People leaving California, New York and Illinois are an exception to this story
NY Times:
I suspect the same is true on moves from New York to Florida. Illinois is also losing population.
All three of the states losing population have confiscatory tax rates and the states they are leaving for are usually ones without a state income tax. Whole businesses are packing up and leaving California for Texas. The biggest question facing Texas is whether these new residents are foolish enough to vote for the same bad policies which caused them to leave in the first place.
There are still more people leaving California than moving there. The U-Haul rates are a significant data point where it cost as much as three times to rent a truck in California for a move to Texas versus a move from Texas to California.Frozen in Place: Americans Are Moving at the Lowest Rate on Record
Restless mobility in search of opportunity is an American hallmark, but new Census Bureau data finds that more people, especially millennials, are staying put.
I suspect the same is true on moves from New York to Florida. Illinois is also losing population.
All three of the states losing population have confiscatory tax rates and the states they are leaving for are usually ones without a state income tax. Whole businesses are packing up and leaving California for Texas. The biggest question facing Texas is whether these new residents are foolish enough to vote for the same bad policies which caused them to leave in the first place.
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