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THE MIAMI MODEL: An Alternative to the Blue City Blues

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The stories out of big blue blob cities like San Francisco, LA, Chicago, and New York are getting worse. Is there an end in sight? It’s hard to say, but what those cities have in common is leadership with a radical progressive philosophy, treating criminals like victims, and producers like piggy banks. No wonder Americans are fleeing them for Your Survival Guy’s Super States. One Super State city that has become a Mecca for those leaving the carnage of Democrat-run cities is Miami. In The Wall Street Journal, Miami’s Mayor Francis X. Saurez explains the success of Miami, writing:

On one side, we have the socialist model: high taxes, high regulation, less competition and declining public services with government imposing itself as the solver and arbiter of all social problems. On the other side, we have the Miami model: low taxes, low regulation and a commitment to public safety and private enterprise. The models present a stark choice on issues ranging from personal freedom, economic opportunity, public safety and the role of government.

People are voting with their feet by moving their lives, their jobs, their businesses and their families to low-tax states. Many Americans living in New York state and California are paying more than 50% of their annual income to local, state and federal governments. They are effectively employees of the state, beholden to a government with public services that neither deliver value nor ensure their personal safety.

In Miami, many residents have personally experienced the socialist model along with its symptoms of hyperinflation, class resentment and stagnant growth. Four years ago Miami residents elected me to pursue a different path. We reduced taxes dramatically, and our revenue base doubled. We invested in our police, and our crime rate dropped. And last week we reduced taxes to their lowest level in history—cutting costs for residents and promoting economic growth.

Miami is a place where you can keep what you earn, invest what you save, and own what you build. We are meeting the high demand of rent costs by encouraging public-private partnerships, activating underutilized land through zoning reforms, and harnessing free-market forces to build more. It works, and our new residents from New York and California can confirm it.

But in this era of stagflation and recession, we know we must be bold and we must be brave. Even in Florida, we must embrace innovation and enterprise by eliminating the recent online sales tax. We must also eliminate the Florida commercial rent tax to increase our supply of commercial space for our growing economy of small businesses. At the federal level, we must keep the Trump-Ryan tax cuts, protect seniors and the working poor from inflation’s devastating effects, and work to prevent inflation from pushing more middle-class and working-class Americans into higher tax brackets. We must balance our federal budget and reduce the new surge of regulations that impose an extreme political ideology over free enterprise and fair play.

The socialist model has failed Democrats locally, and it will continue to fail them nationally despite attempts to censor statistics or parse words. For pundits still unsure what “recession” means, think of it this way: A recession is when your neighbor loses his job; a depression is when you lose yours; and recovery begins when Joe Biden loses his.

Action Line: If you’re looking for a better America, you may find it Miami, or in a different city in one of my Super States. Take Your Survival Guy along for the adventure by clicking here to sign up for my free Survive & Thrive letter, and send me your survivor story by clicking here.

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E.J. Smith - Your Survival Guy

E.J. Smith is Founder of YourSurvivalGuy.com, Managing Director at Richard C. Young & Co., Ltd., a Managing Editor of Richardcyoung.com, and Editor-in-Chief of Youngresearch.com. His focus at all times is on preparing clients and readers for “Times Like These.” E.J. graduated from Babson College in Wellesley, Massachusetts, with a B.S. in finance and investments. In 1995, E.J. began his investment career at Fidelity Investments in Boston before joining Richard C. Young & Co., Ltd. in 1998. E.J. has trained at Sig Sauer Academy in Epping, NH. His first drum set was a 5-piece Slingerland with Zildjians. He grew-up worshiping Neil Peart (RIP) of the band Rush, and loves the song Tom Sawyer—the name of his family’s boat, a Grady-White Canyon 306. He grew up in Mattapoisett, MA, an idyllic small town on the water near Cape Cod. He spends time in Newport, RI and Bartlett, NH—both as far away from Wall Street as one could mentally get. The Newport office is on a quiet, tree lined street not far from the harbor and the log cabin in Bartlett, NH, the “Live Free or Die” state, sits on the edge of the White Mountain National Forest. He enjoys spending time in Key West (RIP JB) and Paris. Please get in touch with E.J. at ejsmith@yoursurvivalguy.com To sign up for my free monthly Survive & Thrive letter, click here.
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