LA Times faces strong backlash online for criticizing those wanting to exit high-tax California
LA Times Columnist Faces Backlash Over California Tax Discussion A columnist from the Los Angeles Times is drawing ridicule online after attempting to persuade Californians to stay in the state, particularly in light of a new tax proposal from Democrats aimed at high earners. The Service Employees International Union (SEIU) is leading the push for […]
Wealthy Americans will leave New York and high-tax states despite increased SALT deductions, according to a Goldman report.
A recent analysis from Goldman Sachs suggests that even with a high limit on state and local tax (SALT) deductions, the trend of people moving to states like Florida and Texas is unlikely to change. This report, led by economist Jan Hatzius, indicates that over the last two decades, the U.S. has seen a significant […]
Mass exodus: Americans flee high-tax blue states for red freedom
Hedge fund manager and investor Ray Dalio thinks a new American civil war is possible, putting the probability at 35-40%. But it probably won’t turn into a gunfight, he says. Instead, it will manifest as geographic relocation: “People will move to states that are in line with their preferences, and they won’t submit to the […]