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« Now that we're getting to where the rubber meets the road on health care reform . . . | Main | Absolutely definite evidence the economy's prospects are excellent »

November 10, 2009

People respond to incentives, part I've-lost-count

"Tax refugees staging escape from New York". 1.5 million from 2000 to 2008. "More than 250,000" left for Florida; they were problably "escap[ing]" into retirement.

But the outflow is still impressive and this is rather ominous sounding for New York's fiscal future: ". . . the families fleeing New York are being replaced by lower-income newcomers, who consequently pay less in taxes." 

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