What do blue states do when taxpayers vote with their feet?
I know, I know... our wealthy can afford to pay more. But most of them did not become wealthy by disregarding non-profitable expenses.
Of course they are greedy... that is who they are. But we kinda live off their greed because they create employment opportunities.
Link: https://www.msn.com/en-us/news/politics/washington-state-lawmakers-pass-millionaire-s-tax/ar-AA1YvxWN?ocid=entnewsntp&pc=U531&cvid=69b32649c7c9492c875349799a38f45f&ei=32
Replies to: What do blue states do when taxpayers vote with their feet?
According to this MSN article, the demographic that is leaving are those who can't afford to live
there anymore...ergo, the legislation to help them stay...without putting the millionaires and billionaires on bread lines.
Link: https://www.msn.com/en-us/news/politics/mamdani-finds-new-ally-in-bid-to-slap-new-york-city-s-rich-with-eye-watering-taxes/ar-AA1Yqhgi?ocid=entnewsntp&pc=U531&cvid=69b32649c7c9492c875349799a38f45f&ei=32&cvpid=69b32de72b5647f8a238205bc117095d
Post a link about corporations and wealthy folk migrating to high tax states
Aí says that ccelerating migration of wealth and corporations is moving from high-tax "blue" states—notably California, New York, Illinois, and Washington—to "red" states like Florida, Texas, and Tennessee. Driven by lower taxes, fewer regulations, and better business climates, this exodus has caused major income losses for departing states, with Florida gaining $200 billion in wealth over the last decade.
Dig a little deeper..."Why are people flocking from Florida in record numbers?"...turns out that FLA
residents...especially new college grads...don't find it livable...economically...not. unlike workers in NY and CA...(see linked article)...note that TX is having a similar problem.
In short, both Red and Blue states are encountering 'Affordability' crises...if businesses in America won't sufficiently take care of their workers, then who will?...there's only one other source...the same one that provided the 40 hr. week, Social Security, etc., etc.
We should resurrect our previous discussion on the ever-increasing Wealth Gap in the USA, and its impact on the non-millionaire/billionaire contingent...i.e. those below the 90% level for Net Worth.
Link: https://www.fox13news.com/news/why-people-flocking-from-florida-record-numbers
Here ya go.
Consent Management