A recent survey found that nearly 1 in 4 Americans say local and national politics highly influence their decision about where to live. For millennials, that number jumps to 33%.
It’s ironic how some people go to extremes during an election season. People shout from the trees, 'If Trump gets elected, I’m leaving the country!' or 'If Harris wins, I’m moving to Europe!' The reality is we are still the greatest country in the world, and nobody is leaving anytime soon, but this election may prompt some internal reshuffling. Over the next four years, we may see Americans change their home state to align with their money and politics.
Local and national politics have a large enough influence on some Americans that nearly 1 in 5 have considered moving because their political views don't align with the majority of people in their area. So where would you move based upon some of these top issues? Wealth, Real Estate and Taxation There are currently nine states in America that have no state income taxes: Texas, Florida, Tennessee, South Dakota, Wyoming, Nevada, Washington, Alaska and New Hampshire.
Let’s look at the states with the highest sales taxes in America: Let’s look at the states with the most deficits in 10 of the last 15 years: When it comes to how you fundamentally view taxation for where you choose to live, you might notice the pattern of states that have lower income taxation but have higher taxation on consumption.
We envisioned that America many years ago would adopt the idea of the 'melting pot,' where various immigrant groups would 'melt together,' abandoning their individual cultures and eventually becoming fully assimilated into the predominant society. But after this election, we might find that the happiest people will self-select and live in a part of the country that is more homogenized to their social, cultural and financial way of thinking.
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