Скачать или смотреть NYC's Socialist Mayor PANICS as Goldman Sachs Abandons Wall Street for Dallas | Caroline Vance

The piece argues that New York City’s election of Democratic Socialist mayor Zohran Mamdani, with a platform centered on higher taxes for the wealthy and corporations, is accelerating an already serious exodus of capital, companies, and high-earning professionals to lower-tax states like Texas, with Goldman Sachs’ $500 million Dallas campus used as a central symbol of this shift. It contends that Mamdani’s proposed taxes do not mathematically cover the cost of his expansive social programs, ignore behavioral responses like relocation and income shifting, and concentrate the city’s fiscal burden on a shrinking taxpayer base that already funds a disproportionate share of revenues. Citing corporate relocations, declining millionaire residency, growing budget shortfalls, and Texas surpassing New York in financial-sector employment, the narrative concludes that New York is signaling hostility to wealth creation, risking long-term fiscal decline as investment and growth move elsewhere.