Wall Street Begins to Vacate New York
What they did to our formerly wealthiest city Detroit, moonbats are now inflicting on New York. The death of Wall Street is already underway.
The New York Post reports:
Apollo Global Management, a $900 billion asset manager, is plotting a second US headquarters in the Sunbelt…
Apollo expects most of its future hiring to be in the second hub rather than Manhattan, according to a statement from the firm.
The new location will probably be in either Texas or Florida.
Florida has already lured heavyweights like Citadel and Elliott Management, while Goldman Sachs and JPMorgan are hunkering down in Texas.
Here’s why Apollo is ready to move on:
[Mamdani] has pushed Gov. Kathy Hochul and state lawmakers to increase the corporate tax and hike taxes on rich — and he’s even threatened to up the city property taxes 9.5% if the state doesn’t act.
Mamdani’s “warmth of collectivism” will be cold comfort to those left behind in New York when there is no wealth left to confiscate.
On the positive side, Manhattan real estate will become more affordable. You can buy a house for $50 in some parts of Detroit.
On a tip from abcanc.
The post Wall Street Begins to Vacate New York appeared first on Moonbattery.
Source: https://moonbattery.com/wall-street-begins-to-vacate-new-york/
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