Wall Street Titans plan their exit if socialist Mamdani gets elected as mayor

As communist Zohran Mamdani eyes the NYC mayor’s seat with tax hikes and “defund the police” pledges, Wall Street giants like Goldman Sachs and JPMorgan Chase are accelerating expansions in Dallas, Texas, drawn by lower taxes and faster business approvals.

Goldman Sachs Builds Texas Campus: The firm is investing $500 million in an 800,000-square-foot Dallas facility opening in 2028, consolidating over 5,000 employees amid New York’s political risks.

JPMorgan Shifts Staff Southward: Chase now employs 31,000 in Texas versus 24,000 in New York, capitalizing on the state’s no-transaction-tax policy and streamlined permitting.

Fortress Thrives in Dallas: The $53 billion asset manager opened a 50,000-square-foot headquarters in 2021, praising Texas for 18-month project timelines impossible elsewhere.

Texas Surpasses NYC Finance Jobs: With 519,000 financial sector roles statewide versus New York’s 507,000, Dallas’s 27-minute commutes and vibrant scene position it as a full rival hub.

Such things are, of course, predictable, and will continue.

Still, one must remember that being dem means never having to say you're wrong or sorry.

It will be interesting to see how this unfolds. If the commie wins, New York City is in for some very bad changes but, the voters there will get what they asked for and deserved.

Commie Mandami might make Bill de Blasio look good, in comparison. My wife and I used to go up to NYC around Christmas time every 4 or 5 years. I doubt we will ever go again.

I was working in the city in the late 70's before Giuliani cleaned it up. It was a real sh!thole, but it was wonderful to go visit after Rudy took care of business.

True, indeed.

It will be both fun and sad to watch.