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Old 09-16-2008, 01:44 PM   #112 (permalink)
loquitur
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Location: NYC
well, that's sort of a "duh." Being rich means being mobile - why subject yourself to confiscatory taxation if you don't want to? Mind you, a lot of people love NY and are willing to pay very high taxes to be there, for all sorts of reasons. But they don't have to. There's a reason why NY and CA have net outflows of US citizens (replaced to some degree by immigrants, who are at the bottom - low-taxed, high-benefit-receiving end of the scale), while FL and TX have high inflows.
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