It seems Republicans in Florida are not quite done firing back at California Democratic Gov. Gavin Newsom for claiming freedom is under attack in the Sunshine State.
On Wednesday, state Chief Financial Officer Jimmy Patronis unloaded on Newsom.
“Today, we released a report that details how under @GovRonDeSantis leadership, Florida is outpacing the nation for growth. It also demonstrates that under @GavinNewsom, California is LOSING income through people leaving the state,” Patronis said in a Twitter thread.
On his official website, Patronis spotlighted the key findings in the report, compiled by Florida’s Department of Financial Services. For example:
- Florida outpaced the nation as a whole in economic growth. During the second quarter of 2020, the U.S. posted GDP growth of 5.4 percent. Florida’s rate was 6.3 percent.
- Newcomers to Florida are contributing tens of billions of dollars to the state’s economy. Net migration to Florida added $23.7 billion to Florida’s adjusted gross income during 2019 to 2020.
- On the other hand, California lost nearly $18 billion worth of income from people exiting the state. Net outflows from California in 2019-20 cost the Golden State $17.8 billion in adjusted gross income. Couple that with Florida’s gain of $23.7 billion from net inflows during the same timeframe, and the result is a $41.5 billion difference between the two states that favors Florida.
- The new families arriving in Florida are high-wage earners. The total household income of families moving to Florida is $120,832 on average. Meanwhile, in California, the average total household income of those families leaving the Golden State for Florida runs $159,924.
“In looking at the numbers, it’s clear why poorly managed states like California are having to resort to marketing gimmicks in an attempt to rein in Florida’s growth,” Patronis said. “It won’t work.”
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Florida’s GDP outpaced that of the entire nation by nearly a full percentage point, said Patroinis, and much of Florida’s wage growth is driven by people leaving their home states to come to Florida.
In just one year, inflows to Florida added $23 billion in wage income to the Sunshine State’s economy, Patroinis noted. In contrast, California lost nearly $18 billion during the same period.
That $41 billion difference, he added, is a “staggering figure that demonstrates Florida’s economic strength.”
“Florida has zero income tax, supports the police, doesn’t like lockdowns, and has Governor Ron DeSantis at the helm,” Patronis continued.
“So, Gavin Newsom can run all the commercials he wants to, but none of it will change the math. People are moving to the Sunshine State in droves and they’re bringing a lot of money with them.”
Patronis has previously trolled California in his own way.
For instance, he has publicly invited Elon Musk of Tesla as well as the CEOs of Uber and In-N-Out Burger to relocate their corporate headquarters to Florida. He urged them to abandon California’s excessive business regulations and high taxes.
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