Florida brought in $4 million in wealth per hour as death spiral of blue states continues

Touting a staggering hourly wealth migration in the millions of dollars, Florida’s Chamber of Commerce CEO talked up the “secret sauce” that ran counter to the “death spiral” of blue states.


(Video Credit: Fox News Digital)

Vermont Sen. Bernie Sanders (I) is routinely mocked each time he “once again” holds his hands out to supporters, but the socialist lawmaker remains more rule than exception where leftist elected officials are concerned. Now, as states like California and New York see the wealthy gettin’ out while the gettin’s still good, their loss remains Florida’s gain as the Freedom State sets its sights on becoming a top 10 economy as a “land of opportunity.”

So suggested Florida Chamber of Commerce CEO Mark Wilson as he spoke about the business friendly economy of the Sunshine State that had surpassed the nation of Spain as the 15th-largest economy globally.

“Part of the secret sauce in Florida is that we’re all on the same page,” said Wilson as the state aimed to break into the top 10 by 2030. “The business community, our elected leaders, we understand that economic growth — growing the private sector and shrinking the public sector — that’s good for everyone in Florida. So we have 23.5 million people here, and we want to create economic opportunity and good jobs for everyone who wants to be in Florida.”

“I always say, if Florida was stock, I’d be investing everything I had in it. It’s because of our economic diversification strategy and our focus on growing business and growing jobs,” he added.

The pro-growth policies were juxtaposed with the “death spiral” ideologies in blue states that prioritized agendas like funding illegal alien entitlements, striving toward reparations and generally aiming for massive redistributions of wealth that scared off an increasing number of billionaires, which now included director Steven Spielberg.

ADVERTISEMENT

“Florida leads the nation by a country mile [in income migration],” detailed Wilson as his state reportedly brought in $4 million in wealth per hour. “States like New York, Illinois and California are losing over 1 million dollars an hour of income. And so, if you look at the death spiral that New York is right now, for example, New Yorkers are looking at increasing income taxes, they’re looking at increasing property taxes. Of course, Florida doesn’t have an income tax.”

As it happened, after promising freebies without the means, New York City Mayor Zohran Mamdani (D) was already turning to massive property tax hikes in Gotham to cover a budget gap.

Meanwhile, California continued to plow ahead with scaring off the wealthiest residents with the so-called “mansion tax” and a proposed California Billionaire Tax Act to further pick the pockets of the successful.

“The big economics lesson in America right now is Florida’s tax revenue’s up … our tax rates have gone down. But people are relocating to Florida, they’re moving their businesses here, they’re investing in our communities … that’s actually driving additional tax revenue,” said Wilson as late last week the Florida House advanced a bill by a vote of 80-30 toward eliminating property taxes in the state.

ADVERTISEMENT

“Florida is literally a land of opportunity where everyone can succeed,” he said. “We’re so grateful to have all of these billionaires moving into Florida because they bring their businesses with them, they invest in communities.”

Contrast that with blue states where they’re “literally killing innovation. They’re literally putting a lid on these types of opportunities that really make America as good as it is.”

Kevin Haggerty

Comment

We have no tolerance for comments containing violence, racism, profanity, vulgarity, doxing, or discourteous behavior. If a comment is spam, instead of replying to it please click the ∨ icon below and to the right of that comment. Thank you for partnering with us to maintain fruitful conversation.

Latest Articles