Wednesday, March 20, 2024

Death Spiral Recipe

Power Line's John Hinderaker posts a quote from his colleague at American Experiment Bill Glahn. The subject is the great sort that our nation has experienced over the past few years. After noting the large losses experienced by the "blue" counties of Los Angeles, Cook (Illinois), and the New York City boroughs of Brooklyn and Queens, Glahn adds.

Of the 10 counties in America with the largest net domestic inflows, nine were in “red” states (Florida, South Carolina, and Texas).

Compounding the problem is who is moving and who is not: the productive who earn and pay taxes are moving, those who rely on public assistance not so much. Convince me that is not a death spiral recipe for blue cities.