Will Rich People Flee from NYC?
Of course. Stuff like this happens all the time.
The landslide election of a liberal mayor in America’s biggest city, with the country’s most sophisticated people, is bound to cause a calamity. New York City is the nation’s #1 economy, whose metro area’s GDP is north of $2 trillion, and it’s going to see some of the nation’s wealthiest people move to places like Kansas.
To be sure, the folks who run the New York Stock Exchange, Nasdaq, the New York Times, the Wall Street Journal, and entertainment, including film and television, are headed elsewhere.
As one billionaire told me, “Woke people make me puke. I’ve never explored this, but I have a feeling that real core competency is growing wheat. Got my fingers crossed, hoping for plenty of rain.”
Are you kidding. One of the first things that comes out of this guys mouth is ht all kids in the NY school discrict wall haves to learn the Arabic alphabet.
Not taking bets on how long he will last.