Repelling the Rich

Arthur Laffer and Stephen Moore:

Updating some research from Richard Vedder of Ohio University, we found that from 1998 to 2007, more than 1,100 people every day including Sundays and holidays moved from the nine highest income-tax states such as California, New Jersey, New York and Ohio and relocated mostly to the nine tax-haven states with no income tax, including Florida, Nevada, New Hampshire and Texas. We also found that over these same years the no-income tax states created 89% more jobs and had 32% faster personal income growth than their high-tax counterparts.

Canadians talk of a 'brain drain' from Canada to the US because of lower taxes and high incomes for certain professions. It's amusing to see this process play out within the US as well.

Link via Instapundit -- I'm "stalking" him!