NY State is on the precipice
Its largest source of income, the income tax - 40% of tax is paid by 1% of taxpayers
Its second largest source of income, the Federal Government, is already $40 trillion in debt and facing rising interest rates
NY City budget ($115 billion) is same as the entire state of Florida ($117 billion), but with less than 1/3 the people
NY State’s medicaid spending is more than TWICE per capita the next highest state.
NY is a one-party state, dominated by woke government, with a constantly declining population. It attempts to boost that (and thus maintain federal money) with migrants, who generally pay no taxes and only consume services.
NY State deserves to crash, and hard. It will never reform itself otherwise.
Turns out that "helping the puur" is very expensive.