Why would anyone in their right mind move there a more if they didn’t have to do so.
City + state tax of almost 17% that they can no longer pass along through federal tax deductions onto the shoulders of the rest of america’s taxpayers.
Someone has to pay for the massively growing dependent population (gee, where could they be coming from?)
While NYC lost about 50k in population this past year, the % of those that were wealthy and thus the tax base loss was far higher. Now, factor in losing the Google business and the subsequent businesses who are concerned about a Hostile business environment or one that you can never safely escape, and NYC has a real proble.
Link: https://www.forbes.com/sites/greatspeculations/2013/09/17/not-easy-for-new-yorkers-to-escape-the-big-apples-tax-bite/#643002dbd475