In response to:

ALEC’s Rich States, Poor States

Anne440 Wrote: Apr 16, 2012 1:50 PM
Hasn't everyone noticed that the most liberal progressive states are in the worst financial condition and living in one of them is becoming a nightmare?

The American Legislative Exchange Council (ALEC) released the fifth edition of its “Rich States, Poor States” report yesterday. For fiscal wonks the report is a fun read, as it is chock full of tax and economic comparisons between the 50 states.

The first part of the report is a “Supply Side 101” lesson on the advantages of low marginal tax rates and the mobility of labor and capital. One point that policymakers often overlook is that a high tax rate on one tax base tends to shrink not just that tax base, but other tax bases as well. Thus,...

Related Tags: poor