Posted on: April 09, 2021 05:54 PM

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Bye bye bye or is it sad for NY

The elite of NY whose income generates $135 billion is now in the process of leaving the state. This includes NYC after the governor reluctantly increased taxes on them. As of today, 25% has left the state for good during the pandemic. Another 10% left this week. Some of the rest of wealthy are wait and watch scenarios at the moment. Several candidates running for the election stated the working class can survive without the wealthy in NY except for private sectors. Increasing government jobs is the priority and all pay a fair share of taxes to cover basic housing, healthcare, education and other needs under government care. One factor is pot can generate over $1 billion as more usage and the same for other programs increasing year by year. JetBlue is considering the move but awaiting for the management decision soon. The biggest surprise moves if happens are NASDAQ and NYSE.