Why so many of America’s financial elite have left Greenwich

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Of the $3.6trn-worth of capital managed by hedge funds globally, $340bn is in and around Greenwich

 

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Trump's tax deduction cap revenge on blue states. 'Its higher income taxes have bitten harder since 2018, when President Donald Trump limited state and local tax deductions from income taxable at the federal level to $10,000 a year.'

'We can't raise tax on the wealthy or they'll leave' 'So?' 'So we will lose their tax money' 'But they're not paying much in taxes' 'Of course! We can't raise tax on the wealthy or they'll leave' 'So?' 'So we will lose their tax money' 'But they're not paying much in taxes' ...

Taxes and politics....

CT is socially underdeveloped. Not much for young people to enjoy. It's always had that problem, compared with its neighbor NYC & LI. I recall one young man working in Stew Leonard's saying how he wished he could find a boxing gym. It's pretty but boring, expensive but limited.

Money follows money

Works OK in Monaco.

welovevitti

Because their banker neighbors shorted their lives silly! Probably a bunch of sugar babies dot com groomers of the baby girls fresh out of middle school, luring them in with Gucci, LV, Prada bags...

The real reason you hear that sucking sound out of Fairfield county is the massive missed opportunity in owning hedge funds.

And where did they go ? That would be interesting to know....

reginaldo_rod

It’ll never cease to amaze me that people with more money than they could ever spend would uproot their entire home & life over a few tax dollars towards the place they called home. They love the benefits of living in the USA but don’t feel they should pay for any of them.

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