Can it be the rich of New York want to empty the place a bit?

[Solvedit]

Big finance can do big finance anywhere, especially where they won't be taxed.

My guess is they can spare a bit more to keep their fine city or get the federal government to kick in.  

Trump probably likes New York a lot.  

There's just too many people.

[DBCowboy]

My guess is they can spare a bit more to keep their fine city or get the federal government to kick in.  

 

Why?

[Solvedit]

Why?

They need support personnel to keep the city running.

They may figure they don't need quite so many other businesses which make the place crowded.  

They may want it to contract a little. 

It may be the plan to ensure some of the poor flee the place as well despite the apparent promise of a Utopia.  Wage hikes may be calculated to drive some unnecessary support businesses go out of business, and many will anyway if the middle class starts leaving.  

They may be manipulating the poor and Mamdani himself.

[sahgwa]

NYC is fucked:

Wall Street Firms Leaving NYC


Texas Reaping of New York's Loss


Suicide By Mayor


New York solidified it's place as THE business hub of the world when it was the gateway to America. Everyone and everything coming to America had to pass thru New York, which made it the perfect hub for businesses. Now with an already burdensome tax policy poised to become even worse, it only makes sense from a business perspective to move the economic hub of the United States somewhere much more tax friendly.

As far as American economy and 'power' is concerned, 
'They' are moving everything to Texas.

As far as global power is concerned, they are moving away from London and going to..... Khazakstan
Thats the big secret.
https://astanatimes.com/2024/01/kazakhst...p-in-2024/
https://qazinform.com/news/kazakhstan-to...ter-359886

[quintessentone]

New Jersey's taxes are substantially higher than what the NY Mayor and Governor plans.

AI:

"Lots of people say they plan to move out of New Jersey due to high taxes and an elevated cost of living. And certainly a large number do. But guess who's moving in? The "young and rich." That's what a study of IRS data by financial website SmartAsset …"

Young, wealthy households moving to New Jersey, study says

Let's see, young and rich...choices? New Jersey or New York? Hmm.

[UltraBudgie]

Commonism squeezes out the middle class. You get all these "helpful" social programs that you only qualify for if you're dirt poor, so the incentive is stay that way. If you're middle class, you get the double-whammy of not qualifying for those, plus since they don't magically appear for free, you get to pay the taxes to fund them. The rich have to pay, too, but they're already rich and it's not as big a deal. The end result is a widening class divide. That's what happened to California, where except for a few remaining essential middle-class jobs, you either work in the fancy offices or clean them.

[sahgwa]

Commonism squeezes out the middle class. You get all these "helpful" social programs that you only qualify for if you're dirt poor, so the incentive is stay that way. If you're middle class, you get the double-whammy of not qualifying for those, plus since they don't magically appear for free, you get to pay the taxes to fund them. The rich have to pay, too, but they're already rich and it's not as big a deal. The end result is a widening class divide. That's what happened to California, where except for a few remaining essential middle-class jobs, you either work in the fancy offices or clean them.

That is exactly right.
When I was newlywed, we could only afford to live in a tiny studio of less than 700 sq feet for two people with all the books and things, and no real dining area. the kitchen was the living room so we had to eat on the couch. It was very difficult.
Then there was the option to apply for the 'affordable housing' unit below us, which was actually a nice kind of bungalow.
I had to fudge my old income tax paperwork to qualify for two years, and she had to show her smallest income which only barely worked out in our favour.  This could only be kept up for about 2 years until the paperwork just showed 'too much money'
I mean, they want you to 'qualify' to pay a livable rent, which is less than $2k. But meanwhile your salary is barely able to feed you. It makes absolutely no sense as far as logic is concerned. 
Either you dont work and you cant pay the affordable rent, or you do work, and you make too much. They are forcing people to become creative, that is to say, illegal, to afford rent.  Either have a home business, sell drugs, or steal or squat.  Cuz any normal job you will be 'too affluent' to qualify for affordable housing.
nonsense.

[quintessentone]

The definitions of rich, wealthy and middle class change due to many variables.

"Cost of Living Is Higher
 In addition to expensive housing in some parts of the state, New York residents pay more on average for basic necessities — such as groceries, transportation and healthcare. According to data from the Bureau of Economic Analysis, the cost of living in New York is over 12% higher than other states.
 
This means that everyday expenses simply cost more — making it even harder to live comfortably in the state.
Ultimately, living in New York state can be affordable for middle class families — but if you choose to live anywhere near the New York City metro area, you’ll probably need about 3 times as much income to be considered middle class. Housing and the general cost of living near the city skyrocket, making it very difficult for middle-income families to afford to live there."

Minimum Salary To Be Middle Class in New York | GOBankingRates