Greedy Taxes Drive the Productive Out of Northeast

The truism “Get woke, go broke” applies not only to companies that succumb to moonbattery but to whole regions — like New York and New Jersey, which have lost $142 billion in income in the past decade.

Stephen Moore reports:

From 2015 to 2024, New York has lost 2 million residents.

As a refugee from New York, I can attest that leftism was already making the once great state unlivable when I escaped back in 2006.

[T]he movers are taking a lot of personal income and purchasing power with them. From 2012 to 2022, New York has lost $111 billion in income while Jersey is down by more than $31 billion.

Because the income is lost forever — except for the rare cases when the exiles move back — these income losses accumulate year after year.

Not many will be moving back. That would be like getting over the Berlin Wall, then going back the other way.

High among the reasons to avoid Democrat rule is excessive taxation:

New York, New Jersey and California are the three biggest losers in the interstate migration sweepstakes, and they just happen to be the states with the highest state-local income tax add-ons. The big winner states like Florida and Texas have no income tax at all.

The highest income tax in the entire country is inflicted in New York City.

Now one of the leading candidates for mayor, Zohran Mamdani, wants to raise the tax on the rich by another 2 percentage points.

How many of the billionaires this silver spoon Stalinist demonizes will stick around to be looted?

Liberals are reducing their Northeast/California bicoastal power base to pockets of rust. The silver lining is that blue states can serve as a cautionary tale for the rest of the country.

Democrats might be able to prop up blue state populations through mass Third World immigration and by paying women to have babies out of wedlock. If they can replace enough of the productive citizens they are driving out, they might prevail in national elections. Then the other states will be forced to perpetually pay their bills.

Fortunately, the Founding Fathers avoided directly proportional democracy so as to prevent densely populated regions from enslaving the rest of the country. You can see why moonbats want to abolish the Electoral College and even the Senate.

On a tip from Jack D.

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