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The culture war between the states
Bendintheriver
Member Posts: 6,051 
in Tug Tavern
For those that didn't see Newsome's ad in FL last week, it was embarrassing. Embarrassing not only because Newsome sounded ridiculous but also embarrassing is the thought that there are that many rat gov's out there who think large corporations are going to move over liberal issues. Cal and NY are hemorrhaging people and businesses and yet rat gov's are spending tax payer money on trying to recruit businesses that want to be tortured just like the businesses who just left those rat states.
https://www.city-journal.org/culture-war-between-states
Whether this new twist on business outreach bears fruit remains to be seen, but blue states need to do something to stanch their losses. IRS data show that in 2020, as the pandemic raged and states enacted restrictions on activity, residents, businesses, and wealth overwhelmingly left Democratic-governed states. New York and California alone collectively lost nearly $40 billion in net wealth that headed out of state, while Texas and Florida captured some $30 billion net from residents moving in. The pattern is likely to show even greater gains for 2021. Economic performance, meantime, has shifted heavily toward Republican-led states. Moody’s compared states on 13 recent economic parameters and found the best-performing places dominated by Republican-led states, while eight of the ten worst economies were in blue states. Republican-led places have recovered all the jobs they lost during the pandemic and added 341,000 more; blue states are still short some 1.3 million positions.
Relocation news hasn’t been good for Democratic states, either. Giant hedge fund Citadel recently announced that it was moving from Chicago to Miami, while Caterpillar is shifting its headquarters to Texas from Illinois. Hewlett–Packard, a company synonymous with Silicon Valley, is relocating from San Jose to Houston, while hedge funds like Elliot Management and Point72 are shifting their headquarters from Manhattan and Connecticut, respectively, to Florida. As these moves suggest, the advantage post-pandemic that red states have on traditional economic and business issues seems to have widened. All ten of the states rated by business executives this year as top places to locate their firms were Republican-leaning, led by Texas and Florida, while all ten of executives’ least favored states trend solidly Democratic.
https://www.city-journal.org/culture-war-between-states
Whether this new twist on business outreach bears fruit remains to be seen, but blue states need to do something to stanch their losses. IRS data show that in 2020, as the pandemic raged and states enacted restrictions on activity, residents, businesses, and wealth overwhelmingly left Democratic-governed states. New York and California alone collectively lost nearly $40 billion in net wealth that headed out of state, while Texas and Florida captured some $30 billion net from residents moving in. The pattern is likely to show even greater gains for 2021. Economic performance, meantime, has shifted heavily toward Republican-led states. Moody’s compared states on 13 recent economic parameters and found the best-performing places dominated by Republican-led states, while eight of the ten worst economies were in blue states. Republican-led places have recovered all the jobs they lost during the pandemic and added 341,000 more; blue states are still short some 1.3 million positions.
Relocation news hasn’t been good for Democratic states, either. Giant hedge fund Citadel recently announced that it was moving from Chicago to Miami, while Caterpillar is shifting its headquarters to Texas from Illinois. Hewlett–Packard, a company synonymous with Silicon Valley, is relocating from San Jose to Houston, while hedge funds like Elliot Management and Point72 are shifting their headquarters from Manhattan and Connecticut, respectively, to Florida. As these moves suggest, the advantage post-pandemic that red states have on traditional economic and business issues seems to have widened. All ten of the states rated by business executives this year as top places to locate their firms were Republican-leaning, led by Texas and Florida, while all ten of executives’ least favored states trend solidly Democratic.
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