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Entrepreneur: New York City is Dead and It’s Not Coming Back

Streets are deserted thanks to COVID and people fleeing due to crime & riots.

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Former hedge fund manager and entrepreneur James Altucher says New York City is dead and it’s not coming back.

Born and bred in New York, Altucher took his family and fled to Florida after the Black Lives Matter riots in June when someone tried to break into his apartment.

Since then, the city has continued to suffer a huge surge in shootings and violent crime as well as an anemic financial recovery from the coronavirus lockdown.

Appearing on Fox News Business, Altucher referred to images that were broadcast during the interview showing 6th avenue to be virtually empty.

“We have something like 30 to 50 per cent of the restaurants in New York City are probably already out of business and they’re not coming back,” he pointed out.

Altucher said that despite offices in midtown being allowed to be open, they’re still largely empty because companies like Citigroup, JP Morgan, Google, Twitter and Facebook are encouraging their employees to work remotely from home “for years or maybe permanently.”

“This completely damages not only the economic eco-system of New York City…but what happens to your tax base when all of your workers can now live anywhere they want to in the country?” asked the entrepreneur, noting that many were fleeing to places that are cheaper to live like Nashville, Austin, Miami and Denver.

Warning that the situation was “only going to get worse,” Altucher said that the old New York was not coming back and that creative and business opportunities would now be dispersed throughout the entire country.

“What makes this different now is bandwidth is ten times faster than it was in 2008 so people can work remotely now and have an increase in productivity,” he added.

As we document in the video below, the blame for all this lies firmly at the feet of two people, Governor Cuomo and Mayor de Blasio.

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Economy

Tucker Carlson On Gas Panic: “Somebody Did This To Us On Purpose”

It’s a “grimmer version of the 1970s”

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Steve Watson

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Tucker Carlson warned Tuesday that the disruption in the Colonial Pipeline and the resulting shortage panic is being carried out by design.

Carlson noted that the situation represents a “grimmer version of the 1970s” with many states declaring emergency shortages, and resulting price gouging as a result of, we are told, “some mysterious gang of cybercriminals [who] hacked the software at a major American fuel supplier.”

Referring to the Biden administration, Carlson declared “The same lunatics who don’t believe in Human Biology immediately made a serious mess of our economy, it took them less than six months to do it.”

Comparing the scenes to Venezuela, Carlson noted that the New York Times says this is just another “conspiracy theory”.

Watch:

“On some level, let’s be honest about it, the White House approves of this disaster,” Carlson proclaimed, adding that “the lunatics plan to close every gas station in the entire United States, shuttered forever, to make way for some new as yet not quite defined means of transportation that will magically replace the gasoline engines that we have used for more than a hundred years.”

Carlson continued “bad federal policies are distorting the price of everything in this country from two by fours to diesel fuel to corndogs.”

“None of this is an accident just as it wasn’t an accident when the power went out in Texas over the winter,” the host continued, adding “It wasn’t a cold snap that did it. It was a federal policy that encouraged the state to rely on windmills which don’t actually work.”

“It’s not a natural cycle. Somebody did this to us on purpose,” Carlson warned.

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Economy

50 Cent Flees New York For Texas After Complaining About COVID Restrictions, High Taxes

Joins wave of Americans, both rich and middle class, leaving coastal cities.

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Jamie McCarthy via Getty Images

Rapper Curtis ’50 Cent’ Jackson has joined the wave of Americans fleeing New York, announcing that he had moved to Texas after complaining about draconian COVID-19 restrictions and high taxes.

“I love New York, but I live in Houston now,” 50 Cent told his social media followers. “I’ll explain later.”

However, the hip hop star had already made it clear why he was planning to leave the Big Apple in March by responding to Texas Governor Greg Abbott’s vow to lift mask mandates and other lockdown restrictions with the remark, “I’m headed to Texas fuck this.”

The actor and producer is also notorious for flouting COVID rules, having hosted a huge party in an aircraft hangar in St. Petersburg, Florida back in February, putting himself at risk of a massive fine.

In October last year, Jackson also said he was voting for Trump in an attempt to avoid Joe Biden’s punishing tax policies, which would have taken 62% of his earnings.

“I don’t care [if] Trump doesn’t like black people,” 50 Cent said. “62% – are you out of ya f**king mind?”

50 Cent follows Elon Musk and Joe Rogan in fleeing from a liberal coastal city to low tax Texas, but many ordinary Americans are also making the move.

A survey conducted in September 2020 found that two in five New Yorkers wanted to leave the city, with the reasons cited being crime and public safety as well as the anemic post-COVID economic recovery.

Moving trucks became a common sight on the streets, with 2020 showing a 44% increase in home sales in the suburbs compared to the same time period in 2019 as people flee for bigger homes in safer areas.

As we highlighted yesterday, judging by the supposedly ‘busy’ rush hour traffic in Manhattan, it may take years for New York to recover from draconian lockdown measures.

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Economy

Rotten Apple: ‘New York as Dead as it Was a Year Ago’

Is it ever coming back?

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Noam Galai via Getty Images

Unlike other areas of the country like Texas and Florida, New York appears to be trapped in a permanent state of lockdown malaise, with one observer noting how empty streets suggest the city is “seemingly as dead as it was a year ago.”

Reason host Nick Gillespie tweeted a video of morning rush hour traffic on The Bowery, a street located in a normally busy neighborhood in Manhattan.

Suffice to say, it’s not that busy.

“New York is seemingly as dead as it was a year ago,” commented Gillespie.

Respondents blamed harsh coronavirus lockdown restrictions for the city’s decline.

“Everyone moved to Florida,” remarked one.

“It’s absolutely tragic what these morons have done to my beautiful city. It’s going to take years to recover from this,” commented another.

A survey conducted in September 2020 found that two in five New Yorkers wanted to leave the city, with the reasons cited being crime and public safety as well as the anemic post-COVID economic recovery.

Removal trucks became a common sight on the streets, with 2020 showing a 44% increase in home sales in the suburbs compared to the same time period in 2019 as people flee for bigger homes in safer areas.

Former hedge fund manager and entrepreneur James Altucher previously warned that the city was on its knees and that there were no signs of New York’s political leadership offering a way out of the malaise.

“We have something like 30 to 50 per cent of the restaurants in New York City are probably already out of business and they’re not coming back,” he pointed out.

Regular Black Lives Matter riots that include demonstrators telling white people to “get the fuck out of New York” also can’t be helping.

The trend of people fleeing big cities, largely as a result of the pandemic but also for other reasons, is mirrored in London, where 700,000 people left the English capital in 2020.

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