A single social media post by a political figure can trigger significant capital flight, as demonstrated when a mayor's threatening post about taxing billionaires resulted in approximately $4 billion moving out of New York to Florida within one day.
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Billionaire Flees NYC After Mamdani's Failed Social Media Campaign!Added:
There was a recent thing that they came out in the news cuz Mum Dami did an What was it? He did like a social media post where he was knocking on the door of some billionaires condo or whatever.
And he's like, "I'm coming for you. I'm going to tax your stuff." And then the guy was interviewed and they said like, "What do you think of that?" And he's like, "It was really creepy. Like the mayor at my door like making social media posts." The next day, the very next day, I got together with my colleagues and we looked at or expanding in Florida.
So, I think it was like $4 billion moved out of New York from one social media post. Unbelievable.
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