Check out the article about so many Wall Street folks ditching New York for Texas.
No surprise here.
The anti-business attitude from New York and California is catching up to these once-premier states that were the epicenter of culture and economics.
Technology has changed the world to such an extent that people can be on the beach in Miami or on a ranch in Texas and conduct stock trades or other business, the same way in the past they would’ve had to be in the pit on Wall Street. Movie studios can produce their product anywhere today and don’t need Hollywood anymore.
With anti-business politicians in both California and New York passing one hostile bill after another, the CEOs have had it and are packing their bags for areas that roll out the red carpet to them.
So Mayor Mamdani, be careful what you wish for when you antagonize billionaires, such as Ken Griffin, by doxing them and claiming how much joy you get out of placing new taxes on their second homes in New York
He and others can leave at the drop of a hat. And when they do, all their revenue goes with them.
I remember being in the state Assembly when the socialist-leaning legislator (yes, they were there back then), who trashed the Wall Street workers, prayed that they would make a big salary that year so that they could, in turn, tax them and bring more money into the government coffers.
Meanwhile, movie producers are ditching Hollywood because of the unions’ outrageous demands and overregulation.
Chase them away, and you killed the goose that laid the golden egg.