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[kelly1mm]

This message was self-deleted by its author (kelly1mm) on Mon May 29, 2023, 08:50 PM. When the original post in a discussion thread is self-deleted, the entire discussion thread is automatically locked so new replies cannot be posted.

[Scrivener7]

1. We're better off without them.

[TheRealNorth]

12. Fuck em

If they want to live in a Fascist utopia, we are better off without em.

[W_HAMILTON]

23. New York just posted BY FAR its highest revenue from personal income taxes:

2022: $70.7 billion
2021: $54.9 billion
2020: $53.6 billion
2019: $48.0 billion
2018: $51.5 billion
2017: $47.6 billion
2016: $47.0 billion
2015: $43.7 billion

Taken from: https://www.tax.ny.gov/research/stats/statistics/stat_fy_collections.htm

(I got tired of going back and checking each year at this point)

So, New York lost $25 billion in personal income -- not taxes, which would be a far smaller amount -- and gained approximately $15 billion in tax revenue. I would say that's a win for them.

I wouldn't be surprised if California is in a similar situation, although I can't find a website that lists their revenues as easily as I did for New York.

[W_HAMILTON]

30. And you think loss of $25 billion of personal income caused that?

[W_HAMILTON]

33. I think what's funny is you trying to explain a loss of $25 billion in personal income...

...in state that has an economy approaching $4 TRILLION dollars as the reason for their budget shortfall.

So, again...

[former9thward]

11. I wonder if Gov. Newsom thinks that?

During a press conference at the California Natural Resources Agency in downtown Sacramento, Newsom unveiled a revised spending plan that will rely on some additional fiscal maneuvers — including shifting funding sources and internal borrowing — to address a projected $31.5 billion gap in the 2023-24 state budget.

https://calmatters.org/politics/2023/05/california-budget-deficit-newsom/

In just two years CA has gone from having the highest surplus of any state to the highest deficit of any state.

[DBoon]

18. Prop 13 way back in the late 1970s effectively froze property tax revenue.

So the state must now rely on very unstable income and sales taxes

[Scrivener7]

19. I live in New York.

[former9thward]

21. The OP was about both CA and NY.

My response was the about the effect of rich people leaving CA. If NY has no problems with it good for them.

[Scrivener7]

22. Yes, I know it was. I read it.

[Mr.Bill]

27. For the most part,

the ultra-rich are parasites.

[Easterncedar]

2. Rich people, riding the rest of us as usual

I always wonder why it’s never feeling enough.

[Hortensis]

6. Please, Cedar. Move to Florida if you want, or don't.

Where'd you get the notion that the inflow is determined by "rich people," I don't know. What you do and don't do for yourself is your decision.

[Scrivener7]

7. WTF?

[Easterncedar]

10. Taxes are the price we pay for civilization

I’m staying in my high tax state, thanks.

[Hortensis]

3. :) "Escaped?" Others arrived and bought the properties they

left at a better price than those who return will buy replacements for. Nothing new here. I remember when NYC was "dying" of intractable economic and other problems. To read about it, you'd think everyone wanted to escape. We've lived in California and FL and (cover your ears, FL), FL's no comparison, nice as it can be. Hot oCal cools as the sun drops so that even in summer people can live outside morning and evening, and...no biting insects.

For those mad at Florida people now, take heart -- new Floridians there already are about to experience their first FL summer. FL's version of Lake Wobegone, where every year Mother Nature tries her very best to kill you. Various ways.

[riversedge]

4. oh yeah, rotton reachy.

[Greybnk48]

8. Well, when the U.S.'s penis (FL) sinks due to climate change,

I hope they go down with the ship.

[JI7]

9. Property and rent is still high and people are paying for it

[TheRealNorth]

15. High rents and housing price is driving more migration....

Then rich people pissed about their taxes. Those assholes were probably always going to retire to FL because their incomes taxes were always going to be less there. They can fucking move to the Caymans or Dubai for all I care.

[Marius25]

13. Insurance in Florida costs more than taxes in most blue states

You're not saving money moving to Florida these days.

[moonscape]

24. Insurance in CA is nearly as bad as

Florida. That’s a guess. I have no stats. But State Farm stopping all insurance in the the state except for auto, and serving existing customers, is ominous.

[obamanut2012]

25. Lol no, it isn't

I moved from sofl to a ca metro area this winter, my taxes are lower, and my property insurance is much lower, and my car insurance is 47% lower. Only gasoline is more expensive here.

Even with the ca taxes, i clear 1.5k more a month, and we just sold one of our cars because of the great public transportation.

Florida isn't cheap, it kills you financially.

[moonscape]

31. Good to hear the comparison. I live on the

Central CA coast and friends nearby in the redwoods have had insurance issues. One who lives just a bit inland, not in redwood forest where I used to live, complained a few weeks ago about her insurance. Her former insurer when she lived in the Sierras wouldn’t insure her even though they did write policies here, she had never had a claim, and it was before our fires a few years ago.

So all I have is anecdotal w/out FL comparisons .

[FakeNoose]

14. Baby Boomers are still retiring in big numbers

I'm guessing that's got a lot to do with these numbers. Not that Boomers are all moving to Florida, because I don't think they are. When Boomers retire and leave their nice paychecks behind, they're mostly getting money from 401Ks, IRAs, and Social Security. The income is still taxed, but at a lower rate, so it's going to affect federal and state tax revenues.

I'm thinking Boomers might be selling their (larger and older) homes in anticipation of down-sizing, and perhaps eventually relocating out of the state. But you know, a lot of stuff happened because of Covid in the last 2 years. We can't really make predictions about anything based on what's happened since 2020.

[cachukis]

17. You have to understand, it is income not outlay. Florida's revenues

are not measurably affected by this move of money.
The people moving here are looking for low taxes and a great homestead system.
They are keeping property values high, but Florida's revenues are a result of real estate transactions and repairs due to hurricanes.
Many who move here will soon discover that property taxes and insurance were not in their plans.
Furthermore, patio living and hurricane vigils are troublesome.
The grass is not always greener.

[obamanut2012]

26. Boom

As someone who kinda recently did the Fl to CA move, you are spot on. They will see CA was actually cheaper for them.

[obamanut2012]

29. Boom

As someone who kinda recently did the Fl to CA move, you are spot on. They will see CA was actually cheaper for them.

[Chainfire]

20. Yea, indeed, see what a great job DeSantis has done?

All of that new money in Florida goes to the same places as the old money in Florida. It sure as hell isn't coming up here in the rural North. They will be building sea walls to protect multimillion dollar condos and we can't get high speed internet or public transportation.