North Carolina may have a few lessons to learn from New York. A study by the Empire Center for New York State Policy concludes that middle-class families are leaving the state by over one million, reports the WSJ. The reason–high, high, high taxes. The study says that migration patterns are consistent with states most affected by high taxes and number one on the list: New York.
Liberals continue to insist that they can raise taxes ever higher without any effect on behavior, but the New York study is one more piece of evidence that this is a destructive illusion.
Some may be leaving New York for the cozy suburban of North Carolina, the article suggests. But these sojourners are in for a rude awaking when they feel our billion dollar tax increase over the next two years. Maybe we should take a note from the Big Apple and remember that high taxes drive people out-people North Carolina needs to support our economy.