Why would Dallas, Texas love New York?
Is it because of how wonderful New York is,? Nope.
Interestingly enough (and potentially devastating enough for New York), it is the exact opposite.
Here’s why, via excerpts from James Franey’s article in the New York Post:
Dallas Mayor Eric Johnson taunted Zohran Mamdani over his war on Wall Street — claiming that the Big Apple mayor’s antagonism is accelerating a stampede of businesses down to the booming Texas city.
In an exclusive interview with The Post, the Republican mayor of Dallas — the fast-growing metropolis that financiers have branded “Y’all Street” — revealed that the migration of corporate titans out of New York is “only getting stronger” after the first six months of the Mamdani administration.
“Mayor Mamdani might be the best thing for Dallas business to ever happen to the city, other than our not having a state income tax,” Johnson quipped. “My message to Mayor Mamdani is, you’re wrong, but keep it coming.”
Johnson’s comments came just over a month after a two-day pitch in Manhattan on April 13 and April 14, where he and a delegation of Dallas business leaders wooed Wall Street heavyweights, including JPMorgan Chase, BlackRock, and Fortress Investments.
The meetings capitalized on what Johnson described as growing fatigue among New York executives over soaring taxes and open hostility from City Hall and Albany.
“The mayor of Dallas, myself, the mayor of New York couldn’t be more diametrically opposed,” Johnson said. “He is an avowed socialist, I’m an avowed capitalist.”
Johnson accused Mamdani and Gov. Kathy Hochul of having “hostility towards business, and frankly, towards successful individuals,” which is actively driving top talent and entire companies out of the Empire State.
“The rhetoric out of New York continues to be increasingly anti-business, and very much anti-capitalist, and showing no signs of reversing itself,” he added.
Does Mayor Johnson have a point?
Is he right to conclude that New York City Mayor Mamdani – who has no business or executive experience to draw on, only an apparent disdain for successful people along with a hatred of Israel – is trying to recreate New York City by advocating for things that may wow ’em at socialist gatherings but are disastrous in the real world?
It won’t take long to find out whether he, or Mayor Mamdani, is making the most sense.
Personally, my money is on Mayor Johnson.
