Icahn heading to Florida to escape NY state income tax - should MI consider it?

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Originally Posted by iheartthed

Tax havens are generally not good economic hubs. Rich people may move those places to sit on their money, but ambitious people don't move to those places to create things. The most booming economies are mostly in mid to high-tax blue states. San Francisco is high-tax, nosebleed expensive, and has posted some of the biggest population gains of the current decade.

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Actually California is the leader in outbound moves.

https://www.ocregister.com/2017/11/1...-here-in-2016/

That is what is fueling the growth in Texas and Arizona and Florida alone where 900 per day arrive.

San Francisco is the epitome of the difference between rich and poor otherwise they would not have 60,000 sleeping in the streets.

I disagree by experience that people moving to low tax states do not create things,the smaller independent buisnesss owners are in no shortage of coming from high tax states,mostly because they can run a buisnesss and not be taxed to death.

Even New York lists itself in 2018 as having the largest outflow in the country.

One can keep thier eyes shut as long as they want,the problem is when they finally decide to open them,it is to late.

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Originally Posted by Richard

Actually California is the leader in outbound moves.

https://www.ocregister.com/2017/11/1...-here-in-2016/

That is what is fueling the growth in Texas and Arizona and Florida alone where 900 per day arrive.

San Francisco is the epitome of the difference between rich and poor otherwise they would not have 60,000 sleeping in the streets.

I disagree by experience that people moving to low tax states do not create things,the smaller independent buisnesss owners are in no shortage of coming from high tax states,mostly because they can run a buisnesss and not be taxed to death.

Even New York lists itself in 2018 as having the largest outflow in the country.

One can keep thier eyes shut as long as they want,the problem is when they finally decide to open them,it is to late.

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San Francisco's MSA has grown by about 10% since 2010, which was in line with Miami's 11%. Seattle's has grown by almost 15%. The only Florida metro area to perform better than it was Orlando. Seattle actually added more people than Orlando, but since it was bigger to start with, the rate of growth was lower.

Detroit would be ecstatic to have the growth rate of SF or Seattle. Those regions also have much higher wages than anywhere in Florida, which is a problem Detroit would love to have.

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Originally Posted by iheartthed

Detroit would be ecstatic to have the growth rate of SF or Seattle. Those regions also have much higher wages than anywhere in Florida, which is a problem Detroit would love to have.

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Detroit has been there and done that. Now onto bigger and better things.

^ yea Detroit,while it may be a slow process,is practicing a lot of smart future growth.

What good is a city if only the upper 20% can afford to live there,the service sector and lower middle classes in a lot of those so called desirable city’s have a 2 to 3 hour commute just because they cannot afford to live where they work.

I think a lot of negatives in the city now are actually what will bring it above and make it more desirable in the future,providing smart leadership choices are made.