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New York and New Jersey lost $140 billion in income over the last decade—and they’re not alone.
In this episode of Watchdog on Wall Street, we break down how blue states like California, Illinois, and Massachusetts are spiraling into economic chaos. It’s not just high taxes—it’s the bureaucratic mafia mentality that’s driving businesses out.
Here’s what you’ll hear:
- How cities like NYC are using regulatory shakedowns to raise revenue
- Why small businesses are the true victims of bad policy
- How the dynamic, entrepreneurial spirit of New York has been crushed
- Why mom-and-pop shops are being replaced by Walgreens and big banks
- And how voters keep enabling the decline
This isn’t just a brain drain—it’s a capital flight. And it’s only getting worse.