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Wednesday, October 28, 2009

ESCAPE FROM NEW YORK -- Review & Outlook, The Wall Street Journal


A new study says taxes are driving people away.

An old saying goes that the time to live in New York is when you're young and poor, or old and rich—otherwise, you're better off somewhere else. That wisdom is getting an update this week from a study by the Empire Center for New York State Policy that shows middle-class people leaving the state in droves.

Between 2000 and 2008, the Empire State had a net domestic outflow of more than 1.5 million, the biggest exodus of any state, with most hailing from New York City.

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