Here's How Much Wealth Has Fled Blue States, Thanks to Democrat Policies

Some day, Democrats will learn that the millionaires and billionaires they demonize have the power and money to leave their blue states for friendlier climes. When those rich people leave, they take their wealth — including tax revenue, business taxes, and jobs — with them.

In New York, billionaires like Marc Rowan, CEO of Apollo, and Ken Griffin are looking to move their wealth and businesses elsewhere. Mayor Zohran Mamdani seems wholly untroubled by this, too. But eventually, blue states will face economic collapse. They can only tax the middle class so much before they leave, or stop paying taxes, too.

And in the last decade, it turns out that blue states have lost $2 trillion as wealthy people, businesses, and others move to tax-friendly red states.

The biggest wealth transfer in American history isn’t happening on Wall Street. It’s happening on U-Hauls.

Over $2 trillion in income fled high-tax blue states for low-tax red states in just 11 years.

And blue states’ solution? Raise taxes again. pic.twitter.com/hqZq6BDZQc
— Stephen Moore (@StephenMoore) May 7, 2026

Guess which state leads that? New York.

Blue states have bled $2 trillion in wealth to red states in the last decade - and New York leads the pack https://t.co/FTXBvRAXyF pic.twitter.com/QiXWIB2z8X
— New York Post (@nypost) May 7, 2026

Here's more:

Nearly $2 trillion in economic growth has left blue states and headed for red states in the last decade, according to economic data from the Committee to Unleash Prosperity, a conservative economic group.
The group used IRS data from the years 2012 to 2023 to calculate the movement in cumulative income between states, which were classified as red “Trump states” or blue “Harris states” based on which way they voted in the 2024 Presidential Election.
That $2 trillion transfer is larger than the GDP of some countries.
New York had the biggest fall in cumulative adjusted gross income (AGI) — losing $660 billion between 2012 and 2023.
California came next with $503 billion in the same time period.
In contrast, Florida gained $1.3 trillion, and Texas gained $371 billion between 2012 and 2023.
It comes as billionaire bigwigs are beginning their Big Apple exodus as a result of Mayor Mamdani’s wealth-bashing agenda.
Hedge fund titan Ken Griffin and Marc Rowan both announced recently that they will move jobs out of New York in response to Mamdani’s calls to “tax the rich.”

You know what would accelerate this implosion? Decentralize all federal welfare programs and make states own them. No more debt spending. Blue states would be forced to have sane policies. At the end of the day, the Fed and the debt spending are propping up this house of cards.
— Kyle Becker (@kylenabecker) May 8, 2026

The house of cards needs to fall.

The greed and avarice of leftists knows no bounds. Rotten to the core.
— Dana (@OhMelodylane) May 7, 2026

Absolutely rotten to the core.

This is the biggest story in America since covid. Wealth is fleeing blue states and moving to red states. The future of the country is in zero state income tax states like Tennessee, Texas and Florida. https://t.co/hG3RU0XgB3
— Clay Travis (@ClayTravis) May 7, 2026

And yet few are reporting it.

Play socialist games, win poor prizes
— Dan Held (@danheld) May 8, 2026

"The problem with socialism is that you eventually run out of other people's money."

370,000+ left New York and California in 2022-23.

They took $23.5B with them.

114,000 left New York last year alone.

Money flows in the direction of least resistance.

People are voting with their feet. The exodus will continue.
— Chuck Flint (@ChuckAFlint) May 8, 2026

And while Democrats respond by raising taxes on those who remain, they will also get increasingly desperate and push for exit taxes, retroactive taxes, and other insane policies meant to steal wealth from the rich.

Editor’s Note: The 2026 Midterms will determine the fate of President Trump’s America First agenda. Republicans must maintain control of both chambers of Congress.

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