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Woke Blue Cities Defund Themselves
by Monica Showalter American Thinker
‘Defund the police!’ they yelled in 2020, that famous summer of love:
They did that. Now they’re discovering — the hard way — that they’re actually defunding themselves.
According to the New York Post:
A giant, sucking sound is coming out of Wall Street — and it’s siphoning staggering sums of money out of the Big Apple while handing business to Florida and other states farther south.
Nearly 160 Wall Street firms have moved their headquarters out of New York since the end of 2019, taking nearly $1 trillion — yes, that’s trillion with a “T” — in assets under management with them, according to data from 17,000 companies compiled by Bloomberg.