Florida Chamber CEO says high-tax states are in a ‘death spiral’ as $4M-an-hour wealth migration accelerates

FL Chamber of Commerce CEO Mark Wilson says state is on its way to becoming 14th largest economy globally

Kristen Altus / FOXBusiness  

Behind Florida’s fine sand beaches and bright green palm trees, a roaring and thriving economy isn’t just running on sunshine; it’s a direct result of a "secret sauce" that combines aggressive private-sector growth with a stark fiscal contrast to the policies of high-tax, Democratic-led states. 

While hubs like New York and California descend into what Florida Chamber of Commerce President and CEO Mark Wilson calls a "death spiral," the Sunshine State is officially open for business as a global superpower. With more than $4 million in wealth flowing across its borders every single hour, Florida has leapfrogged Spain to become the 15th-largest economy in the world — and Wilson says the state is just getting started.

"Part of the secret sauce in Florida is that we're all on the same page," Wilson told Fox News Digital. "The business community, our elected leaders, we understand that economic growth — growing the private sector and shrinking the public sector — that's good for everyone in Florida. So we have 23.5 million people here, and we want to create economic opportunity and good jobs for everyone who wants to be in Florida." Read more and see videos here.