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However, these actions trigger a predictable exodus of investment and business operations—most notably, major Wall Street firms like Apollo Global Management, which manages nearly a trillion dollars in assets, are already contemplating relocating out of New York due to tax hikes and unfriendly business climates. The result? Economic stagnation, a rise in rents pushing averages to $5,000/month, and a city on the precipice of financial disaster.

The Flight of Business and Wealth