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In a recent WSJ op-ed, Allysia Finley pointed out this primarily works to the political benefit of public sector unions and welfare activists.

Losing wealth-creators and affluent workers doesn’t just affect the economic landscape. Yet there are reasons to believe these problems are going to get worse, not better. “New York City isn’t some dystopian wasteland where no one can see their future,” writes Jerusalem Demsas.ĭemsas may be right, but it’s hard to deny there is a dystopian character to what we’re witnessing in many major US cities-including surging crime, failing schools, and social unrest. The Atlantic accepts the reality that a major migration is underway, one that undercuts the conventional wisdom that “Democratic states are the future,” but rejects the idea that they are “dying.” Needless to say, these data do not bode well for the future of these states. “In other words, the geese with the golden eggs are flying away,” writes economist Daniel Mitchell, referring to the IRS data. The average income for a new arrival to the Sunshine State was roughly $150,000-more than double those leaving. For Florida, the data are even more stark.

Taxpayers giving up on the Prairie State and the Empire State made about $35,000 more per year than new arrivals. But who is migrating is equally important, and the data paint a bleak picture for these states. That people are migrating from these states is important. California, meanwhile, saw its AGI loss ($29 billion) more than triple since 2019. For New York it was $24.5 billion, an increase of more than 150 percent from 2019. A recent Wall Street Journal analysis found that more than 100,000 people left Illinois in 2021, taking with them some $11 billion in AGI, nearly double its 2019 total. New IRS data, however, show the speed with which blue states are losing taxpayers-and their adjusted gross income (AGI)-is increasing. A few years before that, a headline in The Hill touched on “the great exodus out of America’s blue cities.”

In 2021 Forbes wrote about “ leftugees” fleeing blue states for red ones. It’s no secret that Griffin’s exit is part of a much larger migration taking place across America.ĭata show that several populous blue states-California, New York, and Illinois among them-have been losing population and companies for years. The Windy City was out of control, he told Bloomberg, something that dawned on him after a colleague made a coffee run and was robbed by a thief who put “a gun to his head.” Last September, billionaire Ken Griffin announced he was pulling up stakes and moving Citadel-his gigantic hedge fund-from Chicago to Miami.