Many if not most of the seriously rich have homes outside of New York City (former Mayor Bloomberg has about half a dozen, IIRC). The "merely" rich commute to the city from New Jersey and Connecticut. In effect, "the rich" already have exited. If de Blasio makes things too difficult for employers, the jobs themselves will move out of the city and to more friendly places. This experiment n socialism is going to be a lot of fun to watch -- so long as you don't actually live in New York.
My thoughts, exactly. When the so-called “RICH”, many of whom live OUTSIDE of the city, leave along with the JOBS they create, New York will go down the drain the rest of the way.
With the advent of the internet, it is no longer necessary for all the financial businesses to be located close at hand. The “net” is faster than taking an elevator down three floors.
Those who pay attention to the future in New York will get a close at hand lesson in the wonders of Socialism.
Good luck to them. No best wishes, though.
NYC taxes are paid upon dollars earned in NYC. It's not necessary for someone to live in NYC to be subject to tax.
Rush has an ongoing battle with NYC over taxes. They would love to tax him on earnings although he no longer lives there and the show is not based there. They want to tax him even on the time he would spend broadcasting from there if he were visiting there.
When companies decide to move across the river, you'll see the effect.