Armstrong Economics Blog/Migraction Re-Posted May 19, 2021 by Martin Armstrong
The Great COVID Migration
Interestingly, at least 33,565 New Yorkers exchanged their NY driver’s licenses for Florida credentials between September 2020 and March 2021. In total, during this COVID nonsense, 104,960 New Yorkers made the switch to Florida. New Jersey came in second with 53,901, and the migration has also been from Georgia (48,143), Illinois (46,042), and California (43,801). The stats are really astounding. We will see taxes rise further in those states because the people leaving are the highest income earners.