Finally, after being headquartered in Torrance, Calif., for half a century, Toyota has had enough of California’s anti-business, anti-growth policies and is packing its bags and moving to Plano, Texas, where the contrast couldn’t be greater. And Toyota is not alone in fleeing California.
The policy conclusion that leaps off the pages from these interstate-migration patterns is that Americans are voting with their feet against liberalism — high taxes and debt, heavy regulation, and union domination.
What do these losers have in common? Well, the four biggest losers are about the most politically liberal states in the nation,...
... A more reasonable conclusion is that tax rates really do affect incentives and decisions. Barack Obama and the New York Times may long for high taxes, but most Americans would rather avoid them. High taxes are also job killers, so Americans who are unemployed also tend to move away from high-tax states.
Liberals in Washington who want to sock it to the rich have never been able to explain why voters are turning their backs on this big-government model, which has created anything but a worker’s paradise in the states.
http://www.nationalreview.com/artic...sper-or-decline-stephen-moore-arthur-b-laffer
Big Govt, Big taxes = Bad
The policy conclusion that leaps off the pages from these interstate-migration patterns is that Americans are voting with their feet against liberalism — high taxes and debt, heavy regulation, and union domination.
What do these losers have in common? Well, the four biggest losers are about the most politically liberal states in the nation,...
... A more reasonable conclusion is that tax rates really do affect incentives and decisions. Barack Obama and the New York Times may long for high taxes, but most Americans would rather avoid them. High taxes are also job killers, so Americans who are unemployed also tend to move away from high-tax states.
Liberals in Washington who want to sock it to the rich have never been able to explain why voters are turning their backs on this big-government model, which has created anything but a worker’s paradise in the states.
http://www.nationalreview.com/artic...sper-or-decline-stephen-moore-arthur-b-laffer
Big Govt, Big taxes = Bad