Friday, November 5, 2010

New York's Middle Class Outmigration

That has produced a vicious circle in which the very wealthy, the urban poor, and the public-sector unions who define the Democratic coalition create a high-taxing, heavily regulated polity that drives business and the upwardly mobile to the exits.

. . . [L]ikely to compete for center stage in the next two years:   the split between, on one side, California and New York   -—   two states, deeply in debt, whose wealthy are beneficiaries of the global economy   -—   and, on the other, the solvent states of the American interior that will be asked to bail them out.   This geographic division will also pit the heartland’s middle class and working class against the well-to-do of New York and California and their political allies in the public-sector unions.
Read the whole thing.

No comments: