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Leaving New York

11:27 AM, Dec 27, 2013 • By GEOFFREY NORMAN
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Seems that New York is about to be overtaken by Florida as the nation’s third most populous state. As Jesse McKinley of the New York Times reports, this is:

… a long-anticipated drop that is rife with symbolism and that could carry potentially serious economic consequences in coming years.

And can be accounted for by the fact that:

… foreign-born migrants continue to move to warm-weather states such as California and Texas — No. 1 and 2 — as well as to Florida.

And:

the struggles in upstate New York, which has lost large-scale manufacturing jobs and large chunks of population, offsetting consistent gains in New York City.

No mention of unions, bloated state government, and political corruption.  And, then, there is the matter of taxes.  New York’s governor, Andrew Cuomo, is attempting to reinvigorate the upstate economy:

… through a variety of economic development programs, including the legalization of more casinos and a program that allows businesses to start or relocate on or near college campuses and pay no state taxes for 10 years. 

Which would seem to concede that low taxes stimulate economic growth.  Florida has no personal income tax which many would, no doubt, find even more agreeable than semitropical weather. 

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