Posted on 03/30/2026 9:13:42 PM PDT by SeekAndFind
As New York City's filthy commie mayor struggles to fill a $5.4 billion budget gap with a massive soak-the-rich-then-soak-them-some-more tax hike, trillion-dollar asset management fund Apollo Global Management says it will open a secondary headquarters in Florida or Texas. "Apollo expects most of its future hiring to be in the second hub rather than Manhattan," according to the New York Post, surprising literally no one.
"The reality is that you can’t propose budget after budget that vilifies employees and then be surprised when they decide to go somewhere else," Partnership for New York City CEO Steve Fulop told the paper.
"New York City can't tax people in sane states," Your Friendly Neighborhood VodkaPundit sagely added while adding an extra dash of schadenfreude to his Bloody Mary.
You know what happens after a huge firm like Apollo builds a second headquarters in a low-tax, liberty-loving state like Florida or Texas, right? Sooner or later, they shrink operations at the old HQ before finally boarding the windows and padlocking the doors.
"TAX THIS!" to put it in language New Yorkers understand and enjoy.
Before we get deeper into this, I'd like to apologize for the completely over-the-top hyperbole in the lead and in the headline. As it turns out, Apollo Global Management is nothing like a "trillion-dollar firm." In fact, Apollo manages a meager $900 billion in assets, which is practically nothing, and certainly not even close enough to a trillion dollars for Mamdani and his commie cronies to ever miss it.
On the other hand, $900 billion here, $900 billion there, and pretty soon you're pining for the days of $5.4 billion deficits.
So about that deficit.
NYC has an annual budget of about $127 billion, and chronic deficits of $4-6 billion.
(Excerpt) Read more at pjmedia.com ...
Dear FRiends,
We need your continuing support to keep FR funded. Your donations are our sole source of funding. No sugar daddies, no advertisers, no paid memberships, no commercial sales, no gimmicks, no tax subsidies. No spam, no pop-ups, no ad trackers.
If you enjoy using FR and agree it's a worthwhile endeavor, please consider making a contribution today:
Click here: to donate by Credit Card
Or here: to donate by PayPal
Or by mail to: Free Republic, LLC - PO Box 9771 - Fresno, CA 93794
Thank you very much and God bless you,
Jim
Zohran Mamdani, who wants to throw additional billions of Other People’s Money at public education (already some of the most expensive in the world, and with terrible results), legal services for illegals fighting deportation, city-run grocery stores, Homeless Inc., free buses, and more.
NYC lavishes its 8.5 million people (and shrinking) with $127 billion in spending, not including whatever Albany contributes with state spending. That’s just shy of $15,000 per person in city spending alone, but I wonder if you’ll ever meet a New Yorker who feels like they get anything close to $15,000 in services.
The city’s budget is slightly more than the entire state of Florida ($117.4 billion) spends on the state’s 23.5 million people (and growing). Florida’s budget includes $16.75 billion in reserves and $250 million for debt reduction.
But let’s look at Miami, Florida’s largest city, where the local government spends just $3,600 per denizen — or roughly a quarter of NYC’s largess. Yet the Post notes that Mamdani views his city’s deficit as “a crisis that can only be fixed with more taxes to build revenue.”
“Florida has already lured heavyweights like Citadel and Elliott Management,” the Post reminds readers, while “Goldman Sachs and JPMorgan are hunkering down in Texas.”
I think NY State should be broken into at least two pieces.
Let Upstate become a normal midwest state.
The woke-debt-welfare cancer that is NY City needs to be excised.
GOOD FOR THEM
RE: I think NY State should be broken into at least two pieces.
There are and have been several movements regarding secession from the U.S. state of New York. Only one of them – the state of Vermont – succeeded.
Among the unsuccessful ones, the most prominent included the proposed state of Long Island, usually proposed as consisting of Suffolk and Nassau counties; a state called Niagara, the western counties of New York state; the northern counties of New York state called Upstate New York; making the city of New York a state; a proposal for a new Peconic County on eastern Long Island; and for the borough of Staten Island to secede from New York City.
See here:
https://en.wikipedia.org/wiki/Partition_and_secession_in_New_York
that my happen in the future but up to this point, Florida is redder now than ever before.
Registered Republicans now outnumber Democrats by well over 1 million voters, just 7-8 years ago Democrats outnumbered Republicans by 300-400,000.
For every liberal that moves south, an equal number or more middle of the road to conservative move out thru retirement or finally getting fed up with places like NY.
Doomsdayers love to say that. Makes them feel all warm and fuzzy.
“As New York City’s filthy commie mayor struggles to fill a $5.4 billion budget gap...”
THe NYC education budget is a ridiculous $43 BILLION dollars. They have no issue cutting the budget of the police which has a budget of only $6 billion, but by God no way will they cut that ed budget because nothing is more important in Randi Weingarten teachers union than getting democraps their campaign money.
Hmmm...
Maybe an ocean rise of about 25 feet could be a positive event...
Most major cities at sea level are communist-run blue hells...
Our Buck-Toothed incompetent puppet Princess Kathy is now shaking at the thought of having to go to the NYS Legislature to have them pass a law to make it illegal for Apollo to leave.
New York Upstaters are doomed. What a merde show.
NYC elects a leftwing communist AND muzzoid terrorist supporter.
Leftism demonstrates it is a cult of insane stupidity.
Again.
............””Leftism demonstrates it is a cult of insane stupidity.”
When my kids were little, they’d call those Dems “Doo Doo Heads”
I’m simply amazed more financial firms and banks like Citi and JP Morgan haven’t already moved out of NYC entirely. Most of their employees are dying to get transferred to other financial hubs like Charlotte and Dallas. Even though the banks force them to take a 20-25% haircut, their standard of living still goes way way up. Time to leave that overcrowded, expensive, filthy, crime-ridden cesspool NYC.
Just drop a nuke on NYC and New York state would be saved. Make it an H-bomb so you can get them all.
when everybody else was dooming and glooming over the election of Mandami, I said it was a good thing and that he would be a huge asset to Republicans in the 2028 election. I stand by that. You think NYC is bad now. Just wait a couple years.
Soon time to erect a 20 ft electric fence around NYC!
Once the old hippies and baby boomers die off, the Democrat cavern of ideas will sink the party.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.