Part 5/11:
The discussion shifts to the migration of capital and people from New York to other states like Florida, Tennessee, and South Carolina. PBD cites real estate agents and economic analysts who report an influx of New Yorkers, especially wealthy and entrepreneurial types, preparing to leave due to political prospects and impending tax hikes if Mandani wins. The threat of mass capital outflow poses serious concerns for NYC’s economic vitality, echoing the loss of over a trillion dollars of wealth from California and New York during recent years.