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With The Trump Verdict, Is New York City Bringing Down Its Financial House?

The seven-count New York City fraud lawsuit has been a years-long mess.

I'm no lawyer, but I have done business, so I took a look at Judge Engoron's 92-page ruling from the perspective of a prospective investor in New York.

The judge ordered ongoing and preemptive oversight of all Trump business dealings, as well as prohibited normal business from being conducted by all the defendants.

Given the judge's concern about New York's reputation, what has the business community in New York City and around the world learned from Judge Engoron and Ms. James? That disagreements over a commercial property's present and potential value, even when the bank's independent review prevails in determining the value, can constitute fraud in the eyes of the city.

Aging New Yorkers continue to move to warmer climes, as they have done for decades; only now the Boomers are the largest generation, and these departures are being felt more strongly.

The very high state and local taxes combined with the newish cap on the SALT federal income tax deduction has driven many more New Yorkers to move out of the state.

The greater New York metro area was already home to more than a million illegals but, since Biden's election, the area has most likely seen a doubling of that number.

https://www.americanthinker.com/articles/2024/02/with_the_trump_verdict_is_new_york_city_bringing_down_its_financial_house.html 

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