A new report shows that wealthy Liberals can only take so much of their own preferred policies. They’re leaving Blue states in droves, and headed for low tax and regulatory burden states. Will Democrats in the abandoned states figure this out in time to save their state budgets?
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22 replies on “Wealth Flight: High Tax and Regulation States Losing Rich Folks to Low Burden States”
Biden has decreed that the census report will not exclude non-citizens. Even though CA has been losing legal residents, they will still be able to add a few House seats.
That “feds bail out the blue states” idea was the base (or at least part) of the resistance to the reduction of the SALT (state and local tax) deductions from the federal income tax. Raising those state taxes goes over easier when you can just write it off the federal form and let all of those nasty red staters pay your share of the federal burden. When you actually have to pay for your state benefits and your federal benefits, that slap in the face from reality hurts.
Stay away from Florida…!!
The biggest problem that Florida has, is New Yorkers..
The Vampire State needs to die in order to save Florida.
Exactly! Terrible place to live! Mosquitoes, palmetto bugs (aka largish 2″ to 3″ cockroaches), heat and humidity, gators, pythons, oh, and now Covid-19, too.
Lol…!!!
Say what you will about Florida, no one retires and moves north…
Steve says that the people in the blue states should just try voting for a republican. But the 30% that are on welfare, and the 30% of the high-paid tech workers and executives that have accountants do their taxes don’t care. They are the ones who are keeping the high-spenders in office. The middle 40% have no choice but to move.
In the 10.25 years on Active Duty in the USAF, we made 5 permanent, 2 temporary moves as family, 3 six month individual and 17 two-week ones. The temporary individual ones were in or over Vietnam.
We have made three in Bexar County Texas since May of 1977!
You have to ask my better half about the stress of the AD moves. I was just following orders.
As a newly minted Aerospace Engineer, I came to CA 40 years ago (from Cincinnati), just after Regan left (1975) as gov. The place WAS great. TONS of totally cool aerospace work, good wages, enabled a good living. Now CA is pretty much dead last in terms of biz-friendly (top of list for tax), and the mass of woke p/c lemmings have become so obnoxious, that folks are leaving, go figure. My kids worry about raising my grand kids here, and I can’t blame them. Time to vote w/our feet, despite the stress. As such, AZ, NV, ID, TN, TX, FL, SC are all looking like very affordable options to escape the hotel CA. I’ll miss the weather, but that’s about it. Won’t miss the inevitable higher taxes, DMV lines, political hacks like Spewsome/Waters/Pelosi etc., any/all freeways (basically parking lots), and the ‘big one’ earthquake (which we are long over due for). BTW. If there is a house bubble, best to get out before it pops. Roll over equity, buy a new place for cash (low or no house payment would be nice).
I thought the Blue states were getting propped up already according to Pelosi’s demands on the budget/CCP Virus stimulations bills.
Glad to see you’re spreading to other platforms.
When I was first out of grad school I took a job with a large corporation that had me moving every year to a different division. It was intended as a training program for future senior management, but it was definitely high stress. Between 1990 and 95 I moved five times. When my wife and I were looking at houses, people kept advising us to buy a starter house. We are here 24 years this month because I was done moving.
The cautionary tale for the people remaining in the deep blue states ought to be Pompeii. The people who saw the smoke left before the eruption killed everyone. The same will be true in the high tax states; the last few remaining will lose everything.
I can appreciate ( as a former military brat ) the stress of moving. But I think folks would feel ( and we’re all about feelings, right? ) such a strong sense of Freedom that it would compensate for the stress.
We really do need to implement Glenn Reynolds’s “Welcome Wagon” idea in the red, move-to states…
Got a link?
https://pjmedia.com/instapundit/216124/
Many thanks!
Instead of the hostility expressed by resident conservatives, who accuse Blue-state emigrants of contaminating the Red-state politics.
But Republicans are just so… icky.
I moved to CA about 30yrs ago from Houston. I was unable to Texify California.
What’s that phrase that condescending Leftists have always liked to use about Conservatives who refuse to vote for more “free stuff” from Washington for themselves? Ah yes, I remember now, “Voting against their own interests”
We definitely have a migration problem in this country. These foreigners have no understanding of American histiory or its culture, and want only to colonize these American states and bring with them the backward cultures from which they fled