- Moderator
- #1
California is experiencing the same decline and the states that are the largest recipients of residents are Texas and Florida, both states with no income tax that have practiced conservative economic policies for decades. Leftist regressive economics is always destructive.
New York’s #1 — in population decline. Yes, for the second year in a row, we “led” the country by driving the most people out. And, most alarming, the biggest earners who pay most taxes in the state are leaving with them.
The double whammy spells economic doom for the Empire State.
First, the overall decline. This time, we took the dubious first-place prize in both the percent measure of a state’s population shrinkage (.9%) and the absolute size of the decline (around 180,000). What an accomplishment!
The grim number now brings New York’s population loss, for the two-year period ending in last summer, to a stunning 431,000, around 2% of the state total. And it’s clear this is being driven by outmigration: New York’s birth is well above its death rate.
Also, the drop here occurred even as other states grew. Texas saw the biggest absolute increase, with 471,000; Florida took the crown for biggest percentage growth, 1.9%. Our loss seems to be their gain.
Most worrisome: The rich have been fleeing in droves. After all, they can afford to!
Between 2019 and 2020, the state lost 9.5% of its income tax filers making above $750,000 and 1.3% of its millionaires — following then-gov Andrew Cuomo’s moronic surtax on high earners, which was meant to pay for our COVID overreaction and made New York the highest-taxed state in the nation.
New York’s #1 — in population decline. Yes, for the second year in a row, we “led” the country by driving the most people out. And, most alarming, the biggest earners who pay most taxes in the state are leaving with them.
The double whammy spells economic doom for the Empire State.
First, the overall decline. This time, we took the dubious first-place prize in both the percent measure of a state’s population shrinkage (.9%) and the absolute size of the decline (around 180,000). What an accomplishment!
The grim number now brings New York’s population loss, for the two-year period ending in last summer, to a stunning 431,000, around 2% of the state total. And it’s clear this is being driven by outmigration: New York’s birth is well above its death rate.
Also, the drop here occurred even as other states grew. Texas saw the biggest absolute increase, with 471,000; Florida took the crown for biggest percentage growth, 1.9%. Our loss seems to be their gain.
Most worrisome: The rich have been fleeing in droves. After all, they can afford to!
Between 2019 and 2020, the state lost 9.5% of its income tax filers making above $750,000 and 1.3% of its millionaires — following then-gov Andrew Cuomo’s moronic surtax on high earners, which was meant to pay for our COVID overreaction and made New York the highest-taxed state in the nation.
