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Millions are fleeing high-tax states to pursue a low-cost American Dream

2 1 0
18.01.2020

After the Connecticut General Assembly passed a billion-dollar tax hike in 2015, General Electric warned they might move their corporate headquarters out of the state if then-Gov. Dannel Malloy signed the bill. Malloy went ahead, and the following year General Electric announced the elimination of hundreds of jobs as they packed up the headquarters they’d called home for over 40 years.

That episode exemplifies a larger phenomenon happening across the United States over the last 10 years. According to population estimates for the end of the decade released by the US Census Bureau, millions of American families moved away from high-tax states to lower-tax ones, where work is rewarded and job creation is encouraged.

Most of those moves weren’t the result of high-profile standoffs........

© New York Post