Migration to Low Tax States and the Muni Market

The video discusses the ongoing population shift in the US towards the South and West, accelerated by the 2017 salt cap and the pandemic. It highlights the impact of tax policies and remote work on migration patterns. The video also examines the credit implications of these shifts, emphasizing the need to monitor changes in tax bases, particularly in major cities like New York.

What is the significance of New York City's tax bases in the context of population movement?

Why is it important to monitor population shifts from a credit standpoint?