Thursday, October 29, 2009

Producers going on strike in New York

It is not exactly something out of Atlas Shrugged, but it has strong echoes.

Andy Soltis talks about a trend that few others in the MSM dare mention.

New Yorkers are fleeing the state and city in alarming numbers -- and costing a fortune in lost tax dollars, a new study shows.

More than 1.5 million state residents left for other parts of the United States from 2000 to 2008, according to the report from the Empire Center for New York State Policy. It was the biggest out-of-state migration in the country.

The vast majority of the migrants, 1.1 million, were former residents of New York City -- meaning one out of seven city taxpayers moved out.

"The Empire State is being drained of an invaluable resource -- people," the report said.

What's worse is that the families fleeing New York are being replaced by lower-income newcomers, who consequently pay less in taxes.


The parasitic welfare state can't keep raising taxes with out exhausting its hosts, namely the productive. The productive can move. They can even quit or just simply retire.

In New York, they are moving out.

In a few years when the retirement boom hits, they will probably just up and quit(retire).

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