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New Yorkers Leave Like East Germans Fled Communism
IBD Editorials ^ | May 30, 2012 | Editor
Posted on May 30, 2012 9:25:45 PM EDT by Kaslin
Big Government: New York thinks of itself as the place to be, but its high taxes have made it a place to flee. Those who have escaped the Empire State tax man could fill a major city.
From 1949 to 1961, more than 2.6 million of East Germany's 17 million population escaped to West Berlin or West Germany, a hemorrhage of humanity that led the Communists to construct the infamous Berlin Wall in 1961.
The state of New York, with about 19.5 million people, has no known plans to erect concrete barriers or barbed wire fences. But from 2000 to 2010 it suffered an exodus of some 3.4 million New Yorkers — nearly a million more people than in Germany's post-war experience and more than that of any other state.
And the outflow hasn't stopped. The income loss for the state is $45.6 billion, the Tax Foundation says.
Granted, it's not just one-way traffic. New York has plenty of immigration from abroad; its more than 4 million foreign-born residents give it the second-biggest immigrant population in America.
So net outward migration is about 1.3 million.
Most New York refugees are in sunny, zero-income-tax Florida. The Sunshine State, along with its rays, offer big relief from New York's state tax on income, which starts at almost 6.5% and reaches nearly 9% for the overly successful.
(Excerpt) Read more at news.investors.com ...
