Trump Warns Democrat-Run States Are Going to Become ‘Ghettos of the Future’ as Rich People and Companies Flee

President Donald Trump has issued a stark warning that Democrat-controlled blue states are going to become “‘ghettos’ of the future” due to wealthy people and companies fleeing their high taxes and leftist policies.

Trump issued the warning in a post to Truth Social on Tuesday morning.

The post read:

“Rich people and Companies are pouring out of Dumocrat run Blue States at levels never seen before! If this trend continues, these States will become the “Ghettos” of the Future — No people, no money, no hope. MAKE AMERICA GREAT AGAIN! President DONALD J. TRUMP”

The president also shared a Just the News report highlighting how Illinois is copying California’s business-repellent model of high taxes and poor economic management.

The report cited True Value Hardware’s decision to move its corporate headquarters from Chicago to Fort Wayne, Indiana, joining other major Illinois companies like Boeing, Tyson Foods, Morton Salt, and Caterpillar that have already left.

Recent IRS migration data confirms the trend Trump described.

The ten counties with the largest net losses of taxpayers to other states were all in California or New York.

Los Angeles County led with a net loss of 17,496 tax filers carrying nearly $1.9 billion in income. Queens County, New York, lost 17,109 filers, followed by the Bronx with 16,319.

Other hard-hit New York counties included Suffolk and Nassau.

High-income residents and businesses are heading to states with low or no income tax, like Florida, Texas, and Tennessee.

Recent proposals have added to the pressure for high earners to leave the blue states.

New York City Mayor Zohran Mamdani and Gov. Kathy Hochul advanced a “pied-à-terre” tax targeting luxury second homes worth $5 million or more, expected to raise around $500 million annually from affluent owners.

Former Gov. Andrew Cuomo has publicly criticized such policies, warning that demonizing corporations and the rich is actively chasing wealth and businesses to southern states.

The post Trump Warns Democrat-Run States Are Going to Become ‘Ghettos of the Future’ as Rich People and Companies Flee appeared first on The Gateway Pundit.