Steve Forbes: This Is Why New York Will Ultimately Collapse

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The once-great Empire State is in decline, and it will collapse. That is the prediction of Steve Forbes. If you live in New York City, you know it’s done, and the rest of the state will follow.

An Excerpt

Forbes says parents call for Charter schools – just so their children can get a real education – are ignored.

“Future revenue shortfalls are projected to run into the tens of billions of dollars in future years.

“The budget approved by the hapless governor Kathy Hochul sharply boosts subsidies for the film and TV industry despite being a high tax state. The new budget raises levies on beleaguered businesses to help fund New York cities and a poorly managed public transportation system, which is being battered by bloated pensions.

“… neighboring Pennsylvania has raked in billions of dollars of revenue from fracking. New York keeps a ban on that activity to appease extreme environmentalists. The Empire State’s environmental policy doesn’t stop there.

“Ignoring real-world science, the new budget is banning gas stoves and heating in all new buildings by 2029. Seventy percent of the state’s electricity must come from renewables by 2030. Today, only 6% comes from wind and solar. By 2035, all new cars must be electric. The fact that most motorists don’t want EVs is brushed aside.

“Where will all that extra electricity come from for these factory mandates? Don’t ask.”

“Reforming the state’s bail system that routinely lets violent criminals back on the street shortly after their arrest is not unique…”

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Jane
Jane
1 year ago

One look at NY State and the city reveals the cancer, overwhelming and pervasive. It is completely Cloven and Piven driven. Everything that built America is attacked while every perversion, socialist fantasy, destructive plot is nurtured and encouraged. This is why industry, population, and capital are fleeing NY while illegals, losers, and perverts go there.

Its the next California.

The Prisoner
The Prisoner
1 year ago

Forbes is a sell out. He sold his publication to the Red Chinese. Though he nominally runs the operation, it regularly puts out leftist nonsense, including Trump attacks. At the same time, he dropped out of media appearances where he often stated his pro-America policies. We need no advice from him.

Yes, Except…
Yes, Except…
1 year ago
Reply to  The Prisoner

Except that he points out an obvious truth. New York City is rotting away, in real time. The state will collapse because of it. 3% of the state’s population has already left in the last few years, 37% of the state’s residents plan to leave within 5 years, and a whopping 50% of NYC residents plan to leave soon. (All of these stats come from surveys featured in news reports that I read today.). The entire city of NY is becoming temporary housing and will have a very low percentage of permanent residents. Good luck to them. They’ll need it. In this case, Forbes is right, of course. The state is in grave trouble and they’ll expect the rest of our bankrupt union to bail them out. Sorry, we have other priorities for our limited resources.