John Stossel‘s latest column examines Americans’ propensity for voting with their feet. It’s titled “Live free or move.”
Forty-three million Americans moved from one state to another between 1995 and 2010 — about one-seventh of Americans.
It’s good that we can move! Moving provides one of the few limits on the megalomania of state bureaucrats.
Americans have moved away from high-taxed, heavily regulated states to lower-taxed, less-regulated states. Most don’t think of it as a political decision. They just go where opportunities are, and that usually means where there’s less government.
They’re leaving my state, New York, in droves. California, despite its great weather, also lost people, and wealth. Other biggest losers were Illinois, New Jersey and Ohio.
Travis Brown, author of “Money Walks,” tracked the movements using IRS data. On my TV show, he revealed that Florida was the state that gained the most: “You’re seeing a massive amount of people and their income coming in: $86 billion.”
Arizona and Texas also gained, which made me wonder if Americans just move to states where it’s warm. “No,” said Darcy Olsen, president of Arizona’s Goldwater Institute. “Weather explains just 5 percent of the migration … the Census Bureau asks, and they say, ‘to find a job.’”
People move where jobs are, and the states gaining the most — which also include North Carolina and Nevada — follow what she calls “the magic formula. Lower taxes and good labor policy, which means, to a business, being free to hire and fire the people you want. (In) the most successful states you see both — no income tax or low taxes coupled with right-to-work laws.”
The states that lost the most people and money were New York, California, Illinois, New Jersey and Ohio.
