A TRILLION HERE AND A TRILLION THERE…:
Blue states have bled $2 trillion in wealth to red states in the last decade — and New York leads the pack.New York had the biggest fall in cumulative adjusted gross income (AGI) — losing $660 billion between 2012 and 2023.
California came next with $503 billion in the same time period.
In contrast, Florida gained $1.3 trillion, and Texas gained $371 billion between 2012 and 2023.
It comes as billionaire bigwigs are beginning their Big Apple exodus as a result of Mayor Mamdani’s wealth-bashing agenda.
Hedge fund titan Ken Griffin and Marc Rowan both announced recently that they will move jobs out of New York in response to Mamdani’s calls to “tax the rich.”
Gooder and harder.