On: Fleeing New Yorkers resulted in an estimated $34B in lost income – study

[threatofrain]

We don't have to sympathize with rent-seekers necessarily, but I would wonder if the rest of the city can move as adaptively to wherever opportunity beckons, and whether NY can downscale their city services accordingly.

[toomuchtodo → threatofrain]

It serves as a cautionary tale when your budget isn’t as agile as those who make up the tax base.

[iratewizard → toomuchtodo]

In a lot of ways, city infrastructure investment is a ponzi scheme with one layer of abstraction.