Sma' Talk Wi' T

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Rich State, Poor State: The Reason Why

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The American Legislative Exchange Council and Dr. Arthur B. Laffer and Stephen Moore have a published a new study: “Rich States/Poor States: The ALEC-Laffer State Economic Competitiveness Index.” It’s an excellent map to proving why some states are economically more prosperous than others.

In page after page, they show the devastation to a state’s economy that is wrought by the enticing, hopelessly false promises of using confiscatory taxation to protect the poor and disadvantaged. All it does, in the end, is drive off the producers to freer states, leaving behind the poor and disadvantaged and a state budget in deficit, while growth – including growth in state tax revenues – accrue to the freer states.

More Sma’ Talk:
Democrats Never Take Responsibility
Don’t Hate Alcoa For Looking Out After Best Interests
You Get What You Deserve
Poverty Prozac

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Written by smalltalkwitht

July 30, 2008 at 9:24 am

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