Life in America’s biggest cities is very expensive, not to mention crowded. You also have to deal with all kinds of city government regulations in addition to state and federal rules. Some people are figuring out that life is a little easier in the suburbs and less populated areas.
The Hill reports:
The great exodus out of America’s blue cities
New York is the most expensive city in America. Its lower-cost neighborhoods are riddled with crime and homelessness. Its public schools, some of which are among the worst in the nation, look more like prisons than places of learning.
With between up to 50 percent of their paycheck going to a combination of federal, local and city taxes, not including other consumer taxes baked into every aspect of their consumer practices, residents don’t even have the comfort of knowing that their tax expenditures are going to the improvement of their lives in the city. New York infamously misuses the hard-earned tax revenues of its citizens in ways that scarcely benefit them.
Eventually, city and state taxes, fees, and regulations become so burdensome that people and corporations jump ship. More people are currently fleeing New York than any other metropolitan area in the nation. More than 1 million people have moved out of New York City since 2010 in search of greener pastures, which amounts to a negative net migration rate of 4.4 percent.
#TaxDay every day: New York City’s stealth tax problem https://t.co/D5XlZOi77h via @KristinBTate
— Kristin Tate (@KristinBTate) April 17, 2018
What happens when there aren’t enough taxpayers left to keep things going?
(Image:Source)
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