404k views
Do You Live in One of These 10 States That Voted For Hillary Clinton? Chances Are...Your State Is Dying
It should
come as no great surprise that Hillary Clinton significantly
outperformed President-elect Donald Trump in Democrat strongholds like
California and New York — in some cases by millions of votes.
While the results of the election almost certainly ran a current of heartbreak through these left-leaning states, it seems the top-ten states which Hillary carried by the widest margins all have something else in common: people are clamoring to move out of them.
According to economic expert Stephen Moore, writing in the Washington Times, the reasons Americans are fleeing these states are all driven by economics — namely, that they share the progressive values of “high taxes rates; high welfare benefits; heavy regulation; environmental extremism; high minimum wages.”
It’s likely not coincidence that the state also implements an 8 percent top marginal corporate income tax rate and has one of the highest property tax burdens in the nation. Massachusetts is also one of the few states where estate and inheritance taxes are levied.
Despite one of the highest minimum wages in the U.S., tech and Hollywood moguls enjoy a very different life compared to everyday Californians — which could explain why the state's seen a net loss of nearly 1.3 million residents over the past decade.
Maryland has only had two Republican governors since 1969.
The state has experienced a net loss of more than 145,000 residents over the last decade.
It should come as no surprise that the state's residency has taken a nearly 1.5 million hit from 2005 to 2014, more than any other state.
Some contributing factors might be its high property tax burden and sluggish state gross domestic product growth. The state's net loss in residency over the last decade sits at about 70,000.
New Jersey experienced a net loss of roughly half a million residents from 2005 to 2014.
Over the last 10 years, the state has seen a total net loss of 153,000 residents.
Vermont's residency has dropped by about 9,000 over the last decade.
The state also has a hard time keeping people from leaving. From 2005 to 2014, Illinois has experienced a net loss of almost 700,000 residents.
The Aloha State has one of the highest top marginal personal income tax rates and the highest sales tax burden, according to the ALEC study.
The sunshine is also not enough to keep people from migrating away from the state, which experienced a net loss of 36,000 residents from 2005 to 2014.
—
For what it's worth, Moore also notes that those states that had the highest percentage of voters come out for Trump — including Wyoming, West Virginia, Oklahoma, North Dakota, Kentucky, Tennessee, South Dakota and Idaho — have, in fact, seen gains in net state population.
The rankings are based on a thorough study by American Legislative Exchange Council, which ranks the economic health outlook of each state based on a myriad of economic data.
In the end, it seems that Americans are putting more and more faith in conservative-minded economics, and voting with their feet.
While the results of the election almost certainly ran a current of heartbreak through these left-leaning states, it seems the top-ten states which Hillary carried by the widest margins all have something else in common: people are clamoring to move out of them.
According to economic expert Stephen Moore, writing in the Washington Times, the reasons Americans are fleeing these states are all driven by economics — namely, that they share the progressive values of “high taxes rates; high welfare benefits; heavy regulation; environmental extremism; high minimum wages.”
Here is an amazing statistic. Of the 10 blue states that Hillary Clinton won by the largest percentage margins — California, Massachusetts, Vermont, Hawaii, Maryland, New York, Illinois, Rhode Island, New Jersey, and Connecticut — every single one of them lost domestic migration (excluding immigration) over the last 10 years (2004-14). Nearly 2.75 million more Americans left California and New York than entered these states.Here's a more detailed look at what economic factors have been decimating the economies while driving Americans and businesses to abandon the top-ten liberal bastions which overwhelmingly supported Hillary Clinton in the election:
Massachusetts
From 2005 to 2014, Massachusetts has seen a net loss of 156,861 residents — meaning, more people are leaving than coming to the Democratic stronghold.It’s likely not coincidence that the state also implements an 8 percent top marginal corporate income tax rate and has one of the highest property tax burdens in the nation. Massachusetts is also one of the few states where estate and inheritance taxes are levied.
California
There's no doubt that California's economy is huge (it's roughly the size of France's), but it's also considered the most unequal state in the nation.Despite one of the highest minimum wages in the U.S., tech and Hollywood moguls enjoy a very different life compared to everyday Californians — which could explain why the state's seen a net loss of nearly 1.3 million residents over the past decade.
Maryland
Maryland ranks 44th in economic outlook for its 8.95 percent top marginal personal income tax rate and 37th for its corporate income tax rate — a double whammy for earners and businesses.Maryland has only had two Republican governors since 1969.
The state has experienced a net loss of more than 145,000 residents over the last decade.
New York
With some of the highest personal and corporate income tax rates in the nation, New York ranked dead last in ALEC's economic outlook — a position it's held six out of the last seven years.It should come as no surprise that the state's residency has taken a nearly 1.5 million hit from 2005 to 2014, more than any other state.
Rhode Island
Rhode Island ranks 48th in economic performance and 35th in economic outlook, according to the ALEC study.Some contributing factors might be its high property tax burden and sluggish state gross domestic product growth. The state's net loss in residency over the last decade sits at about 70,000.
New Jersey
The Garden State has some of the highest personal, corporate and property taxes in the country. That’s largely why New Jersey ranked 48th in economic outlook by ALEC.New Jersey experienced a net loss of roughly half a million residents from 2005 to 2014.
Connecticut
A slow-growing state domestic product coupled with higher than average tax rates lands Connecticut in 47th place on ALEC’s economic outlook scale.Over the last 10 years, the state has seen a total net loss of 153,000 residents.
Vermont
Ranked 49th in economic outlook by ALEC, Vermont also has the second-highest personal income tax progessivity and plenty of newly legislated tax changes to take more of its residents’ money.Vermont's residency has dropped by about 9,000 over the last decade.
Illinois
While income tax in the state is actually reasonable, corporate taxes are higher than average and residents get hit with a high property tax burden.The state also has a hard time keeping people from leaving. From 2005 to 2014, Illinois has experienced a net loss of almost 700,000 residents.
Hawaii
The weather might be beautiful in Hawaii, but the taxes are not.The Aloha State has one of the highest top marginal personal income tax rates and the highest sales tax burden, according to the ALEC study.
The sunshine is also not enough to keep people from migrating away from the state, which experienced a net loss of 36,000 residents from 2005 to 2014.
—
For what it's worth, Moore also notes that those states that had the highest percentage of voters come out for Trump — including Wyoming, West Virginia, Oklahoma, North Dakota, Kentucky, Tennessee, South Dakota and Idaho — have, in fact, seen gains in net state population.
The rankings are based on a thorough study by American Legislative Exchange Council, which ranks the economic health outlook of each state based on a myriad of economic data.
In the end, it seems that Americans are putting more and more faith in conservative-minded economics, and voting with their feet.
No comments:
Post a Comment