Part 4/15:
A point of contention lies in the belief that rich people and their businesses will remain in New York despite high taxes and policies favoring redistribution. The speaker critiques this view, noting that many wealthy individuals and corporations are relocating to other states where regulations and taxes are less burdensome. Yet, some officials—like a figure referred to as "Mom Donnie"—persist in believing that business presence will stay, even if the physical headquarters withdraw.