Posted on 03/27/2026 2:17:26 PM PDT by Signalman
We have long heard about the financial plights of solidly blue states. Places like New York and California have the highest taxes and the highest costs of living in the country. But there is a new blue state story where Democrats refuse to back off their ideological insistence that high taxes will get their state to the fiscal promised land. That place is Massachusetts.
Massachusetts is on the verge of a financial implosion. The reason: Massachusetts Democrats' grand plan to replace the state's taxpayers with migrants is not the grand plan they expected it would be, and the state is in for a perfect storm.
During the Biden-era open border policy era, the state's population increased from 2023 to 2024, but when Donald Trump took office and closed the border, that population surge stopped and fell by more than half. The population problem is two-fold: the decrease in immigration and residents leaving the Bay State for greener, less taxed states. Massachusetts now stands at number 47 in population gain, and a loss of 30,474 residents.
You might think that Massachusetts' elected officials would start connecting the dots. But that is not what is happening. In fact, just the opposite, Massachusetts has imposed a millionaire tax, which is, of course, further contributing to the mass exodus of residents fleeing the state. Over the last year, Massachusetts has lost a whopping $4 billion in taxable revenue. And as you might expect, roughly 70 percent of that comes from the state's wealthiest residents.
A recent study from the Pioneer Institute showed that in 2023, the first full year after the state imposed a four percent wealth tax, Massachusetts lost nearly double that amount of adjusted gross income (AGI) than any year before 2020. The study went on to say,
“Massachusetts’ net loss of AGI to other states grew from roughly $900 million in 2012 to $4.18 billion in 2023, representing a 467 percent increase over the past decade."
The Pioneer Institute's Jim Stergios had this to say about Massachusetts' predicament:
“Massachusetts’ losses are concerning because they are big, broad and persistent year after year. We are losing key working-age and pre-retirement cohorts—even as federal policy changes have shut off immigrant labor. That combination poses real risks for the state’s labor force, tax base, and long-term economic vitality. The question is: Are elected officials getting the message?”
The AGI loss is being felt in business, home sales, and even in education. But as stated above, what is Massachusetts politicians' answer to this mess? Not only are they not making any cuts in government spending, but they are convinced that taxing residents will vault the state into financial success.
Blue state politicians are not learning anytime soon that if you tax them, they will leave.
Reminds me of two people in a boat, one wanted water and the other was drilling holes in the boat to provide the water.
That takes a wooden rail, a rope, and local citizens with the spine to take back control from the commies.
In order to fit in it takes a very very special stink of stupid, tone deafness, arrogance and self righteousness. A precious few ever descend to that level of human worthlessness. So the population deficit is unsurprising.
Massachusetts’ biggest problem in gouging their 1% is low tax New Hampshire next door. Did they not think if they imposed a wealth tax on them they would take a short drive to set up house next door un NH? Many Massachusetts workers commute daily from NH for that very reason.
I bet mostly illegals.
Another article: “In the Los Angeles area, roughly 131,000 people packed up and left in just one year”.
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