As the article states the population of New York City has actually remained fairly stable; however, what has the powers-that-be in NYC alarmed is that that the city is losing its rich people, its tax base. The rich people who are leaving are being replaced by poor people, people who will pay no taxes and will be dependent on government largess. The powers-that-be are in a quandary then as to how to reverse this trend and get more wealthy tax payers to move to New York so they will continue to have wealth to redistribute, and use to buy votes, in perpetuity. It will never occur to the Leftie powers-that-be that reducing tax rates could accomplish this. So the Exodus of the rich will continue.
“The New York metro area remains the most populous in the country with 23.7 million residents.”
“Americans have been increasingly relocating from the eastern US and the Rust Belt to cities in Florida, Texas, and the Northwest.”
“The population of the New York region still grew 2.7 percent from 2010 to 2016, thanks to foreign arrivals and births, records show.”
“New York City, the main driver of the region’s population, is on track to have 8.6 million people by 2020, from a current population of 8.5 million, according to July 2016 records. But the area’s growth rate is slowing down.”
People are fleeing New York at an alarming rate
Under the God of Things
link › jameslafond.blogspot.com
This is basically how they try to shore up California. The Latin Americans arriving here from the third world are largely dependent. Half use welfare and the state now has 1/3 of the nation's welfare recipients. Meanwhile, government pension obligations are gobbling up most of the $120 billion state budget. The government hopes to get more property tax revenue by expanding the property bubble. Practically, this means finding rich Chinese and REITs to buy houses here. Oh, and they want to tax pot also.
CA and the mid-atlantic is where this will blow sky-high first.
I'm seeing it right here in Harm City and will do a little piece on it soon.