New York’s Fiscal Suicide | International Liberty (wordpress.com)
The state of New York is an economic disaster area.
- New York is ranked #50 in the Economic Freedom of North America.
- New York is ranked #48 in the State Business Tax Climate Index.
- New York is ranked #50 in the Freedom in the 50 States.
- New York is next-to-last in measures of inbound migration.
- New York is ranked #50 in the State Soft Tyranny Index.
The good news is that New York’s politicians seem to be aware of these rankings and are taking steps to change policy.
The bad news is that they apparently want to be in last place in every index, so they’re looking at a giant tax increase.
The end result of this is that even more producers will continue to leave the state, and they will take their jobs and tax revenue with them.This will increase the number of people in the state who are dependent upon government, while reducing the amount of money available for these people.
Everybody loses!
California is much the same way. And these are liberals’ dream states.
Read the whole thing, but prepare to be physically ill.
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