New York and New Jersey lost $140 billion in income in just one decade.
Call it moving van economics — and New York and New Jersey are the losers.
A new analysis from my organization, Unleash Prosperity, of the latest census and income tax data finds these two states have lost more residents over the past decade than any other state not named California.
These are giant population losses from two of America’s leading industrial and financial centers throughout the 20th century.
These New York and New Jersey refugees have mostly relocated to the new powerhouse states like Florida, Texas and Tennessee. These moving vans explains why the Southeast is now, for the first time ever, the economically dominant region in the country.
Even more problematic for New York and New Jersey is that the movers are taking a lot of personal income and purchasing power with them. From 2012 to 2022, New York has lost $111 billion in income while Jersey is down by more than $31 billion.
Because the income is lost forever — except for the rare cases when the exiles move back — these income losses accumulate year after year.
Unleash ProsperityWhy are so many people leaving the Northeast?
A myriad of reasons — crime, cost of living, better job opportunities, warmer weather and, yes, to save money on taxes.
New York, New Jersey and California are the three biggest losers in the interstate migration sweepstakes, and they just happen to be the states with the highest state-local income tax add-ons. The big winner states like Florida and Texas have no income tax at all. ...
They are not only losing population and income to Florida and Texas, but I think Florida and Texas are also gaining businesses. The three loser states are plagued by government greed that imposes high taxes on both businesses and workers. Add the fact that Florida and Texas have milder winter weather, and it makes the move more comfortable.
Eric Daugherty @EricLDaugh · 1h NOW: JD Vance absolutely decimates Gov. JB Pritzker "Governor Pritzker will talk a lot about how bad Donald Trump is, about how bad I am, and about how bad the administration is. He is the governor of a state that where its biggest city has murder rates that rival the most violent places in the THIRD WORLD!" "WHY is he so mad at Donald Trump for trying to keep Chicagoans safe? He should be mad at the CRIMINALS that he has failed to keep at bay. We're trying to help him, and we're trying to help the residents of his biggest city." "I wish that he would let us, because he certainly isn't doing the job himself!" Chicago could be so much better if it had more responsible leadership. Democrats in Illinois don't appear up to the job.
Don Surber: ... The Democratic Party victory is seen as a victory for the opponents of democracy in the Middle East in general and Iraq in particular. I am not blaming Democrats. I blame the 31 million Americans who have given up after less than 4 years. They may not eat cheese, but they are surrender monkeys. That half of them supported the war when it began is sickening. I can deal with a Robert C. Byrd. He opposed sending our troops into harm’s way. But Jay Rockefeller? John Kerry? Jack Murtha? They and the hundreds of other Democrats who voted for the war only to give up later are throwing away lives of our Iraqi allies who were foolish enough to trust us when President Bush said we were in Iraq to stay. Now they are running for cover. ... The Democratic “peace plan” will not bring peace to anyone. It will simply will bring our troops home and cede an important battleground in the war on terror to the terrorists. Swapping land for security just does not work.... ... It always amaze...
AP: When the teenager went to the police a few months ago to report she was gang-raped by seven men, she never imagined the judge would punish her — and that she would be sentenced to more lashes than one of her alleged rapists received. The story of the Girl of Qatif, as the alleged rape victim has been called by the media here, has triggered a rare debate about Saudi Arabia's legal system, in which judges have wide discretion in punishing a criminal, rules of evidence are shaky and sometimes no defense lawyers are present. The result, critics say, are sentences left to the whim of judges. These include one in which a group of men got heavier sentences for harassing women than the men in the Girl of Qatif rape case or three men who were convicted of raping a boy. In another, a woman was ordered to divorce her husband against her will based on a demand by her relatives. In the case of the Girl of Qatif, she was sentenced to 90 lashes for being alone in a car with a man to whom she ...
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