Sunday, January 18, 2015

Another Dagger in the Heart of Statism

Economists, Steve Moore and Travis Brown, looked at the last 11 states to put forth an income tax (from West Virginia in 1961 to Connecticut in 1991 - thank you, Lowell Weicker, Yale man) and examined their performance on all of the typical metrics (population, employment, labor force participation, output, revenue, etc.). They then compared this data to the states' performance on those same metrics 3 years prior to the income tax, and what they found was that on every single metric and in every single state that state's share of the country's total value declined and in some instances precipitously. This is devastating, and you really have to wonder what keeps these people ticking if it isn't their ignorance.

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