Massachusetts sees $4.2 billion lost as residents flee tax increases. NY governor Hochul calls her states migrating residents “un-patriotic.”

Photo above – Governor Hochul says NY residents have a patriotic duty to remain and pay a 14% income tax rate. She says plan B could be to "go down to Palm Beach and see who you can bring back home, because our tax has been eroded."

Come on Taxachusetts, you can’t be THAT dumb. You doubled the state income tax rate on some residents to 9%, and then act surprised when a bunch move away? Probably best not to copy what’s going on in New York though. Governor Hochul surrounded herself with American flags, and called paying 14% (state & local) income “patriotic”. She really said this. (See links below.)

The problem in NY is only going to worse – and fast. New York mayor Mamdani has big plans for higher property taxes and all sorts of surcharges. California is readying a 5% “wealth tax”. The state will take 5% of your savings and investments if they think you earn too much. A vote will be held later this year. The money grab is cleverly positioned as retroactive, so moving after election day won’t save you. This is what’s known as an ex-post facto law, and I’m sure the Supreme Court will quickly make space on its docket to hear arguments to overturn it.

Where are all these people moving too? Entertainers, franchise team players, team owners, business owners, tech moguls? It’s not just Florida. There's also Tennessee, Montana, Wyoming, and any other place with tax rates below 5% and safe schools, Work from home – a covid 19 lockdown brainstorm – has boomeranged into an accelerating population migration.

In addition snarking that migrants are Florida traitors, a number of other measures are being considered by some states to close the tax vs spending gap. Raising taxes on middle income workers. Higher property taxes. Changing the state constitution to allow budget deficits. Exit fees (like a toll booth?). Confiscating part of a professional athlete's paycheck when they come to town to play an away game.

About the only thing NOT under consideration is getting voters involved in deciding which state spending is essential, and what part is superfluous crap. That's because spending billions on superfluous crap is how politicians corral single issue voters at the polls on election day.

I’m just sayin’ . . .

Massachusetts loses billions in income after millionaire tax

From 'jump on a bus' to tax crackdowns: Blue states chase wealthy residents fleeing to red havens

https://www.msn.com/en-us/money/other/massachusetts-lost-4-billion-of-income-after-millionaire-tax/ar-AA1Z4xdw?ocid=BingNewsSerp

https://www.msn.com/en-us/news/us/from-jump-on-a-bus-to-tax-crackdowns-blue-states-chase-wealthy-residents-fleeing-to-red-havens/ar-AA1Z4kK8?ocid=msedgntp&pc=HCTS&cvid=69be70dd0f6649dc9febfe557760679c&ei=23

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exchrist · 36-40

I think a lot of people are just fleeing the country. Also far fewer immigrants bc of DJT so maybe it was already a thing?
The federal government is the problem. Scaring ppl away from these democratic states by cutting their funding for schools and services for infrastructure and repairs. Similarly if a bunch of democrats move to all these red states maybe it’ll offset the upcoming congressional elections to overthrow Trump? The states you mention are mostly land owned by someone such that renting is a dead end, so ppl move where they can start a life find a new beginning give their kids a better potential future. I pray it’s to flip as much of Congress as possible.
If you cannot beat them join them and convert them!

SusanInFlorida · 31-35, F

@exchrist personally i don't know ANYBODY who has left the USA to live overseas. Not for Canada, Australia, New Zealand, England.

but people from high tax states continue to arrive in florida. it's getting crowded and expensive here though. Some floridians are migrating to georgia, the carolinas, tennessee, and west virginia. unless you absolutely need the beach, it makes sense.

exchrist · 36-40

@SusanInFlorida interesting I’d not heard of this movement of people. I wonder the differences in infrastructure schools roads public amenities etc. compared to Florida.

jehova · 36-40, M

A “wealth tax” is largely overdue here in the United States. It should be over a certain threshold. After $1million I think you should pay more on your earnings. The days of unfettered wealth are over. Indeed the wealth accumulation that allowed DJT Epstein etc. needs to be ameliorated. For now ppl think leaving states that are well established is to their advantage. For the short term it might be but if enough blue minds move to deep red states; republican strongholds turn purple and then vote blue. In time they’ll be back

Once a New Yorker always a New Yorker!
From LA? Your return will only deLAy

SusanInFlorida · 31-35, F

@jehova can you provide a link to a successful nation with a wealth tax? one that observes human rights, and has a thriving middle class?

BeachGirl47 · 26-30, F

I live in Georgia. I have family that moved out of NY because of the high cost of living and taxes.

SusanInFlorida · 31-35, F

@BeachGirl47 georgia and north carolina are the trending spots. florida has increasing crime and housing prices

SunshineGirl · 36-40, F

Electorates get involved in "deciding which state spending is essential, and which part is superfluous crap" at every election. The trouble being that one woman's trash is another woman's gold . . I would quite happily slash public funding for roads to the bone, for example, most people would rrcoil in horror at any such suggestion. Public budgets represent an imperfect compromise because voters don't generally take too kindly to be told that they are selfish or completely bats**t. Take it as read that all current public spending is vital and necessary until a politician gains a clear and unambiguous mandate to chop someone's "benefits". Until then, the only question is how to distribute the cost of that spending equitably and rationally.

SusanInFlorida · 31-35, F

@SunshineGirl in an ideal world, this would be true. but there is no serious discussion of fiscal policy during campaigns and debates. instead, advertising is used to drum up enthusiasm from single issue voters:

1 - build a wall
2 - forgive all student loans
3 - ban voter ID
4 - raise the minimum wage
5- higher taxes
6 - tax relief.

i would love it - during a debate - it the moderators displayed a budget chart, and started asking specific questions of the candidates.

melbeacher · 61-69, M

I live in Florida and love having no state tax

BeachGirl47 · 26-30, F

@melbeacher Florida is one of the best states in my opinion

melbeacher · 61-69, M

@BeachGirl47 I agree. And we have nice nude beaches !

BeachGirl47 · 26-30, F

@melbeacher And nice nude people.😃

Pretzel · 70-79, M

And they are losing Californians too - at least the rich ones :)

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