Political Hub

Facebook/JohnNeelyKennedy New York City has long been regarded as the financial capital of the world, attracting some of the wealthiest individuals on the planet. However, in recent years, there has been a noticeable trend of wealthy people leaving the city. In a conversation between Mr. Kennedy and Dr. Kimberly Clausing, the question was posed: why are so many wealthy people leaving New York City? Dr. Clausing acknowledged that New York City is an incredible city of innovation and immigration, with many advantages to living near centers of entrepreneurial activity. However, when asked if wealthy people are leaving to be nearer to such centers, she replied that she did not believe that many people were fleeing the city. Mr. Kennedy countered that there were thousands leaving, citing multiple studies. Dr. Clausing noted that she could not speak to why particular individuals were leaving. Mr. Kennedy then offered his own opinion, stating that he believed that taxes were a significant fac...