As someone who left NYC in 1973, this does not surprise me. I’m thinking “What took so long?”
The wealthy and the companies they work for pay most of the taxes. The poor consume most of the taxes through social programs. COVID is driving the wealthy and their offices out of the city. No one will be left to pay for the poor, who are stuck here, and the city will collapse in the transition. A classic failed state scenario.
Dagny's Desk 