I think the most serious problem for high tax states is that the majority of people leaving are the higher earning residents, with significant savings. They paid the majority of taxes for those states and are fed up with that cost and the politics driving up the cost of living there. They flee to Florida, taking their wealth with them.
The majority of their replacements moving into those states are illegals who are a huge financial drain on the state and cities because they consume public funds. Rarely do we ever hear about wealthy people moving into these states. Financially, those states are hurting badly, and time is only making it worse.
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