Massive Population Exodus Causing Financial Distress For Blue States

Public Domain: Stock Photo, Andrew Pons

A recent financial report indicates blue states are suffering major economic distress as their populations continue to flee to red states.

Wirepoints – an Illinois-based research company focused on state and local fiscal crises – released their findings on how states with a growing population experience “an increasing tax base, economic growth and investment,” while those losing residents have “more difficulties in paying down debts, higher taxes and fewer investments.”

And the news isn’t so good for blue states, as we found out from the latest census.

IRS migration data from the latest figures (2020), they write, show “Florida is the biggest winner” and “New York is the biggest loser” in the “competition for people and their wealth.”

Of the top 10 states in Adjusted Gross Income (AGI), seven are led by Republican governors.

RELATED: DeSantis Mocks AOC: If I Had A Dollar For Every Blue State Democrat Escaping To Florida I’d Be Rich

Blue States Losing Population, $$$

Topping the list of states capitalizing on the blue state population exodus are Florida and Texas.

The Sunshine State saw an AGI net gain of $23.7 billion while the Lone Star State experienced a net gain of $6.3 billion.

The bottom feeders were New York and California.

The Empire State lost $19.5 billion while the Golden State lost $17.8 billion.

Census data also confirms red states are increasing in population and blue states are shrinking, something exacerbated by the pandemic and subsequent lockdowns.

DeSantis Wishes He Had a Dollar For Every Democrat That Vacationed in Florida

Governor Ron DeSantis joked about blue-state Democrat lawmakers, much like their residents, fleeing their states to come to the freedom-rich beacon that is Florida.

Responding to AOC (Representative Alexandria Ocasio-Cortez D-NY) vacationing in Miami without a mask in December, something she couldn’t do in her own state, DeSantis fired off a jab.

“If I had a dollar for every lockdown politician who decided to escape to Florida over the last two years, I’d be a pretty doggone wealthy man, let me tell you,” DeSantis chided. “I mean, Congresspeople, mayors, governors, I mean you name it.”

From an economic standpoint, blue states consistently trail red states in the good they are doing for their own populations.

Eight of the top ten hottest housing markets, fore example, are currently in red states.

Red states are also better for business, with Republican states making up nine of the top ten states for the best business tax climate.

The four states with the worst business tax climate are all run by Democrat governors.

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Rusty Weiss has been covering politics for over 15 years. His writings have appeared in the Daily Caller, Fox... More about Rusty Weiss

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