Gradually, then suddenly, blue state America is heading for financial disaster
Fox News
Blue states implement high taxes and regulations, but face massive population loss costing congressional seats in 2030 census as companies flee to Florida and Texas.
Dr. Bob McClure is the president and CEO of The James Madison Institute in Tallahassee, FL.
Moreover, major companies such as Wells Fargo and Quantum, with others surely to follow, are moving their headquarters out of the Golden State to Florida. In fact, Miami was recently labeled by one national outlet as the "new Silicon Valley."
Two of the other largest out-migration states in the country? Illinois and New York. Ken Griffin, the multibillionaire who runs the largest and most successful hedge fund in America, Citadel Hedge Fund, left Chicago in 2022 and moved his headquarters to Florida. Meanwhile, both Illinois and New York are slated to lose between two and four congressional seats in 2030 due to population loss.
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