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NYC is a dying city, property taxes and ridiculous rents have driven out most of what made the city center vibrant and human. You see streets and streets of empty shops that were active even during the 2008 recession.
The government are grifters squeezing the last drops of profit and decency as fast as they can bc they know the way the wind is blowing
Could they fix it? Sure but that would mean addressing wealth inequality which is bad for their donations