… now, let’s see how well it works out:
Coronavirus prompted residents in richest parts of Manhattan to flee
Thousands of residents — about five percent or around 420,000 people — left wealthy New York City neighborhoods. Populations in the Upper East Side, the West Village, SoHo and Brooklyn Heights declined about 40 percent between March 1 and May 1, according to a report by the New York Times.
The vast majority here are almost certainly very temporary moves and they’ll doubtless come back and bring their money with them. However, *some* fraction will be gone permanently, and some larger fraction will be gone for a number of months, some beyond 6 months. At which point New York City loses their taxes. Woo!
Some 75% or so of them were paying $2000 or more per month in rent. In contrast, regular folk unsurprisingly hunkered down. End result: Manhattan got a bit poorer, with less of those filthy, filthy One Percenters cluttering up the joint. Just like how the Socialists want it, just through a Communist-started pandemic rather than a Socialist-led revolution.
But this sort of thing has been foreseen. From a bit over a year ago, long before the Kung Flu:
Cuomo Announces $2.3 Billion Revenue Shortfall: ‘God Forbid If the Rich Leave’
Ruh-roh…
