ALEC Publishes Updated "Rich States, Poor States"

ATR ^ | 2011-06-23 | Jason Russell

[92nina]

...Page after page of the report gives evidence proving that lower, flatter tax rates spur economic growth and create jobs. Starting in the preface, it gives “10 Golden Rules for Effective Taxation”, such as Rule #8: “An economically efficient tax system has a sensible, broad tax base and a low tax rate”. A chapter on “The State of the States” gives academic statistics from the Mercatus Center on the importance of saying no to spending and concludes stating that “The overall level of taxation has an inverse relationship to economic growth in a state”. The second chapter, with highlights and lowlights of the past year’s legislation, gives a convincing table of research on high income tax rates damaging economies, with the next chapter giving four guiding principles on creating prosperity, as a result of their research. Tax policies have a strong effect on a state’s economic outlook, with various tax measures making up ten of the fifteen variables that ALEC used to determine their outlook rankings. For instance, California ranks lower than Texas in four of the ten tax variables; California’s outlook is 47th, while Texas’ is 18th. Beyond taxes, states can improve their outlook by implementing other free-market measures, such as becoming a right-to-work state and lowering the number of public employees as a proportion of the population.

Read more: http://www.atr.org/alec-publishes-updated-rich-states-poor-a6276#ixzz1Q7Fk4iZ2

[92nina]

Fourth Edition reiterates importance of low, flat tax rates in spurring economic prosperity.

Take this article and others I found to the fight to the Libs on their own turf; put the Left on the defensive at at Digg and at Reddit and in Delicious and Stumbleupon

[Iowa Granny]

ALEC does good work.

[Hildy]

This is supposed to be a great book.I also just bought a book called JOB KILLERS:THE AMERICAN DREAM IN REVERSE by a great speaker named ROBRT GRAHAM. It explains, in detail, how unions are ruining America. he spoke at a conference I was at and he was great, but the message is gloomy.

[re_nortex]

ALEC does good work.

I was somewhat surprised that Texas was in the middle of the pack for the ALEC-Laffer Economic Performance rankings. We were 18th, just ahead of Mississippi but behind states such as Missouri, Indiana and Louisiana.

The top 20 are:

1. Utah
2. South Dakota
3. Virginia
4. Wyoming
5. Idaho
6. Colorado
7. North Dakota
8. Tennessee
9. Missouri
10. Florida
11. Georgia
12. Arizona
13. Arkansas
14. Oklahoma
15. Louisiana
16. Indiana
17. Nevada
18. TEXAS
19. Mississippi
20. Alabama

[Mikey_1962]

Put this info together with the population changes displayed by the 2010 Census and it is quite clear:

Populations follow jobs.

Jobs follow Capital Investment.

Capital Investment follow the path of least resistance and maximum gain.

Capitalism doesn't work without capital and capital goes where it is respected.

(The only anomaly I see is Virginia distorted by the rapid growth of Government)