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Texas Gov. Abbott welcomes NY companies after Mamdani demonizes wealthy Big Apple CEO Ken Griffin
NY Post ^ | Published May 11, 2026, 6:00 a.m. ET | By Carl Campanile

Posted on 05/11/2026 5:45:06 AM PDT by dennisw

Howdy, pardner!

Texas Gov. Greg Abbott is welcoming Big Apple companies relocating or expanding in the Lone Star State after New York City Mayor Zohran Mamdani demonized billionaire hedge-fund honcho Ken Griffin for being rich.

“Governor Abbott is proud to welcome businesses and job creators from across the country to Texas, where we have no state income tax, reasonable regulations, and a pro-growth environment that encourages free enterprise to flourish,” Abbott’s spokesman, Andrew Mahaleris, told The Post.

“Punitive policies that target successful job-creating entrepreneurs only accelerate the trend of companies choosing Texas,” Gov. Greg Abbott’s spokesman Andrew Mahaleris said.

Texas has already surpassed the Empire State when it comes to financial sector employment, with a total of 519,000 employees compared with New York’s 507,000, according to data from the nonprofit Partnership for New York City.

JPMorgan Chase now has more employees in Texas than in New York — where the Big Apple is at risk of losing its crown as the center of the global financial industry.

In a one-two punch, Griffin as well as Apollo Global Management honcho Marc Rowan threatened to expand outside New York City — while a silent wave of businesses have been “quiet quitting” the city over its hostile environment, insiders told The Post last week.

A White House adviser said Mamdani’s anti-corporate, anti-rich CEO rhetoric is a gift that could help Republicans retain the White House in 2028 after President Trump leaves office.

“Don’t interrupt your enemy when he’s making a mistake,” the White House insider told The Post.

“People in New York are looking at real estate in Dallas and Miami,” said the GOP source with ties to New York.

(Excerpt) Read more at nypost.com ...


TOPICS: Crime/Corruption; Culture/Society
KEYWORDS: doomandgloom; exodus; industry; newyork; texas

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1 posted on 05/11/2026 5:45:06 AM PDT by dennisw
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To: dennisw

2 posted on 05/11/2026 5:47:17 AM PDT by dennisw (Qatarlson the Insufferable blowhard. There is no limit to human stupidity. |||||||||||||||||||||||||)
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To: dennisw

Good for Abbott. Let’s hope that Texas doesn’t find a way to screw this up by starting to implement Democrat-lite policies.


3 posted on 05/11/2026 5:50:49 AM PDT by Opinionated Blowhard (When the people find that they can vote themselves money, that will herald the end of the republic.)
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To: dennisw

These Mandami types of mayors don’t mind that much if businesses, normies, conservatives, big Wall Street firms leave NYC. Their attitude is, “Good that they are gone. Now I can get re-elected” “I don’t mind ruling over the ruins of a once great city”

This applies to the numbskull female mayor of Seattle too.
The future of NYC is to look like Muslim ruled Karachi, Pakistan.


4 posted on 05/11/2026 5:52:19 AM PDT by dennisw (Qatarlson the Insufferable blowhard. There is no limit to human stupidity. |||||||||||||||||||||||||)
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To: Opinionated Blowhard

my worry is how liberals are trying to use the rural data center issue to split off enough rural voters for the big cities to take over.

We have to start fighting back on this issue. Every time a new data center is proposed in a rural area, it needs to be made clear the property taxes for local residents will be greatly reduced or eliminated by the extra property tax the data center will be paying


5 posted on 05/11/2026 5:54:27 AM PDT by TexasFreeper2009
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To: Opinionated Blowhard

Easy prediction. As normies and the middle class whites & middle class minorities bail out of NYC.....It will become more and more Muslim, browner, more immigrant, more socialist & leftist.


6 posted on 05/11/2026 5:56:27 AM PDT by dennisw (Qatarlson the Insufferable blowhard. There is no limit to human stupidity. |||||||||||||||||||||||||)
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To: dennisw

The destruction of Texas project continues…


7 posted on 05/11/2026 5:59:00 AM PDT by DesertRhino (When men on the chessboard, get up and tell you where to go…)
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To: Opinionated Blowhard

I don’t like the premise of offering tax-incentives to “certain” businesses. That is the equivalent of picking winners and losers. Treat them all the same and just make it conducive for all businesses to proper.


8 posted on 05/11/2026 6:00:55 AM PDT by Resolute Conservative
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To: dennisw

The “business community” deserves this. Many of them funded the communists and even more of them sat by idle, as they watched the communists gain control.


9 posted on 05/11/2026 6:04:40 AM PDT by brownsfan (We are already on the slippery slope.)
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To: dennisw

That’s wrong it’s The Big Rotten Apple


10 posted on 05/11/2026 6:10:08 AM PDT by butlerweave (Fateh)
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To: dennisw
1) Capital, large and small alike, is fungible.

2) Buying choices, including the choice to not make a purchase, can be done by the rich and poor alike.

3) And, of course, to win or lose politically are not the only options. People walk away. They are noticed when they are absent.

11 posted on 05/11/2026 6:16:03 AM PDT by Worldtraveler once upon a time (Degrow government)
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To: dennisw
The best available official measurements show that the top 1% of New York City income‑tax filers account for roughly 40–48% of the city’s personal‑income‑tax (PIT) liability, and that PIT itself represents only a portion of overall city tax revenue — meaning the top 1% supply roughly 8–10% of total city tax receipts in analyses that combine these figures. Different reports use different years and definitions (top 1% of PIT filers, millionaires, or filers with $1M+), producing estimates that range from about one‑tenth to nearly one‑fifth of total city taxes when methodologies vary.

https://factually.co/fact-checks/finance/nyc-taxes-top-1-percent-earners-portion-4e2805

Great plan Mamdani, what’s the new plan to generate revenue for NYC government?

12 posted on 05/11/2026 6:18:27 AM PDT by Lockbox (politicians, they all seemed like game show host to me.... Sting)
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To: Opinionated Blowhard

“Good for Abbott. Let’s hope that Texas doesn’t find a way to screw this up by starting to implement Democrat-lite policies.”

Depends on what kind of people move to Texas (or other normal states). If they are normal decent people escaping the filth then all’s good. On the other hand, if it’s the filth itself that’s moving then the normal states are cornholed.


13 posted on 05/11/2026 6:24:37 AM PDT by Bonemaker (invictus maneo )
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To: TexasFreeper2009

” Every time a new data center is proposed in a rural area, it needs to be made clear the property taxes for local residents will be greatly reduced or eliminated by the extra property tax the data center will be paying”

That’s the promise the developers always make, that the more development there is, the lower the taxes will be. It never pans out. Build another shopping mall or another housing complex on Long Island and your taxes will go down they said. It never happened. They always went up.


14 posted on 05/11/2026 6:25:49 AM PDT by rxh4n1
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To: butlerweave

15 posted on 05/11/2026 6:27:03 AM PDT by Bonemaker (invictus maneo )
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To: Opinionated Blowhard

Good for Abbott. Let’s hope that Texas doesn’t find a way to screw this up by starting to implement Democrat-lite policies.
************
Griffin needs to do his part to keep this from happening. The people tearing down the USA are never short of cash.


16 posted on 05/11/2026 6:28:39 AM PDT by Socon-Econ (adi)
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To: dennisw

Abbott’s rejoinder to Zohran the Moron’s anti-capitalistic spiel was perfect.


17 posted on 05/11/2026 6:30:37 AM PDT by SharpRightTurn (Giving money & power to government is like giving whiskey & car keys to teenage boys. P. J. O'Rourk)
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To: Opinionated Blowhard

All it does is makes the Blue states even bluer, and the Red States more purple.


18 posted on 05/11/2026 6:32:29 AM PDT by dfwgator ("I am Charlie Kirk!")
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To: brownsfan
This was all the GWB trifecta of socialism, globalism and crony capitalism so he could invade Iraq to fix the middle east. Yeah - he was that styupid. And we have the corruption addicted uniparty centered in Davos all rotting in the fetid swamps wherever around the world the elite of malignant narcissists gather.
19 posted on 05/11/2026 6:37:07 AM PDT by AndyJackson
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To: rxh4n1

I lived near an area in the 1980’s where the homeowner paid zero property taxes because the local mall generated enough tax revenue.

So it can be done, and should be part of the approval process in any area. We will only approve if the proposal is coupled with the elimination of local property taxes for homeowners.


20 posted on 05/11/2026 6:56:59 AM PDT by TexasFreeper2009
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