Even if (more likely "when") Momdani becomes NYC Mayor studies show the richest New Yorkers will stay

[Always in His Presence]

Yeah? Just going by the jobs in my extended family: how many jobs are there in Tulsa for investment bankers? For jewelry designers? For media professionals?

Perhaps not Tulsa - but certainly not NY


Since 2019, over 150 financial firms—including major investment banks and asset managers—have relocated their headquarters from New York City to lower-cost states like Florida and Texas. The shift represents nearly $1 trillion in assets under management moving out of the city.

Key Firms That Have Left NYC

While many firms have not publicly disclosed their moves, reports highlight a broad trend among financial institutions:

• Citadel: The hedge fund giant moved its headquarters from Chicago to Miami, but also shifted significant operations from NYC to Florida.
• Carl Icahn’s Icahn Enterprises: Relocated to Florida, citing tax advantages.
• AllianceBernstein: Moved its headquarters to Nashville, Tennessee.
• Virtu Financial: Shifted some operations to Florida.
• Moelis & Company: Opened a major office in Florida, expanding beyond NYC.

Why Are Firms Leaving?
Several factors are driving this exodus:

• High taxes: New York’s corporate and personal tax rates are among the highest in the country.
• Cost of living: NYC’s expensive housing and operational costs make other states more attractive.
• Remote work flexibility: The pandemic normalized remote and hybrid work, allowing firms to decentralize.
• Crime and quality of life concerns: Some executives cite safety and lifestyle issues as reasons for relocating.

 

[iluvatar5150]

Perhaps not Tulsa - but certainly not NY


Since 2019, over 150 financial firms—including major investment banks and asset managers—have relocated their headquarters from New York City to lower-cost states like Florida and Texas. The shift represents nearly $1 trillion in assets under management moving out of the city.

Key Firms That Have Left NYC

While many firms have not publicly disclosed their moves, reports highlight a broad trend among financial institutions:

• Citadel: The hedge fund giant moved its headquarters from Chicago to Miami, but also shifted significant operations from NYC to Florida.
• Carl Icahn’s Icahn Enterprises: Relocated to Florida, citing tax advantages.
• AllianceBernstein: Moved its headquarters to Nashville, Tennessee.
• Virtu Financial: Shifted some operations to Florida.
• Moelis & Company: Opened a major office in Florida, expanding beyond NYC.

Why Are Firms Leaving?
Several factors are driving this exodus:

• High taxes: New York’s corporate and personal tax rates are among the highest in the country.
• Cost of living: NYC’s expensive housing and operational costs make other states more attractive.
• Remote work flexibility: The pandemic normalized remote and hybrid work, allowing firms to decentralize.
• Crime and quality of life concerns: Some executives cite safety and lifestyle issues as reasons for relocating.

Meanwhile, JP Morgan just moved into a brand new skyscraper in midtown. "Certainly not NY" indeed, lol. Whatever you say.

 

[Pommer]

I hope Momdani becomes the mayor of NYC and goes full throttle. The downfall of NYC be a good lesson for the rest of the country.

It’ll be like Kansas (only from the opposite direction)!

 

[Hans Blaster]

anyone have a clue what either of these cracks mean????

They aren't cracks.

Mr. Bill was an animated clay character in late 70s shorts on SNL. He always was exclaiming "Oh No!" before he got smashed. I was indicating that I am utterly unconcerned about the rich worried they are about to get "crushed".

Bodegas are small NYC shops selling groceries and odds and ends. Many have resident cats.

Bodega Cats (@bodegacats.bsky.social)

https://www.bodegacats.nyc

bsky.app

 

[Always in His Presence]

They aren't cracks.

Mr. Bill was an animated clay character in late 70s shorts on SNL. He always was exclaiming "Oh No!" before he got smashed. I was indicating that I am utterly unconcerned about the rich worried they are about to get "crushed".

Bodegas are small NYC shops selling groceries and odds and ends. Many have resident cats.

Bodega Cats (@bodegacats.bsky.social)

https://www.bodegacats.nyc

bsky.app

And what connect does either crack have to do with the subject of the thread.

You obviously care enough to post.

 

[Always in His Presence]

Meanwhile, JP Morgan just moved into a brand new skyscraper in midtown. "Certainly not NY" indeed, lol. Whatever you say.

Before October 2025, JPMorgan Chase's global headquarters was located at 383 Madison Avenue in New York City. The company moved to its new headquarters at 270 Park Avenue in October 2025

JP Morgan has moved 0.1 miles around the block -

over 150 have moved out of state:

Whatever you say....

 

[Always in His Presence]

Zohran Mamdani spews antisemitic tropes, falsely claims taxpayers foot the bill for NY pols’ Israel trips: Jewish activists​

Jewish advocates railed that the Queens state Assembly member was insinuating Jewish pols were swindling New Yorkers to benefit Israel at their expense.

“The danger that Mamdani poses to Jewish freedom in New York City is palpable,” fumed Queens Councilman Rory Lancman, a senior counsel at the non-profit Louis D. Brandeis Center for Human Rights Under Law.

 

[Hans Blaster]

And what connect does either crack have to do with the subject of the thread.

Again -- not cracks.

You obviously care enough to post.

I care enough to express my non-concern for the wealth of the wealthiest NYers. ("Oh no, mr. millionaire, however will you cope with actually paying some taxes.")

While the Mamdani public groceries will likely be a bit bigger than the typical bodega (and not unlike the groceries I have been in in the ground levels urban buildings of European cities), they should all get a cat. Cats are good.

[And seriously, I saw someone post this idea elsewhere -- Mamadani should engage GOP nominee Curtis Sliwa (after the election) to run a program of cat colonies to control the rat problems. Sliwa proposes this and is famously a cat guy. (He has a dozen or so rescue cats in his apartment.) ]

 

[Desk trauma]

“The danger that Mamdani poses to Jewish freedom in New York City is palpable,”

lol