Governments seem to think that taxes are an endless revenue stream. People do not and people can vote with their feet.
Case in point from Bloomberg:
Tepper's Move May Affect New Jersey Budget, Forecaster Warns
The decision by billionaire hedge-fund manager David Tepper to quit New Jersey for tax-friendly Florida could complicate estimates of how much tax money the struggling state will collect, the head of the Legislature’s nonpartisan research branch warned lawmakers.
Tepper, 58, registered to vote in Florida in October, listing a Miami Beach condominium as his permanent address, and in December filed a court document declaring that he is now a resident of the state. On Jan. 1, he relocated his Appaloosa Management from New Jersey to Florida, which is free of personal-income and estate taxes.
His move has state revenue officials on alert.
Good - let them cut the budget and shrink the size of their bureaucracies. Pournelle's Iron Law is a given and bureaucracies must always be fought and not allowed to entrench themselves.
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