May 19, 2021 | Over 100,000 Millionaires/Billionaires Have Moved from NYC to Florida
Martin Arthur Armstrong is current chairman and founder of Armstrong Economics. He is best known for his economic predictions based on the Economic Confidence Model, which he developed.
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.
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Martin Armstrong May 19th, 2021
Posted In: Armstrong Economics
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