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

Always in His Presence · Oct 28, 2025

iluvatar5150 said:
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 · Oct 28, 2025

Always in His Presence said:
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 · Oct 28, 2025

Servus said:
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 · Oct 29, 2025

Always in His Presence said:
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 · Oct 29, 2025

Hans Blaster said:
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 · Oct 29, 2025

iluvatar5150 said:
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 · Oct 29, 2025

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 · Oct 29, 2025

Always in His Presence said:
And what connect does either crack have to do with the subject of the thread.

Again -- not cracks.

Always in His Presence said:
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 · Oct 29, 2025

Always in His Presence said:
“The danger that Mamdani poses to Jewish freedom in New York City is palpable,”

lol

essentialsaltes · Monday at 2:54 PM

For reference, the actual quote is "I’m not a fan of Cuomo one way or the other, but if it’s going to be between a bad Democrat and a communist, I’m going to pick the bad Democrat all the time, to be honest with you.”

rjs330 · 2025-11-04T04:45:40-0600

Always in His Presence said:
Empathy is not feeling bad for someone - check out a dictionary: : the action of understanding, being aware of, being sensitive to, and vicariously experiencing the feelings, thoughts, and experience of another

I don't think its just a lack of empathy. Its worse than that. Its envy, jealousy and greed. Yes, we certainly can say that there are greedy rich folks out there. But there are just as many greedy folksout there that are not rich. They are full of envy and are covetous of other people's stuff. Those that walk around demanding the rich pay their fair share are really demanding a piece of their property. Irs not their money, but they want it anyway.

And people like Mamdani feed into that greed. He feeds rhe jealousy.

essentialsaltes · 2025-11-04T08:27:00-0600

rjs330 said:
Those that walk around demanding the rich pay their fair share are really demanding a piece of their property. Irs not their money, but they want it anyway.

No, we want rich people to pay a higher marginal tax rate than they do now. That way, we might be able to afford all the things that We The People want to do with our tax revenues without going deeper into debt.

iluvatar5150 · 2025-11-04T08:57:47-0600

rjs330 said:
I don't think its just a lack of empathy. Its worse than that. Its envy, jealousy and greed. Yes, we certainly can say that there are greedy rich folks out there. But there are just as many greedy folksout there that are not rich. They are full of envy and are covetous of other people's stuff. Those that walk around demanding the rich pay their fair share are really demanding a piece of their property. Irs not their money, but they want it anyway.

And people like Mamdani feed into that greed. He feeds rhe jealousy.

This is a pretty significant misread of things.

I know loads and loads of people who want the wealthy to pay more - few of them are poor or even struggling; most are degreed, working professionals with household incomes north of $200k - and it almost never has anything to do with jealousy or greed. The overwhelming drive is a posture of communal responsibility and a feeling that we're, essentially, letting the wealthy off the hook. It's essentially a matter of fairness and justice rather than greed. Your interpretation makes sense in a hyperindividualist world where everyone is self-made and an island, but that's not reality, nor is it the perspective from which these folks view the world.

While I don't always agree with the details espoused by folks in this movement, I think the gist is generally correct. I doubt you could find a single rich person in the country today whose wealth wasn't substantially dependent upon publicly-funded structures, institutions, and/or research and, without which, they would be paupers like the rest of us. Because of that, it's not unreasonable -nor is it necessarily a matter of jealousy- to expect them to kick some of that wealth back into the public coffers.

essentialsaltes · 2025-11-04T09:06:32-0600

iluvatar5150 said:
This is a pretty significant misread of things.

I know loads and loads of people who want the wealthy to pay more - few of them are poor or even struggling;
most are degreed, ✅
working professionals ✅
with household incomes north of $200k ✅

essentialsaltes · 2025-11-04T16:06:06-0600

They can't flee to Texas, anyway.

essentialsaltes · 2025-11-04T21:52:07-0600

Hans Blaster · 2025-11-04T22:03:08-0600

essentialsaltes said:
They can't flee to Texas, anyway.

View attachment 372667

Why are their solutions such blatant violation of the Constitution?

essentialsaltes · 2025-11-04T22:08:45-0600

Hans Blaster said:
Why are their solutions such blatant violation of the Constitution?

Who's gonna stop him after he uses Trump's favorite word?

(Still to be resolved, how Trump's favorite word applies to people moving from state to state.)

Always in His Presence · 2025-11-05T08:43:50-0600

Interesting questions from Kevin O'Leary -

How does someone invest in low income housing if they are rent controlled even before they are built?

Desk trauma · 2025-11-05T08:45:43-0600

essentialsaltes said:
View attachment 372696

Let the federal overreach begin.

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

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

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