Site icon Todd K Marsha

Blue Strongholds Lose Hundreds Of Billions In Income As Americans Flock To Red States

Blue Strongholds Lose Hundreds Of Billions In Income As Americans Flock To Red States

<p><&excl;-- BEGIN THEIA POST SLIDER --><&sol;p>&NewLine;<p> <br &sol;>&NewLine;<&sol;p>&NewLine;<div style&equals;"position&colon;relative">&NewLine;<p><span style&equals;"font-weight&colon;400">Americans moving out of deep blue states have taken with them hundreds of billions of dollars-worth of personal income&comma; while red strongholds are brimming with new economic activity&comma; according to a new database&period;<&sol;span><&sol;p>&NewLine;<p><span style&equals;"font-weight&colon;400">Former Trump economic advisor Steve Moore and Virginia Governor Glenn Youngkin announced the release of a new database on Thursday from Unleash Prosperity&comma; a nonprofit that advocates supply-side economics&period; The database&comma; <&sol;span><a href&equals;"https&colon;&sol;&sol;votewithyourfeet&period;net&sol;data&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener"><span style&equals;"font-weight&colon;400">Vote With Your Feet<&sol;span><&sol;a><span style&equals;"font-weight&colon;400">&comma; tracked the domestic migration of Americans from the decade of 2012-2022&period;<&sol;span><&sol;p>&NewLine;<p><span style&equals;"font-weight&colon;400">Using largely IRS data&comma; Vote With Your Feet provides information on the movement of people within the United States and breaks the migration down in terms of aggregated gross income &lpar;AGI&rpar; either gained or lost as people move between states&period; The database also features a tool to determine which political party&comma; Republicans or Democrats&comma; controlled each state each year of the decade&period;<&sol;span><&sol;p>&NewLine;<p><span style&equals;"font-weight&colon;400">The tool shows that over the course of the decade&comma; deep blue strongholds <&sol;span><a href&equals;"https&colon;&sol;&sol;votewithyourfeet&period;net&sol;top-10&sol;lost-most-money-pct-2&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener"><span style&equals;"font-weight&colon;400">lost<&sol;span><&sol;a><span style&equals;"font-weight&colon;400"> hundreds of billions of dollars in AGI&period; New York suffered the worst loss&comma; tallying a drain of over &dollar;111 billion in AGI from people leaving the state&period; California came in second&comma; losing just over &dollar;102 billion in AGI&period;<&sol;span><&sol;p>&NewLine;<p><span style&equals;"font-weight&colon;400">Illinois &lpar;minus &dollar;63 billion&rpar;&comma; New Jersey &lpar;minus &dollar;31 billion&rpar;&comma; and Massachusetts &lpar;minus &dollar;19 billion&rpar; rounded out the top five biggest losers&period; All five states throughout the decade were controlled either entirely or mostly by Democrats in the governors’ seats and legislatures&period;<&sol;span><&sol;p>&NewLine;<p><span style&equals;"font-weight&colon;400">Those losses also corresponded with heavy losses in population&comma; as well&period; New York and California again logged the worst performances&comma; <&sol;span><a href&equals;"https&colon;&sol;&sol;votewithyourfeet&period;net&sol;top-10&sol;lost-people&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener"><span style&equals;"font-weight&colon;400">losing<&sol;span><&sol;a><span style&equals;"font-weight&colon;400"> roughly 1&period;8 million and 1&period;6 million people&comma; respectively&period;<&sol;span><&sol;p>&NewLine;<p><span style&equals;"font-weight&colon;400">While Americans flooded out of deep blue states&comma; red states led by Florida and Texas were seeing a surge of new people and wealth&comma; according to the data set&period; In terms of AGI&comma; Florida took the spot of most growth&comma; <&sol;span><a href&equals;"https&colon;&sol;&sol;votewithyourfeet&period;net&sol;top-10&sol;gained-most-money&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener"><span style&equals;"font-weight&colon;400">earning<&sol;span><&sol;a><span style&equals;"font-weight&colon;400"> &dollar;196 billion more over the course of the decade due to positive net migration into the state&period;<&sol;span><&sol;p>&NewLine;<p><span style&equals;"font-weight&colon;400">Texas followed with an increase in AGI of &dollar;54 billion over the course of the decade&period; The other top performing states included Arizona &lpar;&dollar;30 billion&rpar;&comma; North Carolina &lpar;&dollar;28 billion&rpar;&comma; and South Carolina &lpar;&dollar;28 billion&rpar;&period;<&sol;span><&sol;p>&NewLine;<p><span style&equals;"font-weight&colon;400">Every state in the top five of extra AGI earned through domestic migration was controlled largely or entirely by Republicans from 2012 to 2022&period;<&sol;span><&sol;p>&NewLine;<p><span style&equals;"font-weight&colon;400">Of the top AGI states&comma; Florida led with net migration&comma; as well&comma; with nearly 1&period;6 million extra people <&sol;span><a href&equals;"https&colon;&sol;&sol;votewithyourfeet&period;net&sol;top-10&sol;gained-most-people&sol;" target&equals;"&lowbar;blank" rel&equals;"noopener"><span style&equals;"font-weight&colon;400">flocking<&sol;span><&sol;a><span style&equals;"font-weight&colon;400"> to the state over the course of the decade&period; The rest of the top five in population migration tracked closely with the top five in AGI&comma; except North Carolina at 521&comma;000 brought in more people than Arizona at 483&comma;000&period;<&sol;span><&sol;p>&NewLine;<&sol;div>&NewLine;<p><br &sol;>&NewLine;<br &sol;><a href&equals;"https&colon;&sol;&sol;www&period;dailywire&period;com&sol;news&sol;blue-strongholds-lose-hundreds-of-billions-in-income-as-americans-flock-to-red-states">Source link <&sol;a><&sol;p>&NewLine;<p><&excl;-- END THEIA POST SLIDER --><&sol;p>&NewLine;

Exit mobile version