In a recent article in the Wall Street Journal, it was pointed out that the “evil” rich are moving from states with high tax rates, to states with low tax rates.
Here’s the problem for states that want to pry more money out of the wallets of rich people. It never works because people, investment capital and businesses are mobile: They can leave tax-unfriendly states and move to tax-friendly states.
You mean, people move to places where they can KEEP THEIR OWN MONEY? Astounding!
And the evidence that we discovered in our new study for the American Legislative Exchange Council, “Rich States, Poor States,” published in March, shows that Americans are more sensitive to high taxes than ever before. The tax differential between low-tax and high-tax states is widening, meaning that a relocation from high-tax California or Ohio, to no-income tax Texas or Tennessee, is all the more financially profitable both in terms of lower tax bills and more job opportunities.
Lower taxes mean MORE JOBS??? What a COMPELTELY NEW AND ORIGINAL idea!
Updating some research from Richard Vedder of Ohio University, we found that from 1998 to 2007, more than 1,100 people every day including Sundays and holidays moved from the nine highest income-tax states such as California, New Jersey, New York and Ohio and relocated mostly to the nine tax-haven states with no income tax, including Florida, Nevada, New Hampshire and Texas. We also found that over these same years the no-income tax states created 89% more jobs and had 32% faster personal income growth than their high-tax counterparts.
You mean free markets and low taxes CREATE MORE JOBS? You mean PEOPLE EARN MORE? Who would have thought of that?
Did the greater prosperity in low-tax states happen by chance? Is it coincidence that the two highest tax-rate states in the nation, California and New York, have the biggest fiscal holes to repair? No. Dozens of academic studies — old and new — have found clear and irrefutable statistical evidence that high state and local taxes repel jobs and businesses.
I guess you’ll never see this on MSNBC! Facts like this done’t fit the libatard templa…..
This is a special announcement from the messiah Department of Propaganda.
ALL HAIL THE MESSIAH
And now, the messiah SPENDULUS MAXIMUS will address the Soviet.
My fellow Amerikans, It has come to my attention that there are some that are leaving their home states in order to avoid paying their fair share. (Moves head to right teleprompter). This is unfair, and unAmerikan, and will not be tolerated (Moves head to read left teleprompter).
Applauding sycophants. (messiah raised head slightly to the adulation of the sycophants, and to read the vertical teleprompter)
For Amerika to move forward, we must cast off the failed policies of the past, and embrace the challenges of the socialist future. (Moves to right teleprompter) For too long, the wealthy among us have hidden their wealth from the public chest, and spent their funds on investment and job creation. They have been the winners in life’s lottery, I say now that this must stop!
To achieve this goal, I have directed the Army Corps of Engineers, FEMA, and the messiah Ministry of Really Expensive and Useless Projects to construct and Wealth Containment Structure to surround every state that struggles to meet it’s commitments (Moves to left teleprompter). No longer will the wealthy be able to move away from their shared responsibility!
The Amerikan people have voted for change, all dissent has been silenced, and now it is time for the wealthy to stop acting in their own self interest, but do what I say! (Turns to right teleprompter)
The crowd chants: Yes we can! Yes we can! Yes we can! Yes we can! Yes we can! Yes we can! Yes we can! Yes we can! Yes we can! Yes we can! Yes we can!
I would like to thank the leadership of our visionary on this project, Mr. Joe Steel. It is the selfless work of Mr. Steel, and our other social engineers that makes projects such as these worthwhile to all Amerikans. The Amerikan people are in your debt.
Thank you, and all hail the messiah!
Sycophants chant: ALL HAIL THE MESSIAH! ALL HAIL THE MESSIAH! ALL HAIL THE MESSIAH! ALL HAIL THE MESSIAH! ALL HAIL THE MESSIAH!
This has been a special address by the messiah SPENDULUS MAXIMUS.
We now return you to your regularly scheduled propaganda.
The messiah is watching!
Wow! I was preempted by the messiah on my own blog. The CALL IT SOMETHING ELSE Translation Matrix must be acting up. BTW, I wonder what the messiah means by a ” wealth containment structure?
Oh, that’s what he means.
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