Click For Photo: https://www.dailysignal.com/wp-content/uploads/190226_florida.jpg
While most attention has been focused on immigrants trying to enter the United States over America’s southern border, there is legal migration taking place that has been largely ignored, though it may have at least as much economic and political impact as the other.
People are moving out of high-tax states to Florida and other states with lower tax burdens.
Florida - Governor - Ron - DeSantis - Movement
Florida’s new governor, Ron DeSantis, mentioned the movement in a speech to the Club for Growth, which describes itself as “a national network of over 250,000 pro-growth, limited government Americans who share in the belief that prosperity and opportunity come from economic freedom.”
DeSantis says New York Gov. Andrew Cuomo has accused him of stealing residents from his state. “I’m not stealing anybody,” said DeSantis, “they are driving people away.”
Data - Chris - Edwards - Foundation - Economic
The data back him up. Chris Edwards of the Foundation for Economic Freedom, the first free-market organization in the United States, produced a research document for the Cato Institute that shows “of the 25 highest-tax states, 24 of them had net out-migration in 2016.” One of the states that gained from migration was Florida where “145 households moved in for every 100 that left.”
DeSantis says this influx has fueled economic growth of the state, leading to a $1.4 billion revenue surplus.
Economist - Richard - Rahn - Chart - Comparison
Economist Richard Rahn has created a chart that includes a comparison between the tax rates of New York and Florida. He writes that while New York imposes high taxes and conveys an anti-business attitude (the recent debacle with New York City losing a headquarters for Amazon is just the latest example), “Florida imposes no state and local income taxes in addition to the federal income tax — yet Florida is booming, with a budget surplus, while New York is mired in debt. Only 50 years ago, New York had four times the population of...
Wake Up To Breaking News!
The truth fairly and honestly presented, will be spun as a lie by a politician.