Thursday, September 10, 2009

Florida Exodus: Rising Taxes Drive Out Residents

[HT:DP].
There are many things public officials probably shouldn't do during a severe recession, but no one seems to have told the leaders in Florida about them.

One thing, for instance, would be giving a dozen top aides hefty raises while urging a rise in property taxes, as the mayor of Miami-Dade County recently did. Or jacking up already exorbitant hurricane-insurance premiums, as Florida's government-run property insurer just did. Or sending an army of highly paid lobbyists to push for a steep hike in electricity rates, as South Florida's public utility is doing.

And you wonder why the Sunshine State is experiencing its first net emigration of people since World War II.

A few years ago, journalists - citing the chasm between Miami's high cost of living and its low level of income - began predicting that South Florida and its perpetual population-growth machine would soon face the unthinkable: a falling head count. Now it's official.

The region - Miami-Dade, Broward and Palm Beach counties - lost 27,400 residents between 2008 and 2009, while Florida as a whole lost 58,000. That's not exactly a mass exodus for a state of 18 million; but it's the first net outflow in 63 years for a state that considers itself the new California:

"It's difficult for the working middle class to justify living here," ... "As much as they may love the sunshine, as you squeeze them out, they may find it in their best interests to move."

[Sound familiar?]

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image toon - mny libs - Nightmare of the leaving Debt zombies

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