Americans are moving to where the money is, says Michael Barone. Cities and states with high taxes and unwieldy regulations are losing ground to those that have taken the opposite approach. The result is staggering demographic and economic growth in places like Austin, Dallas, and Raleigh, while New York, Boston, Philadelphia, Providence and Los Angeles continue to fall behind:
Austin’s population grew by 6.9 percent and Raleigh’s by 5.1 in 2010-12. That’s huge growth in just two years.
Both are high-tech centers with major universities. They had the biggest rate of domestic in-migration of any million-plus metro areas in 2010-2012.
They both have reputations as cool cities. More important, they both have creative and vibrant private sector economies, fostered by relatively low tax rates and sensible regulation.
As Barone notes, the fact that relatively unattractive and blisteringly hot cities like Houston and Dallas are attracting so many newcomers suggests that the Texas model is winning out. Meanwhile, “Despite wonderful weather, domestic in-migration is negligible in the San Francisco Bay Area and metro San Diego.”
Note that the cities and states least wedded to the old blue model or that are most willing to tear it down are the ones that are growing. Maybe, just maybe, it has something to do with their economic and social policies…
[America image courtesy of Shutterstock.com]