Rich Flee New Jersey, Snookie Remains

IBD's Capital Hill ^ | 2/17/2010 | Sean Higgins

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New Jersey’s leaders had a great idea for balancing the budget a few years back. Tap the state’s wealthy through hikes in income taxes, property taxes and even a “wealth tax”. So, how’s that working out? Not so well, reports the Newark Star-Ledger:

More than $70 billion in wealth left New Jersey between 2004 and 2008 as affluent residents moved elsewhere, according to a report released Wednesday that marks a swift reversal of fortune for a state once considered the nation’s wealthiest.

[RexBeach]

That’s pretty much what’s happening in every blue state in the nation, not to mention nearly all of New England, save NH perhaps.

[ABQHispConservative]

Too bad many move to red states and start demanding the same liberal crap they had in their original blue states.

[Le Chien Rouge]

Many rich are fleeing blue states to avoid the taxman however a few of them are left wing liberals who once they settle in a low tax red state, attempt to re-create the ‘socialist paradise’ they just left.

Texas gets quite a few from California.

[GeronL]

Yep. That is called voting with your feet.

[Nat Turner]

To put 70 billion in perspective that is larger than the GDP of the following:(in millions of $$)

62 Croatia 69,332

63 Belarus 60,302

64 Sudan 58,443

65 Syrian Arab Republic 55,204

66 Slovenia 54,613

67 Luxembourg 54,257

68 Qatar 52,722

69 Ecuador 52,572

70 Serbia 50,061

71 Bulgaria 49,900

72 Lithuania 47,341

73 Azerbaijan 46,259

74 Dominican Republic 45,790

75 Sri Lanka 40,714

76 Tunisia 40,180

77 Guatemala 38,977

78 Oman 35,729

79 Kenya 34,507

80 Latvia 33,783

81 Uruguay 32,186

82 Costa Rica 29,834

83 Lebanon 28,660

84 Uzbekistan 27,918

Great work Garden State Libs!!

[Carling]

California transplants have destroyed my state of Oregon. It always had a kooky epi-center in Portland, but now it has spread throughout the Portland metro area.

[Buckeye McFrog]

uh....quite a few New Jersey residents with cash have....errr....earned it in....uhhh....off-the-books activities....if youse gets my drift.......

[mo]

Maybe some day they’ll buy a clue.....a tax increase is basically paying wealth to leave. Its that simple. You’d think people accustomed to governing and legislating would understand one of the very basic action-reaction consequences of their decision-making!!!

[Teflonic]

Where taxpayers moved to and moved from in the 50 states, from 2007 to 2008, according to an Associated Press analysis of Internal Revenue Service data:

•Alabama: Net gain of 6,352 households. Biggest gains came from Florida and Michigan.

•Alaska: Net loss of 849 households. Biggest losses went to Washington State and Oregon.

•Arizona: Net gain of 20,300 households. Biggest gains came from California and Michigan.

•Arkansas: Net gain of 3,253 households. Biggest gains came from California and foreigners.

•California: Net loss of 19,680 households. Biggest losses went to Texas and Arizona.

•Colorado: Net gain of 17,583 households. Biggest gains came from California and Michigan.

•Connecticut: Net loss of 6,158 households. Biggest losses went to Florida and North Carolina.

•Delaware: Net gain of 1,946 households. Biggest gains came from Pennsylvania and New Jersey.

•Florida: Net loss of 3,591 households. Biggest losses went to Georgia and North Carolina.

•Georgia: Net gain of 37,559 households. Biggest gains came from Florida and New York.

•Hawaii: Net gain of 646 households. Biggest gains came from Michigan and California.

•Idaho: Net gain of 3,836 households. Biggest gains came from California and Nevada.

•Illinois: Net loss of 9,888 households. Biggest losses went to Texas and Indiana.

•Indiana: Net loss of 1,344 households. Biggest losses went to Texas and Tennessee.

•Iowa: Net gain of 1,472 households. Biggest gains came from foreigners.

•Kansas: Net loss of 473 households. Biggest losses went to Oklahoma and Colorado.

•Kentucky: Net gain of 4,424 households. Biggest gains came from Ohio and Michigan.

•Louisiana: Net gain of 4,987 households. Biggest gains came from foreigners.

•Maine: Net loss of 712 households. Biggest losses went to Florida and California.

•Maryland: Net loss of 8,167 households. Biggest losses went to North Carolina and Virginia.

•Massachusetts: Net loss of 3,788 households. Biggest losses went to Florida and California.

•Michigan: Net loss of 37,370 households. Biggest losses went to Florida and Texas.

•Minnesota: Net loss of 3,124 households. Biggest losses went to Texas and Arizona.

•Mississippi: Net gain of 1,007 households. Biggest gains came from Tennessee and foreigners.

•Missouri: Net gain of 109 households. Biggest gains came from foreigners.

•Montana: Net gain of 2,072 households. Biggest gains from California and Michigan.

•Nebraska: Net loss 1,667 households. Biggest losses went to Texas and Colorado.

•Nevada: Net gain of 9,329 households. Biggest gains came from California and Michigan.

•New Hampshire: Net loss of 1,147 households. Biggest losses went to Florida and North Carolina.

•New Jersey: Net loss of 19,285 households. Biggest losses went to Florida and Pennsylvania.

•New Mexico: Net gain of 630 households. Biggest gains came from California and foreigners.

•New York: Net loss of 28,376 households. Biggest losses went to Florida and North Carolina.

•North Carolina: Net gain of 40,995 households. Biggest gains came from Florida and New York.

•North Dakota: Net loss of 90 households. Biggest losses went to Colorado and Texas.

•Ohio: Net loss of 20,575 households. Biggest losses went to Florida and Texas.

•Oklahoma: Net gain of 2,988 households. Biggest gains came from California and foreigners.

•Oregon: Net gain of 10,728 households. Biggest gains came from California and foreigners.

•Pennsylvania: Net loss of 5,472 households. Biggest losses went to North Carolina and Florida.

•Rhode Island: Net loss of 3,374 households. Biggest losses went to Massachusetts and Florida.

•South Dakota: Net gain of 1,037 households. Biggest gains came from Iowa and Minnesota.

•South Carolina: Net gain of 20,482 households. Biggest gains came from Florida and New York.

•Tennessee: Net gain of 12,961 households. Biggest gains came from Florida and Michigan.

•Texas: Net gain of 62,827 households. Biggest gains came from California and foreigners.

•Utah: Net gain 6,097 households. Biggest gains came from California and foreigners.

•Vermont: Net loss of 1,356 households. Biggest losses went to North Carolina and California.

•Virginia: Net gain of 5,210 households. Biggest gains came from Maryland and New York.

•Washington: Net gain of 18,029 households. Biggest gains came from California and foreigners.

•West Virginia: Net gain of 1,291 households. Biggest gains came from Maryland and Virginia.

•Wisconsin: Net loss of 4,809 households. Biggest losses went to Texas and Minnesota.

•Wyoming: Net gain of 1,922 households. Biggest gains came from Michigan and California.

http://www.inforum.com/event/article/id/269097/

[tflabo]

Ronald Reagan nailed it when he said, “whatever you tax more you get less of it”. The rich just pack it up and stimulate the moving companies heading out of town.
Economic morons? —thy name is Dem liberals!

[enraged]

•Oregon: Net gain of 10,728 households. Biggest gains came from California and foreigners.

[pogo101]

Are the typical California self-deportees there “liberal” or conservative? See, my guess is that most folks fleeing California are NOT liberal, but I could be wrong.

[dbwz]

Snookie?

I’m not finding that in my NJ vernacular dictionary.

[OB1kNOb]

•Oregon: Net gain of 10,728 households. Biggest gains came from California and foreigners.

•Arkansas: Net gain of 3,253 households. Biggest gains came from California and foreigners.

You can have ours if you want them all.

[OldMissileer]

Too bad many move to red states and start demanding the same liberal crap they had in their original blue states.

I have posted sentiments just like this.

Liberals created garbage dumps of Fairfax and Prince William Counties in Northern Virginia (all the while ridiculing us for moving into a rural county with good schools and low taxes) and then moved south after life there could not be sustained. This raised our property values, thus our taxes, and then started crying for all the garbage they had up north that ended up raising taxes even more and turning us into the same mess.

I am not ashamed to say: If you want a pool for your kids to swim, a baseball, football or soccer field then get together with like-minded families and pay for them yourselves.

The never-ending "want, want, want" of these liberals have made junk out of our previously quiet, and economically sound county.

[Reeses]

New Jersey: Net loss of 19,285 households. Biggest losses went to Florida and Pennsylvania.

NJ's main selling point is it's not as bad as NY, and PA's is it's not as bad as NJ. NJ can't increase their taxes and regulations to NY's level without destroying the only thing keeping them afloat.

[CORedneck]

They done the same to Colorado especially in Denver and the high country.

California transplants have destroyed my state of Oregon. It always had a kooky epi-center in Portland, but now it has spread throughout the Portland metro area.