As Margret Thatcher stated, “The problem with socialism is that eventually you run out of other peoples money.”
(And experience and wisdom and common sense....)
Right - and that is exactly what is happening in NJ (and the NYC metro area). A few years back, the wealthiest resident of NJ moved to Florida and the state had to revise its budget - because it built in a LOT of money it expected to wring from him in taxes, and only half would be coming.