Americans fleeing tax-heavy blue states at a record pace

Americans fleeing tax-heavy blue states at a record pace


PARENTS. A LOOK AT HEADLINES. LELAND, SEND IT TO YOU. LELAND: GREAT STORY, JILLIAN. THANK YOU. NEW YORK, WHERE WE ARE, AND ILLINOIS AT A RECORD PACE, LEAVING FEWERS TO COVER THE DEMOCRATS TAX TAB IN THOSE STATES. LISA: SO PRETTY CRAZY. WHAT COULD THIS MEAN IN THE LONG TERM? FORTUNATELY WE HAVE WITH US, AUTHOR OF THE MASSI MEMO, HOST OF “THE PROPERTY MAN,” BOB MASSI. HOW IS IT GOING.>>GOOD GOOD MORNING.>>PRETTY AD SOUNDING HERE, FIFTH TO SIXTH MOST POPLOUS STATE IN 2017. WHEN DID THIS MIGRATION START? OF THIS LOSS OF RESIDENTS HERE. WHEN DID THIS START, BOB?>>IT ACTUALLY STARTED IN JULY OF ’16 BEFORE THE ELECTION AT WHERE PEOPLE GOT FED UP IN THE BLUE STATES WITH HIGH TAXES DEVELOPMENT OF THE INFRASTRUCTURE. THEY’RE PAYING THESE TAXES AND THE INFRASTRUCTURE IS BASICALLY CRUMBLING. A LOT OF PEOPLE DECIDED YOU KNOW WHAT? I WILL MOVE FROM HERE. SELL MY HOUSE, GET WHATEVER I CAN FOR IT. GO TO STATE WHERE MORE AFFORDABLE. A LOT WENT TO RED STATES. STATE INFRASTRUCTURE IS BETTER THIS ATTITUDE OF CHANGE OF BEING FED UP. LELAND: THAT WAS 18 MONTHS AGO. PRESIDENT TRUMP’S TAX REFORM TAKES EFFECT FOR THIS COMING TAX YEAR, 2018. WHAT DOES THAT DO TO THESE MIGRATION PATTERNS?>>LELAND A PLACE LIKE NEVADA, PARTICULARLY LAS VEGAS WITH CALIFORNIA THERE WILL BE A BIG MIGRATION. LOSING DEDUCTIONS CAPPING AT $10,000 ON STATE AN LOCAL TAXES. THAT WILL AFFECT A LOT OF PEOPLE. THEIR EXPERTS. THEY WILL WORK IT OUT AND WILL FAITH A WAY TO LEGALLY GET AROUND IT IF YOU WILL, INSOFAR SAVING MONEY. BUT THOSE WHO ARE STILL MAKING A GOOD LIVING, YOU KNOW WHAT, I BASICALLY HAD ENOUGH, THERE WILL MORE AFFORDABLE TO LIVE, YOU HAVE NONE. THAT TAX REFORM WILL PUT ANOTHER LAYER OF MIGRATION, WHICH IS GREAT FOR CONSTRUCTION, BUILDING, REAL ESTATE, FOR BUSINESS, FOR EVERYTHING. LISA: WHAT IS IMPACT FOR ALL OF THIS, CITIES AND STATES LOSING REFORM SAID, AT LEAST IN A LOT HANDLE SOME OF THESE PROBLEMS. I THINK THE STATES NOW HAVE TO WE GOING TO DO TO MAKE IT BETTER FOR OUR OWN PEOPLE, NOT DEPEND ON THE FEDS. SO THEY COULD HAVE A HUGE UNEMPLOYMENT IMPACT. HUGE BUSINESS LOSSES, AND OF COURSE THE INFRASTRUCTURE CAN SUFFER EVEN MORE. THEY NEED TO GET THE STATE GOVERNMENTS NEED TO GET MORE DILIGENT IN HOW THEY HANDLE THEIR OWN CITIZENS AND DON’T DEPEND ON THE FEDS. LELAND: YEAH, THERE IS SOME TALK THAT STATES WILL GET A LITTLE BIT MORE COMPETITIVE. CALIFORNIA AND NEW YORK MAY HAVE TO LOWER THEIR TAXES TO GET MORE COMPETITIVE.>>THAT’S RIGHT. LELAND: WHAT IS YOUR TAKEAWAY FOR THE MASSEY MEMO REAL QUICK?>>NUMBER ONE, MIGRATION BECAUSE OF TAX REFORM. IMPACT OF STATES. START TAKING CARE OF YOUR PEOPLE, PAY ATTENTION TO BUSINESS. DON’T DEPEND ON THE FEDERAL

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