Free Republic
Browse · Search
News/Activism
Topics · Post Article

Skip to comments.

'The four states of the apocalypse': These states have the highest percentage of leavers
Washington Times ^ | 02/25/2019 | Stephen Moore and Art Laffer

Posted on 02/25/2019 9:00:51 AM PST by SeekAndFind

“This is the flip side (of) tax the rich, tax the rich, tax the rich. The rich leave, and now what do you do?” — Andrew M. Cuomo, N.Y. governor (2/4/19)

After the Trump tax cut went into effect one year ago. we predicted that the Trump tax reform would supercharge the national economy but could cause big financial problems for the five highest-tax states: California, Connecticut, Illinois, New Jersey and New York.

The capping of the state and local tax deduction at $10,000 raised the highest effective state tax rates by about 66 percent (for example, in New York City and California, the rate on millionaires rose from about 8 percent to 13.3 percent). In New Jersey, the highest rate has risen from 7.5 percent to 12.75 percent. Now, we have Mr. Cuomo conceding that the trend of rich people moving out of New York has caused the loss of $2.3 billion of tax revenue in Albany’s coffers. Mr. Cuomo called this tax change “diabolical.” We think it was a matter of tax fairness. No longer do residents of low tax states have to pay higher federal taxes to support the blob of excessive state/local spending and pensions in the blue states.

As we predicted, the wealthy are fleeing these five states. The new United Van Lines data were just released that are a good proxy for where Americans are moving to and from. Guess what four states had the highest percentage of leavers in 2018: 1) New Jersey, 2) Illinois, 3) Connecticut and 4) New York. Even California again also had more Americans pack up and leave than enter.

(Excerpt) Read more at washingtontimes.com ...


TOPICS: Business/Economy; Culture/Society; News/Current Events
KEYWORDS: exodus; states
Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-63 next last
To: SeekAndFind

I escaped from Illinois to Indiana 6 years ago.


41 posted on 02/25/2019 9:46:58 AM PST by Southside_Chicago_Republican (The more I learn about people, the more I like my dog.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Southside_Chicago_Republican
I escaped from Illinois to Indiana 6 years ago.

Got the best of that one. Even if John Cougar Mellencamp IS annoying.


42 posted on 02/25/2019 9:49:46 AM PST by Buckeye McFrog
[ Post Reply | Private Reply | To 41 | View Replies]

To: Jim Noble

Yeah, guess what happened when non-citizens don’t answer the census.


43 posted on 02/25/2019 9:57:35 AM PST by struggle
[ Post Reply | Private Reply | To 37 | View Replies]

To: Buckeye McFrog

He’s waaaay down by Bloomington, so I guess the state is big enough for both of us!


44 posted on 02/25/2019 9:58:17 AM PST by Southside_Chicago_Republican (The more I learn about people, the more I like my dog.)
[ Post Reply | Private Reply | To 42 | View Replies]

To: Pikachu_Dad
If they shut our air conditioning down, . . .

Exactly the plan, of course. Thought problem: If you wanted to make the 'red' states less desirable as a place to live, what would you do? Since most of the population in 'red' states is in the south, you restrict air conditioning. Note that the watermelons are all for restricting air conditioning, but none of them are suggesting that the people in northern (rust belt) states should have their homes set for 50 degrees in the winter. That's not a coincidence, or even just ignorance. It's deliberate and malicious.
45 posted on 02/25/2019 10:07:23 AM PST by Phlyer
[ Post Reply | Private Reply | To 3 | View Replies]

To: SeekAndFind
Great...

Don't consider Oklahoma ever!!

Ticks the size of mice....

Skeeters the size of sparrows.

Hotter than Marfa, TX in the summer...

Colder than Hillary's heart in the winter.

F-10 tornado's in the spring...

And cow farts everywhere....

Don't move to OK...

46 posted on 02/25/2019 10:12:06 AM PST by Osage Orange (Whiskey Tango Foxtrot)
[ Post Reply | Private Reply | To 1 | View Replies]

To: struggle

The Supreme Court will decide for the citizen question in April and the result will lead to MASSIVE redistricting and the disappearance of multiple districts in blue states.
******************************************************
Only to the extent that many of the TENS OF MILLIONS of illegal aliens “duck and dodge” and avoid being counted by census enumerators. Sadly, those that the census actually count will count toward the determination of congressional representation.


47 posted on 02/25/2019 10:12:41 AM PST by House Atreides (Boycott the NFL 100% — PERMANENT)
[ Post Reply | Private Reply | To 15 | View Replies]

To: SeekAndFind

Bookmark


48 posted on 02/25/2019 10:15:37 AM PST by aquila48
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

American S#itholes - bump for later....


49 posted on 02/25/2019 10:18:53 AM PST by indthkr
[ Post Reply | Private Reply | To 1 | View Replies]

To: Skooz

Of those leaving for more favorable tax rates, their size as a group will be spread out and absorbed. There simply will not be enough migration to shift the current voting majority.

As others have pointed out, it is more likely they will gradually influence local policies as they vote for the former programs (handouts and deductions) they were dependant upon.

The greater impact may be those who are stuck and can not flee. It is more likely that they will vote for lower taxes now that they are exposed to their fair share of the tax burden.


50 posted on 02/25/2019 10:25:56 AM PST by jmclemore (Go Trump)
[ Post Reply | Private Reply | To 7 | View Replies]

To: SeekAndFind

Far as California goes this is complete BS there’s always more people wanting to come here to the Bay Area dinner leaving at any given time occupancy rates and apartments or a new order of .01%


51 posted on 02/25/2019 10:29:04 AM PST by Truthoverpower (The guvmint you get is the Trump winning express !)
[ Post Reply | Private Reply | To 1 | View Replies]

To: mewzilla

Myself and my three brothers all left after going to SUNY colleges in the 1980’s.
Almost everyone I grew up with in my neighborhood left. Of the several dozen kids, we all left to find opportunities elsewhere. I grew up in Orchard Park, NY one of the nicest suburbs of Buffalo. Almost all the middle class and upper middle class kids I grew up with left after high school or college.

There were no jobs there unless you worked for the government, the Ford stamping plant or a bank. I only know of two friends from my neighborhood that stayed. One owns a landscaping business. The other one got one of those coveted union jobs. Everybody else bailed.


52 posted on 02/25/2019 10:45:44 AM PST by woodbutcher1963
[ Post Reply | Private Reply | To 32 | View Replies]

To: The Antiyuppie

That is one way.

The more direct way is to ban our non flammable refrigerants.

Then we can use flammable refrigerants - and go up in smoke like Grendel towers in London.


53 posted on 02/25/2019 11:05:02 AM PST by Pikachu_Dad ("the media are selling you a line of soap)
[ Post Reply | Private Reply | To 16 | View Replies]

To: SeekAndFind

Good unless they bring their liberal voting habits with them and try to make the new state as bad as the old.


54 posted on 02/25/2019 11:12:37 AM PST by 3RIVRS
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

A billion here and a billion there it will soon add up to real money, LOL.


55 posted on 02/25/2019 11:21:21 AM PST by tiki
[ Post Reply | Private Reply | To 1 | View Replies]

To: SeekAndFind

Tomorrow, Connecticut has 5 special elections, so I hope the voters will elect Republicans to fight the tolls and higher taxes...


56 posted on 02/25/2019 11:35:47 AM PST by Deplorable American1776 (Proud to be a DeplorableAmerican with a Deplorable Family...even the dog is, too. :-))
[ Post Reply | Private Reply | To 1 | View Replies]

To: bkopto

They don’t.
New Yorkers bring their crappy ideas and attitudes with em to Florida as do those coming here from Jersey.
Ask long time folks in IDaho or Montana what they think of all those from Calif, Oregon and Washington? Not much.


57 posted on 02/25/2019 11:36:11 AM PST by Joe Boucher ( Molon Labe' baby, Molon Labe)
[ Post Reply | Private Reply | To 4 | View Replies]

To: woodbutcher1963

Here’s how bad it is: Pols are talking Upstatehood in addition to taxpayers. And nobody’s laughing.


58 posted on 02/25/2019 11:39:24 AM PST by mewzilla (Break out the mustard seeds.)
[ Post Reply | Private Reply | To 52 | View Replies]

To: SeekAndFind

States are now horsemen!


59 posted on 02/25/2019 12:07:07 PM PST by Lisbon1940 (No full-term Governors (at the time of election!)
[ Post Reply | Private Reply | To 1 | View Replies]

To: Wallace T.

OKay, you can stay. You’re one of the good ones. :)


60 posted on 02/25/2019 12:45:22 PM PST by EnquiringMind
[ Post Reply | Private Reply | To 39 | View Replies]


Navigation: use the links below to view more comments.
first previous 1-2021-4041-6061-63 next last

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
News/Activism
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson