Right. The reason why you think it's a bad idea, is why I think it's a good idea. If a poor state has to compete to attract business, the way it would need to do so is by eliminating the welfare state, and making itself more attractive to young, skilled, educated middle-class people
If a poor state has to compete to attract business, the way it would need to do so is by eliminating the welfare state, and making itself more attractive to young, skilled, educated middle-class people
What attracts young middleclass people is taxpayer paid for infrastructure, such as parks, schools, etc. the poor states are already struggling with this.