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.
A 50-state survey: New 2020 IRS domestic migration data reveals #Florida is the biggest winner, #New York the biggest loser, in the competition for people and their wealth. Via @Wirepoints https://t.co/wFfVaITro4 #twill #muniland @irsnews pic.twitter.com/CLF0BmgomR
— Wirepoints (@Wirepoints) May 25, 2022
Blue States Losing Population, $$$
Topping the list of states capitalizing on the blue state population exodus are Florida and Texas.
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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.
Blue State Gov: ‘Tax peeps more, what can they do?’
Blue State Peeps: ‘Move’
New 2020 IRS migration data shows Florida is the biggest winner, New York the biggest loser, in the competition for people and their wealth – All 50-states:https://t.co/Q77fhrwQhf
— Not Simo Häyhä (@h2av8tor) June 3, 2022
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.”
DESANTIS ON AOC: “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.”
— Benny Johnson (@bennyjohnson) January 3, 2022
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.
Republican leadership delivers.
8 of the top 10 hottest housing markets are in states with GOP Govs
17 of top 20 states for jobs recovered from the pandemic have GOP Govs
16 of top 20 states with lowest unemployment have GOP Govs https://t.co/9eWs1jiucq
— Nathan Brand (@NathanBrandWA) January 5, 2022
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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