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September 15, 2016

It's Getting Lonely

The people leaving New York are the ones that New York can't afford to lose and the people moving into New York are the ones that New York can't afford to keep. The math is terrifying.

From the NY Post:
Taxpaying New Yorkers are leaving in droves for other states.

In 2014, 126,000 tax filers fled to other places in the US — more people than in any other state, according to a study posted on newgeography.com.

The Empire State also lost the most “high earners,” who reported making more than $200,000 a year.

“New York has been leading the nation in domestic migration for decades,” Wendell Cox, who co-authored the study, told the Albany Times Union.

While New York’s population is still growing, in part because of immigration, many residents are leaving for other states because of high property taxes, a lack of business opportunities and unaffordable homes.

“The property taxes are bad, but they are on top of an even worse situation in terms of affordability,” Cox said.
Take a look at this graphic. It shows taxpayer migration from 2000 to 2010.
Green is good, purple is bad.
New York is deep, dark purple ... the worst.
Florida is deep green ... the best.


Conversely, New York's population during this same period (2000-2010) grew by 401,000 (2.12%), from just under 19 million to just under 19.4 million.

Guess who moved here?

4 comments:

Fredd said...

Illinois is as bad as NY. My family bought property in TX, and once our daughter is out of high school, we're Texans. And the colors agree with this anecdotal incident.

sig94 said...

Fredd - My daughter is leaving the Army and moving back to NC. We go down next week to visit her and help her buy a house. And maybe start looking for one for ourselves....

Upstate NY is truly gorgeous and I love the mountains and lakes and the people are great, but - NY is the most politically corrupt state in the union, the taxes are ridiculous (I pay over $5,000 a year for a house worth maybe $150,000) and it is not getting any better. Together the dems and repubs have ruined this state.

underground pewster said...

All those blue state people moving down here into red state territory is a worry for us. NC is shifting into the purple as we speak.

Doom said...

I am honestly surprised NY and California haven't barred, one way or another, the wealthy and high earners from leaving. Whether by law, tax, hook, or mafia, they have they type of state governments who could and would do it. Look what they did to the basic civil right of gun ownership. It's coming. If Hillary (or Bernie, now, is it) wins, you can expect it. With the full support of the federal government.