Some New Yorkers Don’t Want the Superrich to Return
The New York Times
Sure, the tax revenue is nice. But ….
Even without final data from New York City about how many people remained in the city during the pandemic, an abundance of anecdotal evidence exists about the exodus of its wealthiest residents. At the writer Molly Jong-Fast’s Upper East Side apartment building, less than half a dozen of the 47 units were occupied in April 2020, she said. Mark Armstrong Peddigrew, a personal trainer in Lower Manhattan, said that roughly 85 percent of his clients left town. At Loaves & Fishes Foodstore, a grocer in the Hamptons where lobster salad costs more than $100 a pound, there were 30-minute lines on Thursday mornings during the off season.
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