Good day all. For the last 15-20 years, and even more so in the last 10, we have seen a massive economic immigration from Democrat run states to states that aren’t literally destroying everything that once made their states economic powerhouses.
We have seen population levels in states like New York, Massachusetts and even California drop while states like Texas and Florida have seen increases. Besides the political effects of this, some states losing house seats and others adding them, we’re also seeing people with a lot of money fleeing high tax locations as well. Now there is talk of an “Economic Iron Curtain” falling across the United States. Here are the details from Fox Business News:
A new economic iron curtain is falling across America as the “Boom Belt” — an 11-state powerhouse in the U.S. Southeast — shatters records and challenges the traditional financial dominance of New York and Chicago.
Florida Gov. Ron DeSantis and Texas Gov. Greg Abbott joined forces in Miami on Tuesday to celebrate a $9 trillion gross domestic product (GDP) region that is now outpacing every other quadrant of the country in population, jobs and capital investment.
That has to be ringing alarm bells for the Progressive Liberal Democrats. They have spent decades basically looting the taxpayers and regulating businesses to the point of failure and collapse. In their arrogance, it never crossed their libtarded minds that people would simple vote with their feet.
“I often tell people, as Governor of Florida, my job is to closely follow California, Illinois, New York, so I can do precisely the opposite of what they do,” DeSantis said during the panel held at the Pérez Art Museum. “Florida’s had more adjusted gross income move into our state since I’ve been governor than has ever moved into any state in the history of the United States.”
It isn’t just what the state governments are doing. It’s what far to many of the remaining residence are doing as well. In Kalifornistan, you are seeing a move to introduce a “Wealth” tax. This isn’t a tax on income, it’s a tax on everything. The idea is, as always, to make “The Rich” pay “Their fair share.” what is actually happening is the people who will be affected by this idiocy are leaving those states and they are taking their money with them.
The idiots pushing all this live under the misconception that those with money just keep it in a large vault. They point at Elon Musk, who is worth north of $200 billion dollars and think “We should take that.” What they don’t understand is that Elon Musk probably only has between $50-100 million in cash in the bank. All the rest of his “wealth” exists only on paper. Forcing him and others to liquidate holdings would basically collapse the economy.
The governors spotlighted how Alabama, Arkansas, Florida, Georgia, Louisiana, Mississippi, North Carolina, Oklahoma, South Carolina, Tennessee and Texas now generate $9 trillion in annual GDP, trailing only the U.S. and China globally, while absorbing 70% of all U.S. population growth in the last five years.
The migration has been fueled by more than just sunshine; it is a tactical retreat from a wave of tax-the-rich proposals sweeping through blue-state legislatures including California, New York and now Washington.
One problem with all these people beating feet from the high tax states is that they’re the ones who put those Libtard Morons into office in the first place. Granted, not all of them, but enough that if they haven’t “leared” their lessons, they might just try doing the same thing in the states they just moved to.
In Texas, even though we have never had a state income tax, we wanted to make sure that future generations would not be able to impose an income tax, so we made income taxes unconstitutional in the state of Texas,” Abbott said. “We made a wealth tax unconstitutional. We made a death tax unconstitutional, and as [TXSE’s] Jim Lee pointed out, we made a transactions tax unconstitutional.”
As I’ve mentioned in the past, Anger Central is based in New Hampshire. One issue we have is the Massholes moving up here to escape the mess they created in Massachusetts. While the state legislature and governor’s office is Republicans, most of the major cities and the four federal offices, (Two members of the House and two senators), are currently communists Democrats)
New Hampshire does not have an income or sales tax and recently got rid of the capital gains tax. (This caught me by surprise this year as I had to pay it last year) Recently, the Democrats in the state legislature put forward a bill to institute a state income tax. It was soundly defeated. If they take control of the state government, they will try again and we might need to remind them about Article 10 of the State Constitution.
SEC Chairman Paul Atkins and TXSE CEO Jim Lee warned that the U.S. has lost half of its public companies over the last 30 years because the federal government made it “complicated, expensive and legally treacherous” to go public.
“As Chairman Atkins has remarked repeatedly, it used to be cool to be public, so what happened? The answer is we made it complicated, expensive and legally treacherous to be a public company. Remaining private became the only rational choice. This is not a coincidence. It is a consequence,” Lee emphasized.
That is part of the problem of course. Another part is what is happening in Delaware. It used to be that businesses would incorporate in Delaware because it was easy, the rules and regulations were simple and pro business and corporations had a corporate legal system that basically stayed out of the way.
Until recently.
There was a challenge to a pay and benefits package approved by Tesla’s board and shareholders for Elon Musk. A shareholder, probably a libtard, challenged the package and an idiot judge overturned the package. Musk’s response was to disincorporate all his Delaware based companies and reincorporate them elsewhere, such as in Texas. He also blasted Delaware and this has led to a number of companies looking to pull out of Delaware and others to look into doing so as well.
This could cost Delaware hundreds of millions, potentially billions of dollars. According to Grok, it could blast a 25-30% hole in the state budget. If this were to actually happen, Delaware would have to either cut spending massively or impose levels of taxation on the residents of Delaware that would crush them. All because the Democrats could not leave well enough alone.
The same thing is happening in Illinois, especially in Chicago. Major companies that can leave are doing so. This is already starting to hit the state and city budgets.
As someone who helped lead the firm’s move from Chicago to Miami, Citadel Securities President Jim Esposito highlighted the practical, bottom-line reasons why the “Boom Belt” is winning the war for capital — framing the Southern governing style as an inspiration for the rest of America.
“Across Florida, Texas and other high-growth states, government officials have created environments where businesses can operate, invest. And importantly, grow with confidence,” he said. “This type of public and private partnership should be the model for the rest of our country.”
I would like to say New Hampshire is doing as well as Florida or Texas, and we are growing. The problem we have here is this pesky thing called “Snow.” You don’t see a lot of that in Florida or Texas. There are some other issues that are being worked on. What we don’t have is a massive increase in crime the way you do in the Democrat run cities and states. One reason for that? Article 2-a, [The Bearing of Arms]
All persons have the right to keep and bear arms in defense of themselves, their families, their property and the state.
Liberal Democrat states have been working for decades to flat out suppress the 2nd Amendment. In New Hampshire, we have constitutional carry, (No permit required), Stand your Ground and a Castle doctrine. Criminals who try going after people have a bad habit of suddenly developing holes in critical parts of their anatomy. That also works in favor of business and people.
You have the same situation in Texas and Florida, (although they both need some improvement) Criminals tend to get shot and as long as you aren’t dealing with a county Soros DA, (Jose Garcia in Austin), in most cases, after a quick investigation, they give you your gun back and send you on your way.
Over the years I and others have been talking about the political divide in America between the “Blue” States ruled by Democrats and the “Red” states administered by Republicans. Many people have looked at what is happening and have talked about things like a “National Divorce” between the Red and Blue states. You also have parts of one state looking to secede and join another state. The Greater Idaho movement is one such project where a number of eastern counties in Washington State are looking to join Idaho.
I can’t say if we will actually see the United States break up again. I hope not, but if it does, you will see a massive outflow of businesses and money from the Democrat states all moving to much friendlier states. The Democrat States are already suffering budget shortfalls as they increase both spending and taxes for little to no benefit of the middle class.
When the middle class leaves, or is crushed, the liberal states will quickly collapse as well. It will be the southern and other Red States that will be the ones left standing. Congratulations to Texas and Florida. Hopefully, New Hampshire will also join them in the benefits of the Democrats Economic collapse.
Thatisall
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