In general, states that keep taxes low and provide a competitive business climate perform far better than the states that follow the tax-and-spend approach.
An excerpt from The Hill:
Americans are voting with their wallets in response to policy decisions and state competitiveness. The new census migration data reveals that millions of people are moving their families, businesses and incomes to states that are more economically competitive.
This country has always been the land of opportunity, offering newly arriving immigrants the chance to live the American Dream. Sometimes it’s easy to forget the magnitude of the migration within our own borders for similar reasons.
People choose to move from state to state for all sorts of reasons, like proximity to family members and better weather, but migration to pursue economic opportunity is a key take away from a decade of our research in "Rich States, Poor States."
It really all goes back to economics 101. When you tax something, you get less of it, and when you tax something less, you get more of it. Pro-growth policies, such as lighter tax and regulatory burdens, boost state economic activity and attract citizens looking to enhance their wellbeing.