… on the Empire State?
Apparently, people don’t love New York, which is entering its second decade of shrinking population.
The population loss is “the ultimate barometer of New York’s attractiveness as a place to work, live and do business,” the report’s co-author, E.J. McMahon, said. “It’s the ultimate indication that we’ve been doing things wrong.”
Most analysts blamed New York’s high taxes and skyrocketing cost of living for the mass exodus.
The Tax Foundation ranked New York highest in the nation in the combined state and local tax burden in 2008. And as small-business lobbyist Mike Durant noted, New York has also “consistently ranked worst or in the top three worst in business climate. You can’t suck every penny out of people and expect them to remain in New York.”
Since 1960, New York has lost 7.3 million residents to other states — a net loss of 2.5 million people after adding in an influx of 4.8 million new immigrants, the study found.
High taxes are, apparently, a goad to drive people away… Someone please tell Governor Malloy?