Amazon Backing out of NYC What knock on Effects on the Stock Market?

william the wie

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Nov 18, 2009
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I'm wondering if the NYSE will move even more jobs to TN. The majority of employees in investment banking do not make much take home money by NYC or Chicago standards and say 80% of those salaries pre-tax in TN where there is no state income tax and not just somewhat faster real estate appreciation but tamer swings means a win-win for both the minions and the bosses but a huge hit to Albany and Springfield that will result in tax increases. This will make Chicago and NYC less desirable places to reside in. So what results do you expect?
 

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