New York has lost residents whose income amounts to almost 46 BILLION dollars as people vote with their feet to avoid taxes. New York has lost millions (if not billions) in tax revenue because people got tired of forking over their hard earned money to pay for ever increasing social programs and union payoffs.
New York saw a net outflow of about 1.3 million people, about half of whom moved to Florida. Yes, Florida has nicer weather but, more importantly, it has no state income tax and it has no estate or inheritance tax.
New York is not the only state that has seen a decrease in population as other heavily taxed states have lost citizens as well.
Additionally, Florida is not the only state that has seen an inflow of people. The states of Arizona and Texas, both low or no tax states, have seen an increase in residents particularly from California.
People who are able to move from high tax states do so. Those who will not move are either unable because of finances or their jobs or are on the welfare rolls.
From 2000-2010 the states of Texas and Florida have seen a net increase of nearly a million people each, many of whom left their high tax states for tax relief.
Yes, the people have figured that they can’t effect change at the ballot box so they must vote with their feet and move to where they get to keep more of the money they earn. You can only rob people so many times before they decide to pack up and go.
Maryland is seeing this kind of movement as it continues to raise taxes on everything possible. The Democrats in charge, led by Martin O’Moron, think the money belongs to them and that the people should be happy they get to keep some of it.
This will continue to happen until the states change their positions. Look at what Scott Walker is doing in Wisconsin. He brought them to fiscal sanity (and the liberals want to remove him and go back to the losing policies that caused their problems).
We can’t vote with our feet at the national level unless we give up citizenship and that is not an option, at least not for me. The change there must come at the ballot box and we must replace Obama, the liberals and the RINOs.
It is November or never.
Until then, look for Texas and Florida to keep gaining Congressional seats while New York and California continue to lose them.
Never surrender, never submit.