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Josh Sigurdson reports on the impending crisis heading for New York due to an absolutely incredible level of centralization and enforcement of the control complex that makes New York such a special bubble.
On the verge of financial bankruptcy, experts are warning of the very real potential of a recession like scenario playing out due to vast government overreach and centralization of basically everything in the state, especially in New York City itself.
Long term debt is now around $81,100 per household as the city continues to pile on more and more rules, regulations, legislation, taxes and restrictions all while the central banking system continues to print the entire country into oblivion.
The debt is skyrocketing, the deficit is unsustainable and then people like AOC come forward with more ways to destroy whatever remains of the city.
We see people fleeing from New Jersey to Florida and California to Nevada and Arizona. Nevada and Florida have no state income tax. California and New Jersey are heavily taxed. What does that tell us? The productive leave the places where small businesses are completely non-existent due to the government propped up monopolies that can afford to deal with the vast regulations and taxes.
This pushes people in the heavily controlled states into complete servitude and dependence. Places with more rules and more taxes tend to be more poor and more unhappy. It doesn’t take a rocket scientist to figure this out.
Homelessness is skyrocketing in places like New York, New Jersey, Los Angeles, San Francisco and while it is certainly high in places like Las Vegas, it’s more anomalous due to the gambling industry within the city. But statistically the more highly taxed places deal with more homelessness.
Government is snowballing itself down the line and it probably shouldn’t surprise anyone.
We will continue to cover this story closely! Stay tuned for more from WAM!
Don’t forget to check out Mike Maloney’s GoldSilver at the following link:
Video edited by Josh Sigurdson
Graphics by Bryan Foerster and Josh Sigurdson
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