Mrkim Report This Comment
Date: January 20, 2010 01:46PM
A bit of telling statistics from the Wall Street Journal :
THE GREAT D.C. MIGRATION
Every day thousands of Americans vote with their feet on the best places to live
and work, and these migration patterns can tell a lot about state economies --
and economic policies, says the Wall Street Journal. United Van Lines has
released its annual report for 2009, based on those the moving company has
relocated across one state line to another, and the winner is . . .
But first the biggest loser, which was Michigan for the fourth year in a row.
More than two families left the state for every family that moved in. The fall
of GM and Chrysler has obviously hurt, but two-term Governor Jennifer Granholm
has also made her state the test case for the policy mix of raising taxes on
higher incomes, increasing regulation, and steering taxpayer money at favored
programs like job retraining and renewable energy. It hasn't worked for
Michigan, even with the auto bailouts, says the Journal.
* The next two biggest net losers were Illinois and New Jersey, while
California and New York also continued to have far more departures than
* Ten states gained net arrivals: Oregon, Arkansas, Nevada, Wyoming, Idaho,
Colorado, Georgia, New Mexico, Texas and North Carolina.
* Of those, only Oregon sways decidedly to the political left and it has
benefited from the economic refugees fleeing California.
Six of the eight states with no income tax were magnets for families, while
eight of the 10 highest income tax states had more people packing. Democrats in
state capitals and Washington have convinced themselves that "soak the
rich" tax policies can help balance budgets, but the main effect seems to
be to stimulate bon voyage parties, says the Journal.
As for the biggest winner, well, no one should be surprised to learn that it was
Washington, D.C., by a large margin. United Van Lines moved nearly seven
families to the federal city last year for every three it moved out. As always
when the feds gear up the income redistribution machine, the imperial city and
its denizens get a big cut of the action, says the Journal.
Source: Editorial, "The Great D.C. Migration; Americans move to where your
money is," Wall Street Journal, January 20, 2010.