unquantifiable results.