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To compensate for declining tax revenue, proponents argue the government may resort to increased taxes on remaining businesses and wealthy residents. This potential tax hike could further accelerate the exodus, creating a vicious cycle of decline.
The Security Dilemma: Police Departures
Another alarming trend linked to this political shift is the mass departure of law enforcement officers. Many officers are leaving New York City, citing hostility from leadership and the city’s mayor. The city's police force, historically regarded as one of the best in the country, faces a crisis that risks emboldening criminals and undermining public safety.