Four lessons why the 'Boom Belt' is making such a big noise with migration
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If you want to understand where Americas economy is heading, stop watching Washington and start watching a map of the United States.Because the biggest economic story in the country right now isnt politics.Its migration. Like birds. Migrating south.People and, more importantly, money are pouring into whats now being called the "Boom Belt" including states like Texas, Florida, Georgia, Tennessee, North Carolina and Arizona.TEXAS EMERGES AS THE TOP DESTINATION FOR COMPANIES LEAVING BLUE STATESMeanwhile, high-tax blue strongholds like California, New York and Illinois are watching an uncomfortable trend unfold. Their taxpayers are leaving and taking their wealth with them.The great wealth migrationLets talk numbers because this isnt anecdotal.NEW YORK'S HOCHUL DROVE ME TO FLORIDA NOW SHE'S BEGGING ME TO RETURN. NOT HAPPENINGAnd heres the kicker. The people leaving arent broke.Theyre high-income earners, business owners and retirees with assets.That means when they go, they dont just change zip codes.LEFTIST DONALD DASHERS LIKE DEGENERES, FERRARA ARE FLEEING A TRUMP WHO DOESNT EXISTThey change tax bases.This may be politically inconvenient but its economically obvious.TRUMPS IMMIGRATION RESET IS LIFTING WAGES AND FORCING REAL ECONOMIC REFORMIf youre making $1 million a year, that could be as much as a $100,000+ annual difference.Thats not a rounding error. Thats a second house, a business investment or a reason to move.Blue states often argue taxes fund services. Fair. But heres the problem. If your best taxpayers leave, the math breaks. Its like having a company and losing your best employees year over year.LIZ PEEK: WHY EVERY 'AFFORDABLE' PROMISE FROM DEMOCRATS ENDS UP COSTING YOU MOREIts not just taxes. Its everything.Meanwhile, cities in North Carolina or Tennessee offer:Translation: You can build wealth faster.And in a country obsessed with upward mobility, that matters more than ideology.THE NEW JERSEY GOVERNORS RACE COULD SHOW THE GOP HOW TO WIN IN MIDTERMSFollow the headquarters.Why?Blue states often counter with innovation hubs and talent pools and theyre not wrong. But we are having a fundamental shift in America. Talent is now mobile.PRESIDENT TRUMP IS MAKING SUMMER VACATIONS GREAT AGAINRemote work didnt just change where you work. It changed where companies can hire and where employees choose to live.This one gets overlooked but its huge.TRUMP TURBOCHARGES US ECONOMIC COMEBACK AS SOCIALISM KEEPS FAILING WORLDWIDEPeople arent just moving for money.Theyre moving for all of these.States like Florida and Arizona are selling something powerful. A better daily experience at a lower cost. And you know what? People are buying it like hotcakes.TAX AND RUN: HOW NY AND CALIFORNIA ARE BLEEDING PEOPLE AND PROSPERITYThats hard to compete with no matter how strong your economy is on paper.The controversial truth blue states dont want to hearHeres the part that will spark debate.NYC LOST HIGH EARNERS AND BILLIONS IN INCOME, WITH MIGRANTS REVERSING POPULATION DECLINE: REPORTBlue states dont have a growth problem.They have a retention problem. Retention is everything.They produce wealth but they dont keep it.ARKANSAS TOPS THE LIST OF MOST POPULAR PLACES TO MOVE IN 2024: STUDYAnd the Boom Belt?It doesnt always create the wealth. It captures it by recruiting good people from blue states and coverting them to red states.This is about red vs. blue. It is about incentives vs. outcomes.CLICK HERE FOR MORE FOX NEWS OPINIONThe Boom Belt is winning because its built around a simple idea in capitalism system around creating good business ideas. Heres the general business concept. Make it easier to earn, keep and grow money.Seems simple blue state leaders, doesnt it?Until blue states figure out how to balance their ambitions with that reality, the migration wont slow down when we live in free market enterprise.And neither will the shift in economic power. Because in America, people dont just vote at the ballot box. They vote with their feet and their balance sheets. Every election turns out the same. Its the economy stupid.CLICK HERE TO READ MORE FROM TED JENKIN
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