Get Your Hands on Rich States, Poor States - the 2nd Edition

Tuesday, March 31, 2009 11:56 AM

The following is cross-posted at www.atr.org

The American Legislative Exchange Council has just released the second edition of their great publication Rich States, Poor States , a detailed evaluation of state fiscal and economic policies and their ramifications.

As can be clearly seen – low tax, pro-growth states like Utah have the highest gross state product and income growth, whereas high taxing anti-business states like New York have the lowest. Taxpayers have voted with their feet: 3.5 million tax refuges have fled just New York and California in the last decade, taking refuge in taxpayer havens like Florida.

This report is further evidence of what ATR has been saying all along – the worst thing any government can do for its state is to raise taxes. After years of overspending, the size of government must be reduced for states to once again flourish.

This report is yet another nail in the coffin of the failed big government policies of the past, while at the same time pointing out that transparency in government spending is a tool to combat waste, fraud and abuse - and cites CFA as a source (p. 6 of the pdf).

Tags: Transparency SpendingLimits | Comments (2)

Reader Comments:

Here at the University of Wisconsin students have been doing the same thing. Grab their diploma and run. You would think states mine wise up to the fact that this brain drain affects the number of high-income taxpayers they can use to fund their big governments.

Sarah / Madison March 31, 2009 @ 4:59 pm ID: 200802252

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dndttv / Your Location April 26, 2009 @ 2:36 pm ID: 200803925

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