I love how this thread is talking about bad policy without even discussing any aspect of the policy that is bad.

Perhaps we should pull our heads out of the Fox News punch bowl to take a breath.

Y’all act like democratic socialist policy can’t work even though we’ve spent the last entire history of our country trying the exact opposite strategy only to have it not work out at all. The current status quo which is obviously not satisfactory didn’t come from socialists or leftists running the country.

Cue the “This is the world under communism” memes that are literally pictures of the current world under unfettered under-regulated capitalism.

The boogeyman of “the businesses will move out of NYC” is hilariously out of touch. Where will all these companies get the employees they depend on if they move operations to Kansas? NYC contains nearly the entire population of Ohio within its boroughs. Where do you propose these companies find employees if they all leave NYC?

You’re making the classic business bootlicking mistake of flipping the needs pyramid upside down. We don’t need to beg for businesses to stick around, businesses literally depend on regular working class people to survive. They are worthless without our labor and our dollars as customers.

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prewett 6 hours ago | parent | next [-]

Apparently the rich have already been moving out of NYC: from 2010 to 2022 the percent of people in the US with $1+ million in federal taxable income dropped from 6% to 4% [1]. A whole bunch left during the pandemic (unsurprisingly), according to [2], but it did not say if they came back afterwards. These aren't great articles, just the first that DDG gave me, but it suggests that there may actually be a trend.

[1] https://nypost.com/2025/08/28/opinion/with-the-rich-already-...

[2] https://capwolf.com/why-millionaires-are-fleeing-new-york-in...

	▲	dangus an hour ago \| parent [-]
		Interesting then that during that time period 8 skyscrapers were built in Billionaire's Row https://en.wikipedia.org/wiki/Billionaires%27_Row Your first link is an opinion article from the NY Post, I would not consider that to be unbiased reporting (really, we should not be using the opinion section of any newspaper for any of this). Second link is a financial industry-oriented source, one I've never heard of in any journalistic capacity, and I am not so sure about their motivations to write an article like that. For example: > Quality of Life: Rising crime and strained infrastructure. Rising crime is factually untrue, and NYC is one of the safest cities of any size in the country. Just one example: https://www.nyc.gov/site/nypd/news/PR006/nypd-fewest-murders... I would also make the argument that primary residence and income tax optimization tricks mean that many of these people with very high incomes still spend a lot of time if not most of their time in NYC. If you're making $1+ million a year in W2 income you most definitely own more than one property and are probably important enough in your work to be able to restructure your income to keep it out of NY State income tax collection. Get paid in stock options, or send your paycheck down to your Florida condo and totally live there 6 months out of the year.

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mc32 6 hours ago | parent | prev [-]

People did move out of NYC and companies did move HQs out to NJ and elsewhere. NYC lost pop during the eighties and didn’t recover its population till 2000. It was an 10% decline in pop[1]. They went from 125 F500 cos based in NYC down to 61 by 1986. Maybe that’s okay with you if it were to repeat but that’s a lot of a tax base leaving for better pastures.

[1]https://en.wikipedia.org/wiki/Demographics_of_New_York_City

	▲	dangus an hour ago \| parent [-]
		It's important to discuss the reasons for the population dropping in the 1980s and subsequently recovering. It didn't experience population drops because NYC scared away the businesses and billionaires/millionaires with left-leaning policy. That population loss happened because of macroeconomic trends that were already in motion, as well as local factors that really had very little to do with who was mayor at the time. Detroit didn't have a population collapse because of who was mayor or what the tax rate on the local businesses was.