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1.5M Exodus From NYS Largest In US

Buried on page A22 of today’s Wall Street Journal:

Escape From New York

OCTOBER 28, 2009

An old saying goes that the time to live in New York is when you’re young and poor, or old and rich—otherwise, you’re better off somewhere else. That wisdom is getting an update this week from a study by the Empire Center for New York State Policy that shows middle-class people leaving the state in droves.

Between 2000 and 2008, the Empire State had a net domestic outflow of more than 1.5 million, the biggest exodus of any state, with most hailing from New York City. The departures also have perilous budget consequences, since they tend to include residents who are better off than those arriving. Statewide, departing families have income levels 13% higher than those moving in, while in New York County (home of Manhattan) the differential was even more severe. Those moving elsewhere had an average income of $93,264, some 28% higher than the $72,726 earned by those coming in.

In 2006 alone, that swap meant the state lost $4.3 billion in taxpayer income. Add that up from 2001 through 2008, and it translates into annual net income losses somewhere near $30 billion. That trend is part of a larger march for New York: In 1950 the state accounted for 19% of all Americans, but by 2000 that number had fallen to 7%. The city’s main saving grace has been its welcome mat for foreign immigrants, who have helped to replace some of those who flee.

As the study’s authors, E.J. McMahon and Wendell Cox, suggest, no single reason can be fingered for a million migrants seeking their fortunes across state lines, but one place to start is New York’s notorious state and local tax burden. According to the Tax Foundation, between 1977 and 2008, New York has ranked first or second in the country for its state-local tax burden compared to the U.S. average.

In the years considered by the Empire Center study, New York’s state and local tax burden ranged between 11% and 12% of income. The peak year for taxes, 2004, was followed by the peak year for departures—as New York lost nearly 250,000 people to other states in 2005. And that’s before another big tax hike this year

They need to build the walls higher.

This article was posted by Steve on Wednesday, October 28th, 2009. Comments are currently closed.

12 Responses to “1.5M Exodus From NYS Largest In US”

  1. Georgfelis says:

    Sounds like about time to remake the movie.

  2. proreason says:

    Easily predictable.

    Look at the exodus from Detroit and California as well. It isn’t the deadbeats who are leaving either, just like the freeloaders aren’t the one’s jumping ship from Titanic NYC.

    I’ve heard that the major reason that the flyover country could not succeed if it broke off from the liberal coasts is because of the concentration of businesses in NY, Boston, and California.

    But that’s changing isn’t it?

    And it’s also probably a major unstated reason for the “urgency” to pass the libwit agenda.

  3. VMAN says:

    I saw a show the other day about NYC called “Life After People”. Maybe that’s a real possibility.

    • catie says:

      VMAN, yeah I saw that too and that idiot who was narrating that thing was “looking forward” to that day. He was being interviewed on our local ABC affiliate.

  4. beautyofreason says:

    I know why. I relocated to NYC for graduate school and the prices on everything are astronomical. Taxes, surcharges, regulations everywhere – fortunately not on food. I understand some of the fees come from importing goods to the city – but do I really need to pay $3.00 for a roll of toilet paper, $12 for a small container of detergent? Maybe I’m in the wrong neighborhood, but it’s expensive as hell to live here and I cringe to think of the cost when you add in high tax rates. No wonder the successes are leaving.

  5. TwilightZoned says:

    WI is also losing many wealthy people and their businesses due to
    the tax burden. The state is known for numerous social programs.
    Dregs from Chicago have been fleeing up to the Beloit, Racine, and
    Milwaukee area for years to take advantage of the programs.

    HelloOOoo…Anyone home at the left wing loon asylum?

  6. Tater Salad says:

    To compel a man to subsidize with his taxes the propagation of ideas which he disbelieves and abhors is sinful and tyrannical.
    Thomas Jefferson

  7. BigOil says:

    The beauty of Federalism in action. People in New York are voting no with their feet to higher taxes imposed by democrats.

    Problem we face now is a federal government acting way outside the bounds of the Constitution. There is nowhere we can go to escape the oppressive burden of the federal government.

  8. wirenut says:

    TwZ, I live in the land of cheese. What tricks my trigger is that the “MAD-CITY” seldom sees rural concerns or the big picture of the state as a whole. Supply the biggest voter block with which they don’t deserve, and you have an office for life. Rural vs’ Metro is a no win deal here in the west central. Flyover taxation with repression is a way of life. Doyle is a fool, but he owns the metro.

  9. This is part of the Great Democrat strategy to run liberals out of NY to states like Arizona and Florida. So they can vote for liberal legislators, thereby equalizing state taxes across the nation.

  10. wirenut says:

    OAC., God help us all. One more libtwit editorial in the local paper and I swear, I’ll:, Never mind. Keep the libtards contained by all means. I sure as hell don’t want them dithering about, telling me, “that’s not a Mao rake” or my garden isn’t green enough. I say, shove off non-comrade, and Hey, wanna stick around when I make fertilizer?
    Grinder envolved. Nuff said.

  11. Travis says:

    Just don’t bring your liberal politics with you to wherever you move.

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