Let's move Wall Street to Dallas or Ft. Worth, TX

[JGalt]

In light of New York City's current political climate, I believe Wall Street should relocate to Texas. The new Texas Stock Exchange (TXSE), also called "Y'all Street," is launching in Dallas in 2026 as a competitor to traditional exchanges. The TXSE is a new, fully electronic exchange that has secured significant funding from major financial firms, and many financial institutions are expanding their presence in Texas due to factors like a business-friendly environment and lower taxes. Many major financial firms, like Goldman Sachs and JPMorgan, are already expanding their operations in Texas, drawn by lower taxes, a lower cost of business, and a growing talent pool.

Why major financial firms are expanding Texas presence beyond traditional Wall Street hub​

Financial services firms have increased their presence in the state of Texas in recent years as they diversify their strategic footprint beyond the traditional financial hub of New York City's Wall Street.

Several of the nation's most prominent banks and financial institutions have built new campuses or increased their operational presence in Texas in recent years. The trend comes following many Americans' relocations during the COVID-19 pandemic away from high-tax states like New York and California to those with lower tax and regulatory burdens.

The New York City mayoral election set to be held on Tuesday could factor into future decisions by financial firms regarding where to station their workforces. Critics of the policies advocated by Democratic nominee Zohran Mamdani, who identifies as a democratic socialist, have warned that his tax hike plans and other policies could incentivize businesses' departures.

Here's a look at five major financial firms and their presence in the Dallas area, one of the key economic hubs in the Lone Star State...."

Why major financial firms are expanding Texas presence beyond traditional Wall Street hub

 

[1srelluc]

From what I understand TX has the inside track as it has been building out the infrastructure to make the move from NYC as seamless as possible.

 

[wamose]

In light of New York City's current political climate, I believe Wall Street should relocate to Texas. The new Texas Stock Exchange (TXSE), also called "Y'all Street," is launching in Dallas in 2026 as a competitor to traditional exchanges. The TXSE is a new, fully electronic exchange that has secured significant funding from major financial firms, and many financial institutions are expanding their presence in Texas due to factors like a business-friendly environment and lower taxes. Many major financial firms, like Goldman Sachs and JPMorgan, are already expanding their operations in Texas, drawn by lower taxes, a lower cost of business, and a growing talent pool.

Why major financial firms are expanding Texas presence beyond traditional Wall Street hub​

Financial services firms have increased their presence in the state of Texas in recent years as they diversify their strategic footprint beyond the traditional financial hub of New York City's Wall Street.

Several of the nation's most prominent banks and financial institutions have built new campuses or increased their operational presence in Texas in recent years. The trend comes following many Americans' relocations during the COVID-19 pandemic away from high-tax states like New York and California to those with lower tax and regulatory burdens.

The New York City mayoral election set to be held on Tuesday could factor into future decisions by financial firms regarding where to station their workforces. Critics of the policies advocated by Democratic nominee Zohran Mamdani, who identifies as a democratic socialist, have warned that his tax hike plans and other policies could incentivize businesses' departures.

Here's a look at five major financial firms and their presence in the Dallas area, one of the key economic hubs in the Lone Star State...."

Why major financial firms are expanding Texas presence beyond traditional Wall Street hub

Good idea. We wouldn't want our financial hub located in a lawless commie town. Time for a change. Anyway, all the vacant buildings will make it easier for Mamu to house all his slacker constituents. FREE. What idiots. America first. MAGA

 

[Polishprince]

The Dallas area makes sense, it isn't like Florida or Houston Texas, and isn't subject to periodic tropical cyclones rolling through.

 

[EvilCat Breath]

Goldman Sachs is moving to Dallas.

https://www.goldmansachs.com/pressroom/press-releases/2025/gs-unveils-fresh-look-inside-northend-campus

 

[JohnDB]

In light of New York City's current political climate, I believe Wall Street should relocate to Texas. The new Texas Stock Exchange (TXSE), also called "Y'all Street," is launching in Dallas in 2026 as a competitor to traditional exchanges. The TXSE is a new, fully electronic exchange that has secured significant funding from major financial firms, and many financial institutions are expanding their presence in Texas due to factors like a business-friendly environment and lower taxes. Many major financial firms, like Goldman Sachs and JPMorgan, are already expanding their operations in Texas, drawn by lower taxes, a lower cost of business, and a growing talent pool.

Why major financial firms are expanding Texas presence beyond traditional Wall Street hub​

Financial services firms have increased their presence in the state of Texas in recent years as they diversify their strategic footprint beyond the traditional financial hub of New York City's Wall Street.

Several of the nation's most prominent banks and financial institutions have built new campuses or increased their operational presence in Texas in recent years. The trend comes following many Americans' relocations during the COVID-19 pandemic away from high-tax states like New York and California to those with lower tax and regulatory burdens.

The New York City mayoral election set to be held on Tuesday could factor into future decisions by financial firms regarding where to station their workforces. Critics of the policies advocated by Democratic nominee Zohran Mamdani, who identifies as a democratic socialist, have warned that his tax hike plans and other policies could incentivize businesses' departures.

Here's a look at five major financial firms and their presence in the Dallas area, one of the key economic hubs in the Lone Star State...."

Why major financial firms are expanding Texas presence beyond traditional Wall Street hub

Actually....
Head to Florida or Tennessee, no state income taxes there.
Phone in orders to Salt Lake City.....already established exchange.

Texas ain't the same as it used to be....wish it were.

 

[JohnDB]

 

[Blaster]

Mamdani is doomed to failure.

 

[1srelluc]

LOL....What did I tell you....Palm Springs realtors were licking their chops over a Mamdani win.

 

[Toddsterpatriot]

Actually....
Head to Florida or Tennessee, no state income taxes there.
Phone in orders to Salt Lake City.....already established exchange.

Texas ain't the same as it used to be....wish it were.

The left has never been very good at understanding incentives. Or math.

 

[marvin martian]

In light of New York City's current political climate, I believe Wall Street should relocate to Texas. The new Texas Stock Exchange (TXSE), also called "Y'all Street," is launching in Dallas in 2026 as a competitor to traditional exchanges. The TXSE is a new, fully electronic exchange that has secured significant funding from major financial firms, and many financial institutions are expanding their presence in Texas due to factors like a business-friendly environment and lower taxes. Many major financial firms, like Goldman Sachs and JPMorgan, are already expanding their operations in Texas, drawn by lower taxes, a lower cost of business, and a growing talent pool.

Why major financial firms are expanding Texas presence beyond traditional Wall Street hub​

Financial services firms have increased their presence in the state of Texas in recent years as they diversify their strategic footprint beyond the traditional financial hub of New York City's Wall Street.

Several of the nation's most prominent banks and financial institutions have built new campuses or increased their operational presence in Texas in recent years. The trend comes following many Americans' relocations during the COVID-19 pandemic away from high-tax states like New York and California to those with lower tax and regulatory burdens.

The New York City mayoral election set to be held on Tuesday could factor into future decisions by financial firms regarding where to station their workforces. Critics of the policies advocated by Democratic nominee Zohran Mamdani, who identifies as a democratic socialist, have warned that his tax hike plans and other policies could incentivize businesses' departures.

Here's a look at five major financial firms and their presence in the Dallas area, one of the key economic hubs in the Lone Star State...."

Why major financial firms are expanding Texas presence beyond traditional Wall Street hub

It's on the way. Many of the big financial firms are moving their operations out of New York and into Texas already. Once the foundation is laid, moving the exchanges will be a no-brainer.

 

[JohnDB]

The left has never been very good at understanding incentives. Or math.

What will happen is that Mandami will offer tax credits and exemptions to the billionaires....and then when others find out about them they will sue under the Equal Protection act....and win....and nobody but the middle class and poor will be paying any taxes at all.

 

[leftwinger]

I would prefer KC, MO. The geographic center of the Country. Let them see what things are really like. A less cushy setup than in North Dallas (Plano) perhaps.

But anywhere normal but NYC city would be fine. Send a message.