"And yet it moves"

I feel like Galileo in the debate over whether millionaires and billionaires are moving out of Massachusetts.  The early answer based on 2023 data is "yes" - to the tune of $4.2 billion in taxable income - and more recent data will show an acceleration, which is what triggered this Boston Globe article.

Nevertheless, Boston Globe letter writers are going to stick to two themes: it's not really happening and, if it is, we don't need those rich jerks.

Extra - Wall Street Journal: "The High-Tax Wealth Flight Continues - IRS data show that taxpayers keep fleeing rapacious states even after the pandemic."

While out-migration declined from pandemic levels for most states, not so in Massachusetts. Taxpayers making more than $200,000 accounted for 70% of the state’s net outflows, roughly double the share in 2019. This is notable since progressives claim Massachusetts shows that raising taxes doesn’t drive away top earners.

Come back and be patriotic!