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NY turns into a FLEE Market

August 9, 2011

NY turns into flee market (1.6M bolt high-tax state in last decade)
New York Post ^ | August 3, 2011 | ERIK KRISS

Posted on Wednesday, August 03, 2011 11:58:41 AM by Second Amendment First

Taxed-out New Yorkers are voting with their feet, with a staggering 1.6 million residents fleeing the state over the last decade, a new report found.

That’s as if the entire populations of Buffalo, Rochester, Yonkers, White Plains and West Babylon combined had packed up and left.

For the second consecutive decade, New York led the nation in the percentage of residents leaving for other states, according to the report by the Empire Center for State Policy.

The population loss is “the ultimate barometer of New York’s attractiveness as a place to work, live and do business,” said the report’s co-author, E.J. McMahon. “It’s the ultimate indication that we’ve been doing things wrong.”

Most analysts blamed New York’s high taxes and skyrocketing cost of living for the mass exodus.

The Tax Foundation ranked New York highest in the nation in the combined state and local tax burden in 2008. And as small-business lobbyist Mike Durant noted, New York has also “consistently ranked worst or in the top three worst in business climate.

“You can’t suck every penny out of people and expect them to remain in New York,” added Durant, New York state director of the National Federation of Independent Business.

Since 1960, New York has lost 7.3 million residents to other states — a net loss of 2.5 million people after adding in an influx of 4.8 million new immigrants, the study found.

Even counting the state’s high influx of immigrants, New York still suffered a bigger net loss than all but three other states during the last decade, according to the analysis of 2010 Census data by the fiscally conservative think tank.

(Excerpt) Read more at nypost.com …

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