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Trivia Tidbit Of The Day: Part 448 -- Americans Tend To Move From High Debt States To Low Debt States.
Americans Voting With Their Feet-
Similar to yesterday's strong correlation between higher state government spending and fewer people wanting to live there, it turns out that higher state debt also correlates nicely with people moving to lower debt states:
So, running up a big tab to pay for all kinds of goodies isn't the way to attract a flourishing population. It seems that-- in our increasingly mobile society-- smaller government is all people actually want when they are looking for a place to live, work, and otherwise exist.
If you want to see the state-by-state data, click here for the .pdf.
Not surprisingly, the correlation seems to hold for all sorts of similar indicators. Taxes, for example. People can and will move to where taxes and spending are lower. Again, this is precisely why we need a smaller federal government-- to encourage competition between and among states. Let the best ideas win. Ultimately, all the states will gravitate to those winning ideas, and everyone will be better off for it.
That is federalism at its best.
Previous Trivia Tidbit: High Levels Of State Spending Chases People To States With Low State Spending.
Posted by Will Franklin · 10 July 2007 10:30 AM
As usual, Will leaves out a few things.
Similar to yesterday's strong correlation between higher state government spending and fewer people wanting to live there,
It's kind of odd that a self-proclaimed fan of capitalism would make such a comment.
Do fewer people want to live there? Or is it a function of them not being able to afford living there?
Basic economics tells us that as a commodity, say, real estate, becomes more desirable and popular in a consumers' eyes--the price goes up. Similarly, if the demand for such a commodity isn't so hot, the price goes down. If one compares comparable real estate in CA or MA with those in TN or MS--you can see where people really want to live.
So, running up a big tab to pay for all kinds of goodies isn't the way to attract a flourishing population.
Depends on your definition of flourishing. Much internal migration is predicated on the aging of the US population. As we, as a society, grow older and retire--places that offer a low cost of living become more attractive Retirees, having raised their children, aren't interested in schools anymore or jobs. That's why these states that Will is quick to applaud also have very low wages and aren't investing in technology.
Posted by: Jadegold at July 11, 2007 11:04 AM