Perhaps the BEST B1G Forum anywhere, here at College Football Fan Site, CFB51!!!

Interesting take. I've always looked at the number of people leaving. This is more about the money leaving. It's an editorial, but still cites good data and does not appear to manipulate it.


https://www.wsj.com/articles/illinois-j-b-pritzker-taxes-states-irs-ec3da356?st=la5rd8smy3wxdtk&reflink=desktopwebshare_permalink
https://www.wsj.com/articles/illinois-j-b-pritzker-taxes-states-irs-ec3da356?st=la5rd8smy3wxdtk&reflink=desktopwebshare_permalink

Man, hat tip to whoever did that data. I went to the source and while I think I could pull it together, it's quite unwieldy. 

I'd be interested in some of the historic trends, i.e. how different is it from a 3-year tranche in the early 2000s, early 90s, etc. But overall, it seems like mostly basic economics and preferences. People are moving from more expensive places to less expensive ones, usually from colder to warmer. Big chunks of that aren't so shocking.

Is some narrative stuff driving parts of it? Probably. But brass tacks econ is always key. And if demand wants to really drop in Ca., I'd be glad. 

Parking rate for that concert downtown... 

The market in action.

Man, hat tip to whoever did that data. I went to the source and while I think I could pull it together, it's quite unwieldy.

I'd be interested in some of the historic trends, i.e. how different is it from a 3-year tranche in the early 2000s, early 90s, etc. But overall, it seems like mostly basic economics and preferences. People are moving from more expensive places to less expensive ones, usually from colder to warmer. Big chunks of that aren't so shocking.

Is some narrative stuff driving parts of it? Probably. But brass tacks econ is always key. And if demand wants to really drop in Ca., I'd be glad.

I was at an economic forum back in Illinois a few years ago.

In that state, the top 10 percent of earners pay 80 percent of the taxes.

The 10 percent is leaving, which was the gist of the article.

That leads me to be interested in a whole other set of numbers.

Like these?

The uber wealthy can manage by avoiding taxable income.

California can manage to the extent their tech managers get options and bonuses, taxable income, better than Illinois.  I agree with you about IL, and I recall they have a massive pension deficit on top of this.  I'd guess inside a decade the Feds will bail them out.

The Uber Wealthy there and in NYC etc. just avoid having taxable income.  I know some states are trying to tax wealth.

Sure, folks won't like it, but $140 billion is a drop in the bucket for the Feds, and the Bleeding Hearts will have their way.