According to Cato:
Lacking an individual income tax and featuring a hot climate, Florida has long enjoyed substantial in-migration of well-off retirees. But as weāve noted in the past, the state attracts more than seniors, as others vote with their feet for good weather and the increased opportunity afforded by Floridaās freer society. Florida does especially well on economic freedom, and even more so on fiscal policy. Indeed, it is our top state on both. Regulatory policy is improved but mediocre compared with the fiscal side. Floridaās personal freedom has lagged in the past; however, it has improved a lot since 2014.
Floridaās state-level tax collections are more than 1.5 standard deviations below the national average, whereas its local tax collections are a little lower than average. Floridaās fiscal decentralization does not offer a great deal of choice to homeowners, however, because the state has only about half an effective competing jurisdiction per 100 square miles. Government consumption and debt are lower than average. Government employment is much below average, falling from 11.2 percent of private employment in 2010 to 8.3 percent in 2019.
Floridaās state-level tax collections are more than 1.5 standard deviations below the national average, whereas its local tax collections are a little lower than average. Floridaās fiscal decentralization does not offer a great deal of choice to homeowners, however, because the state has only about half an effective competing jurisdiction per 100 square miles. Government consumption and debt are lower than average. Government employment is much below average, falling from 11.2 percent of private employment in 2010 to 8.3 percent in 2019.
The impact of economic freedom has been made clear in the recovery from the COVID pandemic, as Republican-led (which tend to rank much higher on economic freedom) recovered faster from the pandemic. As of July 2022, Republican-led states had added 341,000 jobs over the past two and a half years, recovering all jobs lost at the start of the pandemic, while blue states were still down 1.3 million jobs.
So bad are things that as California Gov. Gavin Newsom is trying to recruit Floridians to move to his failed states, it's been revealed that Newsom's own in-laws have donated to DeSantis.
Matt Palumbo is the author of The Man Behind the Curtain: Inside the Secret Network of George Soros
Don't miss The Dan Bongino Show
So bad are things that as California Gov. Gavin Newsom is trying to recruit Floridians to move to his failed states, it's been revealed that Newsom's own in-laws have donated to DeSantis.
Matt Palumbo is the author of The Man Behind the Curtain: Inside the Secret Network of George Soros
Don't miss The Dan Bongino Show
