The first four rounds of my New York vs. Florida contest (available here, here, here, and here) largely focused on Florida’s superior economic policies and superior economic results. So you won’t be surprised to learn that Round #5 continues that tradition. We’ll start today’s column with a remarkable comparison put together by the Wall Street […]
Search Results for 'florida vs new york'
New York vs. Florida, Round #5
Posted in Big Government, Competitiveness, Florida, New York, States, tagged Big Government, Competitiveness, Florida, New York, States on February 10, 2023| 4 Comments »
New York vs. Florida, Round #4
Posted in Big Government, Bureaucracy, Florida, Government Spending, New York, States, tagged Big Government, Bureaucracy, Florida, Government Spending, New York, State Government, States on May 19, 2020| 23 Comments »
Politicians from New York want states to get a big bailout from Uncle Sam. I explained earlier this month that this would be a bad idea. Simply stated, the Empire State is in big trouble because it has a bloated government, not because of the coronavirus. Probably the strongest piece of evidence is that New […]
New York vs. Florida, Round #3
Posted in Competitiveness, Florida, New York, States, Tax Competition, Taxation, tagged Competitiveness, Florida, New York, States, Tax Competition, Taxation on January 11, 2020| 16 Comments »
I looked last year at how Florida was out-competing New York in the battle to attract successful taxpayers, and then followed up with another column analyzing how the Sunshine State’s low-tax policies are attracting jobs, investment, and people from the Empire State. Time for Round #3. A new article in the Wall Street Journal explains […]
New York Vs. Florida, Round #2
Posted in Competitiveness, Florida, New York, States, tagged Competitiveness, Florida, New York, States on March 21, 2019| 21 Comments »
I used to think Texas vs. California was the most interesting and revealing rivalry among states. It was even the source of some clever jokes and cartoons. But the growing battle between Florida vs. New York may now be even more newsworthy. I wrote last month about how many entrepreneurs, investors and business owners are […]
New York vs. Florida, Round #1
Posted in Florida, Migration, New York, States, Tax Competition, tagged Florida, Migration, New York, States, Tax Competition on February 20, 2019| 17 Comments »
I shared data a couple of weeks ago showing that Florida is the freest state in America (for both overall freedom and economic freedom) while New York is in last place (in both categories). Well, it seems that freedom has consequences when people can “vote with their feet.” We’ll start with an op-ed in the […]
Great Moments in New York Government
Posted in Big Government, Government Inefficiency, New York, tagged Big Government, Government Inefficiency, New York on March 31, 2024| 2 Comments »
Governments are inherently inefficient and incompetent. But some of them are worse than others. Looking at states, places such as Illinois, California, and New Jersey seem to be the worst of the worst. But New York also belongs on that list. Some of the Empire State’s problems are summarized in my five-part Florida-vs-New York series […]
Red States vs. Blue States, Part V: Florida vs. California
Posted in California, Competitiveness, Florida, States, tagged California, Competitiveness, Florida, States on November 30, 2023| 7 Comments »
I’ve written lots of columns comparing Texas and California (see here, here, here, here, here, here, here and here), and also several columns comparing Florida and New York (see here, here, here, here, and here). We’ll break from that pattern today because we’re going to compare Florida and California, motivated by tonight’s Fox TV debate […]
Red States vs. Blue States, Part IV
Posted in Big Government, Competitiveness, States, tagged Big Government, Competitiveness, States on October 5, 2023| 14 Comments »
In our series on red states vs blue states, we’ve examined different economic variables. Part I: Economic growth Part II: Unemployment rates Part III: Employment growth Today, let’s add another comparison. Here’s a map looking at 2022 income growth by state. The three states most known for bad policy – New York, Illinois, and California […]
The Slow-Motion Suicide of New York and California
Posted in California, Competitiveness, Fiscal Policy, Florida, Migration, New York, States, Tax Competition, Taxation, Texas, tagged California, Competitiveness, Fiscal Policy, Florida, Migration, New York, States, Tax Competition, Taxation, Texas on August 24, 2023| 6 Comments »
Two of the worst states for tax policy are California and New York. They have punitive income tax rates, high sales taxes, and myriad other ways of diverting money from the productive sector of the economy to finance bloated public sectors. I’ve written several time that greedy politicians in these states are driving away taxpayers. […]
Florida vs. California
Posted in California, Competitiveness, Economics, Florida, tagged California, Competitiveness, Economics, Florida on June 17, 2023| 1 Comment »
I have done eight columns comparing Texas and California and five columns comparing Florida and New York. But maybe it is time to compare Florida and California? If I do, there’s no comparison, at least based on how people vote with their feet. Even though California has the nation’s best climate and geography, the state’s […]
Red States vs. Blue States, Part III
Posted in Big Government, Jobs, States, tagged Big Government, Jobs, States on March 31, 2023| 17 Comments »
In Part I or our series comparing red states and blue states, we found that the former enjoyed better overall economic performance. In Part II, we discovered that red states did much better with regards to unemployment. But the unemployment rate does not fully capture the strength of the labor market. It’s also important to […]
An Overdue Wake-Up Call for New York Democrats?
Posted in Taxation, Tax Competition, Migration, New York, Tax Increase, Higher Taxes, tagged Higher Taxes, Migration, New York, New York City, Tax Competition, Tax Increase, Taxation on December 20, 2022| 15 Comments »
The economic outlook in New York (both the state and the city) has been very depressing in recent years. New York is ranked #50 in the Economic Freedom of North America. New York is ranked #48 in the State Business Tax Climate Index. New York is ranked #50 in the Freedom in the 50 States. New York is next-to-last in measures of inbound migration. New York […]
New York’s Fiscal Suicide
Posted in Competitiveness, Fiscal Policy, Higher Taxes, Migration, New York, States, Tax Competition, Tax Increase, Taxation, tagged Competitiveness, Fiscal Policy, Higher Taxes, Migration, New York, States, Tax Competition, Tax Increase, Taxation on April 6, 2021| 46 Comments »
The state of New York is an economic disaster area. New York is ranked #50 in the Economic Freedom of North America. New York is ranked #48 in the State Business Tax Climate Index. New York is ranked #50 in the Freedom in the 50 States. New York is next-to-last in measures of inbound migration. […]
Texas vs. California, Part VI
Posted in California, Competitiveness, Migration, States, Texas, tagged California, Competitiveness, Migration, States, Texas on December 6, 2020| 42 Comments »
I asked a couple of years ago, “How long can California survive big government?” Based on migration patterns, the answer is “Not much longer.” Simply stated, bad fiscal and regulatory policy have produced a long-run decline for the Golden State. So we shouldn’t be surprised that people are fleeing. And it appears Californians like escaping […]
Red States vs. Blue States, Part I
Posted in Competitiveness, Economics, States, tagged Competitiveness, Economics, States on October 13, 2020| 63 Comments »
I’ve written favorably about the pro-growth policies of low-tax states such as Texas, Florida, and Tennessee, while criticizing the anti-growth policies of high-tax states such as Illinois, California, and New York. Does that mean we should conclude that “red states” are better than “blue states”? In this video for Prager University, Steve Moore says the […]
New York and Fiscal Suicide
Posted in Competitiveness, Higher Taxes, Jurisdictional Competition, New York, States, Tax Increase, Taxation, tagged Competitiveness, Higher Taxes, Jurisdictional Competition, New York, States, Tax Increase, Taxation on July 22, 2020| 53 Comments »
New York is ranked dead last for fiscal policy according to Freedom in the 50 States. But it’s not the worst state, at least according to the Tax Foundation, which calculates that the Empire State is ranked #49 in the latest edition of the State Business Tax Climate Index. Some politicians from New York must […]
The Continuing Tax Migration to Florida
Posted in Fiscal Policy, Florida, Migration, Tax avoidance, Tax Competition, tagged Fiscal Policy, Florida, Migration, Tax avoidance, Tax Competition on September 15, 2019| 42 Comments »
Like most libertarians, I’m a bit quirky. Most people, if they watch The Great Escape or Rambo II, cheer when American POWs achieve freedom. I’m happy as well, but I also can’t stop myself from thinking about how I also applaud when a successful taxpayer flees from a high-tax state to a low-tax state. It’s […]
Texas vs. California
Posted in California, Competitiveness, Income tax, States, Texas, tagged California, Competitiveness, Income tax, States, Texas on June 4, 2019| 61 Comments »
Time for another edition of our long-running battle between the Lone Star State and the Golden State. Except it’s not really a battle since one side seems determined to lose. For instance, Mark Perry of the American Enterprise Institute often uses extensive tables filled with multiple variables when comparing high-performing states and low-performing states. But […]
Nightmare for New York and California: Tax Reform Will Put Added Pressure on High-Tax States
Posted in States, Tax Competition, Taxation, tagged State and Local Taxes, States, Tax Competition, Tax Reform, Taxation on December 28, 2017| 23 Comments »
The right kind of tax reform can help people directly and indirectly. They benefit directly if reform reduces their tax burden and gives them more take-home income. They benefit indirectly if reform increases growth and leads to additional pre-tax income. For what it’s worth, I think the indirect impact is most important for family finances, […]
New Jersey’s Continuing Fiscal Decay
Posted in Class warfare, Competitiveness, Fiscal Policy, Higher Taxes, Migration, New Jersey, Tax Competition, Tax Increase, Taxation, tagged Class warfare, Competitiveness, Fiscal Policy, Higher Taxes, Migration, New Jersey, Tax Competition, Tax Increase, Taxation on October 15, 2017| 12 Comments »
When companies want to boost sales, they sometimes tinker with products and then advertise them as “new and improved.” In the case of governments, though, I suspect “new” is not “improved.” The British territory of Jersey, for instance, has a very good tax system. It has a low-rate flat tax and it overtly brags about […]
Some Uplifting News about Race in America
Posted in Race, tagged Race, Racism on August 13, 2017| 28 Comments »
The racist march in Charlottesville, VA, was awful news. The vehicular murder of a woman by one of the racists is even worse news. The good news is that almost everyone in the nation is united in condemning the marchers. I especially like what Senator Ben Sasse said about how America isn’t an ethnic identity, […]
From France to New Jersey, High Tax Rates and Class Warfare Are Economic Poison
Posted in Brain drain, Competitiveness, Economics, Fiscal Policy, France, Higher Taxes, Jurisdictional Competition, Marginal Tax Rate, New Jersey, Tax Competition, Tax Increase, Taxation, tagged Brain drain, Competitiveness, Economics, Fiscal Policy, France, Higher Taxes, Jurisdictional Competition, Marginal Tax Rate, New Jersey, Tax Competition, Tax Increase, Taxation on March 26, 2014| 33 Comments »
Back in the 1980s and 1990s, there was a widespread consensus that high tax rates were economically misguided. Many Democrats, for instance, supported the 1986 Tax Reform Act that lowered the top tax rate from 50 percent to 28 percent (albeit offset by increased double taxation and more punitive depreciation rules). And even in the […]
Turning New York City into Detroit?
Posted in Class warfare, Competitiveness, Economics, Fiscal Policy, Higher Taxes, Laffer Curve, Local government, New York, Tax Competition, Tax Increase, Taxation, tagged Class warfare, Competitiveness, Economics, Fiscal Policy, Higher Taxes, Laffer Curve, Local government, New York, Tax Competition, Tax Increase, Taxation on September 4, 2013| 9 Comments »
I recently speculated whether Detroit’s fiscal problems should be a warning sign for the crowd in Washington. The answer, of course, is yes, though it’s not a perfect analogy. The federal government is in deep trouble because of unsustainable entitlement programs while Detroit got in trouble because of a combination of too much compensation for […]
Evidence from the States: Higher Taxes = Fewer Jobs
Posted in Competitiveness, States, Taxation, tagged Competitiveness, States, Taxation on June 22, 2019| 8 Comments »
When I wrote a few days ago that the Trump tax reform was generating good results, I probably should have specified that some parts of the country are not enjoying as much growth because of bad state tax policy. As illustrated by my columns about Texas vs California and Florida vs New York, high-tax states […]
Blue-to-Red Tax Migration, Part V
Posted in Migration, States, Tax Competition, Taxation, tagged Migration, States, Tax Competition, Taxation on December 27, 2023| 5 Comments »
Time for the final segment of my five-part series for 2023 on blue-to-red tax migration (previous versions here, here, here, and here). We’ll start with this table showing what has happened in America’s 10-largest states. You should notice a pattern. The table comes from a column for National Review written by Dan McLaughlin. He explains […]
Mirror, Mirror, on the Wall, Which State Provides the Most Handouts of All?
Posted in Dependency, Redistribution, States, Welfare, tagged Dependency, Redistribution, States, Welfare on October 17, 2023| 8 Comments »
Back in 2010, I put together a “Moocher Index” based on the percentage of non-poor people in each state getting government handouts. Based on that back-of-the-envelope calculation, Vermont, Mississippi, and Maine were the biggest moocher states and Nevada, Colorado, and Arizona were the most self-reliant states. Then, in 2013, I shared some data looking at […]
Ranking State Pension Debt
Posted in Bureaucrats, States, tagged Bureaucrats, Pensions, States on October 1, 2023| 5 Comments »
Whether at the federal level, state level, or local level, my biggest problem with bureaucrats is that many of them work for agencies and departments that should not exist. My second biggest problem is that they are overpaid compared to workers in the productive sector of the economy. And I could add other concerns, such […]
Blue-to-Red Migration, Part II
Posted in Competitiveness, Fiscal Policy, Migration, States, Taxation, tagged Competitiveness, Fiscal Policy, Migration, States, Taxation on June 23, 2023| 7 Comments »
In Part I of this series, I shared some excerpts from a Wall Street Journal editorial that documented how taxpayers fleeing high-tax states such as California, New York, Illinois, and New Jersey. Where are they going? In many cases, they are moving to zero-income-tax states such as Florida and Texas or flat-tax states such as […]
Blue-to-Red Migration, Part I
Posted in California, Competitiveness, Florida, Illinois, Migration, New York, Tax Competition, Taxation, Texas, tagged California, Competitiveness, Florida, Illinois, Migration, New York, Tax Competition, Taxation, Texas on April 30, 2023| 31 Comments »
I realize it’s not nice to take pleasure in the misfortune of others, but that rule does not apply when bad things happen to greedy politicians. As such, I greatly enjoy reading about when taxpayers “vote with their feet” by moving from high-tax jurisdictions to low-tax jurisdictions. I enjoy when there is tax-motivated migration between […]
Lessons from the Texas Budget
Posted in Government Spending, Mitchell's Golden Rule, Texas, tagged Government Spending, Mitchell's Golden Rule, Texas on February 20, 2023| 7 Comments »
I shared some data last month from the National Association of State Budget Officers to show that Texas lawmakers have been more fiscally responsible than California lawmakers over the past couple of years. California politicians were more profligate in 2021 when politicians in Washington were sending lots of money to states because of the pandemic. […]