America’s ‘Atlas Shrugged’ Moment Has Already Arrived, New IRS Data Show

May 10, 2023

by Jon Miltimore SHTF Plan

It’s not just high taxes that are driving people out of cities. There are other costs—moral, social, and cultural—associated with spurning property rights and celebrating looting.

Last September, billionaire Ken Griffin announced he was pulling up stakes and moving Citadel—his gigantic hedge fund—from Chicago to Miami.

The Windy City was out of control, he told Bloomberg, something that dawned on him after a colleague made a coffee run and was robbed by a thief who put “a gun to his head.”

It’s no secret that Griffin’s exit is part of a much larger migration taking place across America.

Data show that several populous blue states—California, New York, and Illinois among them—have been losing population and companies for years. In 2021 Forbes wrote about “leftugees” fleeing blue states for red ones. A few years before that, a headline in The Hill touched on “the great exodus out of America’s blue cities.”