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Date Posted: 5:43:59 12/13/22 Tue
Author: Jasper
Subject: NEW YORKERS FLEE FOR GREENER PASTURES

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The fact that people are steadily moving away from blue states and into red states is well known. Still, I thought these figures from New York were shocking:

A new city analysis shows that a huge chunk of high-income earners fled in 2020. …

The study by the city’s Independent Budget Office shows a 10% plunge in taxpayers who made over $750,000, and 6% of those with incomes between $150,000 and $750,000.

That is stunning: 10 percent of New York City’s highest income earners fled the state in a single year, as did 6 percent of those with moderately high incomes. In one year! New York’s tax policies are obviously not sustainable. Sure, the 2020 exodus was covid-driven in part, but is there any chance that many of these tax refugees will return? No.

https://www.powerlineblog.com/archives/2022/12/new-yorkers-flee-for-greener-pastures.php

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