Dallas mayor blasts NYC for ‘punishing success' as he pitches ‘Y’all Street’ to fleeing billionaires
EXCLUSIVE: Dallas Mayor Eric Johnson blasted New York City’s leadership for "punishing success" and joined Gov. Greg Abbott in pitching Texas as a place where Wall Street firms can hang...
By Fox News · Fox News
EXCLUSIVE: Dallas Mayor Eric Johnson blasted New York City’s leadership for "punishing success" and joined Gov. Greg Abbott in pitching Texas as a place where Wall Street firms can hang their hats. His pitch for "Y’all Street" over Wall Street comes as a steady stream of financial firms have in recent years expanded operations in Texas. They were drawn there because of the lower taxes and fewer regulations, a trend Johnson says is accelerating even more under New York City Mayor Zohran Mamdani . The trend toward moving big business out of big blue cities has the potential to redraw the map of American finance, determining which jurisdictions capture high-paying jobs, investment, tax revenue and influence. The Republican mayor of Dallas told Fox News Digital that the latest clash between City Hall and Wall Street heavyweights only reinforces his concerns. CHICAGO KNOWS WHAT HAPPENS WHEN KEN GRIFFIN TURNS ON A CITY — NOW MAMDANI MAY FIND OUT "The recent back-and-forth between Mayor Mamdani and Ken Griffin exemplifies exactly what I have been saying publicly for some time: New York City, under its current leadership, does not believe in rewarding success," Johnson said. " New York City believes in punishing success," he told Fox News Digital, adding that Dallas, by contrast, embraces successful companies and the leaders who built them. The clash between Mamdani and Griffin has quickly become a flashpoint in the broader debate over New York's economic direction, with the Citadel founder warning that tax hikes, anti-business rhetoric and crime risk are pushing firms out. The feud intensified after Mamdani posted a viral video outside Griffin’s condo promoting his plan to tax second homes in NYC worth more than $5 million. NYC GROCERS SOUND ALARM ON MAMDANI’S SUPERMARKET PLAN: "WE’LL LOSE CUSTOMERS The dispute highlights a growing rift between New York City's progressive agenda and the financial sector that has long powered the entire state's economy — a divide only shar…