No Result
View All Result
SUBMIT YOUR ARTICLES
  • Login
Monday, December 29, 2025
TheAdviserMagazine.com
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal
No Result
View All Result
TheAdviserMagazine.com
No Result
View All Result
Home Market Research Economy

New York’s Political Left Turn: Why the Real Ballot Is Cast by Migration

by TheAdviserMagazine
3 weeks ago
in Economy
Reading Time: 4 mins read
A A
New York’s Political Left Turn: Why the Real Ballot Is Cast by Migration
Share on FacebookShare on TwitterShare on LInkedIn


On November 4, New York elected its new mayor, Zohran Mamdani. At age thirty-four, Mamdani identifies as a “democratic socialist.” His victory signals a further leftward shift in New York’s political center of gravity. His proposed governing agenda goes beyond the traditional policies of the Democratic Party and moves toward a more radical and “equitable” program.

The core theme of Mamdani’s campaign was the cost-of-living crisis faced by New York’s working class. His promise was to “make New York affordable again.” Accordingly, his platform included: a rent freeze prohibiting landlords from raising rents; free public transportation and free childcare; and substantial tax increases on high-income earners and wealthy households.

He also proposes raising the minimum wage and building 200,000 units of affordable housing within ten years. To counter rapidly-rising food prices and lower household expenses, Mamdani intends to establish city-run grocery stores. These stores would be non-profit entities exempt from property taxes and rent. In short, he aims to create a New York-style “state-run planned-economy retail network” for the sake of public welfare.

It is clear that Mamdani’s vision of a “New York Commune” relies on heavy regulation and intervention. He seeks to address what he calls “economic inequality” through aggressive wealth redistribution and expanded state involvement in the market. Yet critics—including fellow Democrat and former candidate Cuomo—warn that such policies will trigger an exodus of businesses and high-income residents.

These warnings are not unfounded. According to a J.L. Partners poll cited by the Daily Mail, among New York City’s 8.4 million residents, 9 percent—about 765,000 people—said they would “definitely” leave if Mamdani won. Another 25 percent—roughly 2.12 million—said they would “consider” leaving. Among households earning more than $250,000 per year, 7 percent stated explicitly that they would relocate.

This survey is not merely a statistical sample—it is a direct reaction to the incoming administration’s agenda. Those who believe they are the primary targets of Mamdani’s policies—namely, high earners and heavily taxed groups—are signaling through their responses that they are preparing to “vote with their feet.” As one might say in Chinese: “If I can’t afford to fight this, I can at least avoid it.”

After Mamdani’s victory, former President Barack Obama posted on X: “Congratulations to all the Democratic candidates who won tonight. It’s a reminder that when we come together around strong, forward-looking leaders who care about the issues that matter, we can win. We’ve still got plenty of work to do, but the future looks a little bit brighter.”

Obama clearly views his administration—and Democratic governance more broadly—as successful and hopeful. But whether this optimism is justified is debatable. One of the most revealing indicators comes from interstate migration data across the United States.

The logic is simple: people seek better places. If a state’s economy, politics, education, or culture becomes intolerable, leaving is the natural response. In this sense, “voting with one’s feet” is the most authentic form of voting. Indeed, foot-voting is often more truthful than ballot-voting.

With this in mind, consider the data on domestic migration within the United States. According to the US Census Bureau’s net domestic migration statistics from July 2023 to July 2024—defined as inbound minus outbound residents, excluding international migration and natural population change—the contrast is striking.

 

The states with the largest population losses were all “blue states”:• California: –239,575• New York: –120,917• Illinois: –56,235• New Jersey: –35,554• Massachusetts: –27,480

By contrast, the states with the largest population gains were mostly red or right-leaning states:• Texas: +85,267• North Carolina: +82,288• South Carolina: +68,043• Florida: +64,017• Tennessee: +48,476

The pattern is unmistakable: the five states with the highest net in-migration are all red states known for low taxes and lower living costs. Meanwhile, the three major “deep blue states” with the largest out-migration—California, New York, and Illinois—are characterized by high housing costs, high taxes, and high living expenses. Much of this burden stems from the heavy regulation typical of Democratic governance.

If one year of data seems insufficient, consider the numbers over the past five years. From 2020 to 2024, the states with the greatest population decline were again Democrat-run blue states:• New York: –238,000• California: –91,000• Illinois: –89,000

On the growth side, Texas (+2.1 million) is a traditional Republican stronghold; Florida (+1.8 million) has in recent years become a reliably red state; and North Carolina (+596,000) is often considered a swing state, with a Democratic governor but a Republican-controlled legislature.

 

Stretching the timeline further, a comparison between 2005 and 2022 reveals an even deeper asymmetry. Total out-migration from blue states rose sharply—from 3.7 million in 2005 to 4.6 million in 2022. Meanwhile, out-migration from red states remained almost unchanged, increasing only slightly from 3.3 million to 3.6 million.

Clearly, whether viewed over one year, five years, or eighteen years, the pattern is consistent: the low-tax, low-regulation “red state model” retains and attracts residents, while the high-tax, high-regulation “blue state model” increasingly drives its tax base away. People are voting with their feet.

Returning to Mamdani’s victory: his call to “tax the rich” is not mere rhetoric. The J.L. Partners poll is compelling evidence. It represents the first measurable sign that New York’s shift into a new phase of “democratic socialism” is prompting its residents—especially its tax contributors—to run for the exits.

Population movement is the most honest voting system a city, state, or nation possesses. Ballots can be swayed by emotion, but migration cannot. People do not relocate for ideology, but they do move for better living conditions, lower taxes, more opportunities, safer streets, and better schools. Governance quality is ultimately revealed through people’s physical choices, just as preferences are demonstrated through actions.

New York today is not merely facing a shift in policy under a new mayor—it is confronting the structural consequences of its long-standing policy trajectory. Mamdani’s election is not the cause of New York’s deterioration; it is a symptom of a population “great divergence” that has already occurred.

However, his victory and the policies he represents are likely to act as accelerators for the next wave of population and capital flight. Without institutional checks to interrupt this feedback loop, deep-blue centers like New York will continue to experience structural, predictable decline in their economy, finances, and population.



Source link

Tags: BallotcastLeftmigrationPoliticalRealturnYorks
ShareTweetShare
Previous Post

The Affordability Equation | Mises Institute

Next Post

Europe’s Innovation Is Drowned in a Sea of Government Intervention

Related Posts

edit post
Why Is Keynesian Economics Collapsing?

Why Is Keynesian Economics Collapsing?

by TheAdviserMagazine
December 29, 2025
0

In his 1936 book, ‘The General Theory of Employment, Interest and Money,’ John Maynard Keynes argued that aggregate demand was...

edit post
Links 12/28/2025 | naked capitalism

Links 12/28/2025 | naked capitalism

by TheAdviserMagazine
December 28, 2025
0

Acoustic Guitar String Oscillations The frame rate of the camera allows us to see the wavelength of each note pic.twitter.com/VOoxecFT7F...

edit post
The Sunday Morning Movie Presents: Sholay (1975) Run Time: 3H 10M Bonus Cinema Documentary

The Sunday Morning Movie Presents: Sholay (1975) Run Time: 3H 10M Bonus Cinema Documentary

by TheAdviserMagazine
December 28, 2025
0

Greetings gentle readers and welcome to another installment of the Sunday Morning Movie. Today it’s a Bollywood classic, Sholay. and...

edit post
Did Israel’s Rivalry With Turkiye Play A Major Role In Its Recognition Of Somaliland?

Did Israel’s Rivalry With Turkiye Play A Major Role In Its Recognition Of Somaliland?

by TheAdviserMagazine
December 28, 2025
0

Conor here: While Korybko argues Israel’s move is about the Turkish presence in Somalia, let’s not forget about others present...

edit post
Socialism Contradicts Freedom Of Religion – Why Amish Do Not Pay Social Security Taxes

Socialism Contradicts Freedom Of Religion – Why Amish Do Not Pay Social Security Taxes

by TheAdviserMagazine
December 28, 2025
0

In 1935, Roosevelt introduced “The Social Security Act,” which passed in Congress. However, the act was described as “Old Age,...

edit post
Links 12/27/2025 | naked capitalism

Links 12/27/2025 | naked capitalism

by TheAdviserMagazine
December 27, 2025
0

When Will My Pornographic Shrek Christmas Ornament Arrive? 404 Media Wild hogs wreak economic havoc for Mississippi agriculture Associated Press...

Next Post
edit post
Want World Cup Tickets? A Bank of America Card Could Help You Score

Want World Cup Tickets? A Bank of America Card Could Help You Score

edit post
10 States That Generate the Most Money in Agricultural Sales

10 States That Generate the Most Money in Agricultural Sales

  • Trending
  • Comments
  • Latest
edit post
How Long is a Last Will and Testament Valid in North Carolina?

How Long is a Last Will and Testament Valid in North Carolina?

December 8, 2025
edit post
In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

In an Ohio Suburb, Sprawl Is Being Transformed Into Walkable Neighborhoods

December 14, 2025
edit post
Democrats Insist On Taxing Tips        

Democrats Insist On Taxing Tips        

December 15, 2025
edit post
Detroit Seniors Are Facing Earlier Shutoff Notices This Season

Detroit Seniors Are Facing Earlier Shutoff Notices This Season

December 20, 2025
edit post
Elon Musk adds to his 9 billion fortune after Delaware court awards him  billion pay package

Elon Musk adds to his $679 billion fortune after Delaware court awards him $55 billion pay package

December 20, 2025
edit post
Warren Buffett retires on December 31 and leaves behind a manual for a life in investing

Warren Buffett retires on December 31 and leaves behind a manual for a life in investing

December 27, 2025
edit post
Interoceanic Train derails in southern Mexico, injuring at least 15 and halting traffic on line

Interoceanic Train derails in southern Mexico, injuring at least 15 and halting traffic on line

0
edit post
Why Is Keynesian Economics Collapsing?

Why Is Keynesian Economics Collapsing?

0
edit post
Beyond the Hype: Do Hedge Funds Deliver Value?

Beyond the Hype: Do Hedge Funds Deliver Value?

0
edit post
Charles Hoskinson Says Bitcoin Could Hit 0,000 in 2026, Lays Out How Altcoins May Finally Decouple

Charles Hoskinson Says Bitcoin Could Hit $250,000 in 2026, Lays Out How Altcoins May Finally Decouple

0
edit post
12 Ways People Accidentally Hurt Their Own Credit Score

12 Ways People Accidentally Hurt Their Own Credit Score

0
edit post
Data centers boom revives renewable energy stocks

Data centers boom revives renewable energy stocks

0
edit post
Why Is Keynesian Economics Collapsing?

Why Is Keynesian Economics Collapsing?

December 29, 2025
edit post
8 signs a woman is genuinely classy (even if she doesn’t dress expensively)

8 signs a woman is genuinely classy (even if she doesn’t dress expensively)

December 28, 2025
edit post
China’s BYD poised to overtake Tesla in 2025 EV sales

China’s BYD poised to overtake Tesla in 2025 EV sales

December 28, 2025
edit post
Silver pulls back after topping  in historic year-end rally

Silver pulls back after topping $80 in historic year-end rally

December 28, 2025
edit post
Interoceanic Train derails in southern Mexico, injuring at least 15 and halting traffic on line

Interoceanic Train derails in southern Mexico, injuring at least 15 and halting traffic on line

December 28, 2025
edit post
4 Financial Tasks I Stopped Paying Experts for After Discovering ChatGPT

4 Financial Tasks I Stopped Paying Experts for After Discovering ChatGPT

December 28, 2025
The Adviser Magazine

The first and only national digital and print magazine that connects individuals, families, and businesses to Fee-Only financial advisers, accountants, attorneys and college guidance counselors.

CATEGORIES

  • 401k Plans
  • Business
  • College
  • Cryptocurrency
  • Economy
  • Estate Plans
  • Financial Planning
  • Investing
  • IRS & Taxes
  • Legal
  • Market Analysis
  • Markets
  • Medicare
  • Money
  • Personal Finance
  • Social Security
  • Startups
  • Stock Market
  • Trading

LATEST UPDATES

  • Why Is Keynesian Economics Collapsing?
  • 8 signs a woman is genuinely classy (even if she doesn’t dress expensively)
  • China’s BYD poised to overtake Tesla in 2025 EV sales
  • Our Great Privacy Policy
  • Terms of Use, Legal Notices & Disclosures
  • Contact us
  • About Us

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.

Welcome Back!

Login to your account below

Forgotten Password?

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Financial Planning
    • Financial Planning
    • Personal Finance
  • Market Research
    • Business
    • Investing
    • Money
    • Economy
    • Markets
    • Stocks
    • Trading
  • 401k Plans
  • College
  • IRS & Taxes
  • Estate Plans
  • Social Security
  • Medicare
  • Legal

© Copyright 2024 All Rights Reserved
See articles for original source and related links to external sites.