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Big Money Abandons Blue States, by Douglas Andrews – Brown Pelican Society of Lousiana

Big Money Abandons Blue States, by Douglas Andrews

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Blue States vs. Red States on ‘Affordability’. Image by Grok

By Douglas Andrews, Patriot Post, March 12, 2026

A massive exodus of money and entrepreneurial excellence is making business-friendly red states richer and tax-happy blue states poorer.

Jamie Dimon told a funny joke last November — funny, that is, unless you happen to love the blue-state model of Big Government.

“You know why New Yorkers are so depressed?” the CEO of JPMorgan Chase asked. “Because the light at the end of the tunnel is New Jersey.”

Dimon, who grew up in New York City, was speaking at the American Business Forum in Miami, and he was asked a question about the “historic relocation of both people and capital to Florida and to South Florida,” primarily from high-tax blue states, such as California, Washington, Illinois, or the Northeast. His response was that in life, you need to compete, or you’ll get left behind. …

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