Anxiety when New York billionaires refuse to come home



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Of: TT

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1 of 5 | Photo: John Minchillo / AP / TT

Many New Yorkers have fled the city during the pandemic and the Hamptons are a popular getaway. Stock Photography.

Many of those who fled New York during the pandemic seem reluctant to return. It has led comedian Jerry Seinfeld to come out in defense of his city, and Governor Andrew Cuomo to try to lure wealthy taxpayers home with drinks.

It is one of the most difficult times New York has experienced. But comedian Jerry Seinfeld refuses to leave his city, writing in a sharp defense speech. The cape is addressed to a man who wrote a post about how New York “died forever” in the wake of the pandemic and will not recover.

“This stupid virus will give up in the end. Just like you,” writes Seinfeld, stating that the city will rise “because of all the real tough New Yorkers who, unlike you, loved it and got it, stayed and it. built “.

Difficult with distance

But many are not as loyal to their city as the American comedian. When the coronavirus swept through the worst and made New York the center of the pandemic in the United States, many packed their bags.

High prices, small apartments, congestion and dependence on public transportation made it more difficult to keep your distance and stay at home. Some lost their jobs and had to cut housing costs, others chose to settle in their vacation homes, and many students returned home to their parents.

It’s hard to find official statistics on how many have fled New York. But between March 1 and May 1, some 420,000 people left the city, according to The New York Times, which has analyzed phone data.

It is unclear how many have returned since then. But in the American media, moving companies still testify to busy days, and some have so much to do that they have to say no to jobs.

– It’s crazy. We have twice as many clients, maybe more, than last year, Vladislav Grigor, who works at a moving company in Manhattan, tells The New York Times.

Bor i Hamptons

Among those who have left New York are many of the city’s wealthiest residents, who are often able to work from their greedy vacation homes. And some don’t seem particularly eager to go home in the fall.

Enrollment at the schools in the society’s mecca, The Hamptons, has increased and not a day passed before a company offering daily helicopter service from there to Manhattan exhausted the 250 “commuter cards” available to them. September.

The development does not bode well, according to the New York governor, who is calling on the wealthy to come back and help the city recover. According to Democrat Andrew Cuomo, the one percent of New York residents make up about half of the city’s tax revenue and now he is concerned that their flight will have dire financial consequences.

– They are in their homes in the Hamptons, Hudson Valley or Connecticut. I literally talk to them every day. I say: “when are you coming back?” I am having a drink. I can make you dinner, Cuomo said in early August.

– But they’re not going back right now. And they also think that if they stay there, they will pay lower income taxes because they don’t pay New York tax surcharges. That would be really bad for us.

I don’t want to scare

Democrats in the New York state legislature have proposed raising taxes for the wealthiest as a way to deal with the economic crisis that the pandemic has brought. But Cuomo has said that the state’s 100 or so billionaires cannot cover the large budget deficit, but instead hope to receive state financial support.

The governor believes there is a risk that the ultra-rich will leave New York for good if they face the threat of higher taxes.

– Let’s say there are 100 billionaires. So we have to tax each billionaire half a billion dollars to get it. Do you realize what that means? This means that there will be no billionaires left, he told reporters.

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