Worries About New York City Grow

Goldman Sachs ($GS) predicts that the proposed new tax law will spark some David Tepper-like rich flight out of New York and Connecticut. Choice quote, “These changes could create additional fiscal challenges for the high-tax areas, some of which already face structural pension funding issues,” the economists said. Luckily there are no services issues in the city like, we don't know, busted ferries, busted buses, or busted subways that will require vast amounts of capital to fix up to 1980s standards, let alone 2030. Go Yanks.