Carl Schramm is a professor at Syracuse University and is as pro-capitalist as they come. He sees much of the wealth destruction going on in New York City and State and can’t believe it’s come down to this. Comrade DeBlasio has declared war on the rich and now New York City is going to pay the price. Already over $1 billion in Florida real estate has been purchased by those seeking refuge from his policies. The problems will only mount as just 5,000 people pay nearly 30 percent of the City’s personal income tax. FSN’s prediction is that the City will be bankrupt in 3 years of less.
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