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Red states roaring, blue states beset by high unemployment
#55
(06-15-2021, 09:21 PM)Hoot Gibson Wrote: Different rankings by economists (two of the three authors of the study linked by Twin Ticks were not economists) will yield different results. However, the state of California has a bill pending, Assembly Bill 2088, introduced in August of 2020, known as the California Wealth Tax, which would tax wealthy people who choose to leave the state for 10 years after they have left the state. 

Any study that ranks California's economy high among states is a joke. States with booming economies do not need to pursue taxes from non-residents who flee a state for greener pastures.

Quote:Report: Red States Have the Best Economies

The 14th issue of the report from the American Legislative Exchange Council lauds states that follow conservative economic policies.

Utah, Florida and Oklahoma – states that favor low tax and spending policies – come out on top in the latest ALEC-Laffer State Economic Competitiveness Index released on Wednesday.

States that fare the worst – New York, Vermont and New Jersey – are those that have high state income taxes and large government-funded programs, according to the "Rich States, Poor States" report from the American Legislative Exchange Council, a conservative think tank.

One component of the index, the economic outlook ranking, evaluates states based on 15 factors that are closely influenced by state policies. "Generally speaking, states that spend less — especially on income transfer programs — and states that tax less — particularly on productive activities such as working or investing — experience higher growth rates than states that tax and spend more," the report notes.

The state rankings from the above link are as follows:

1st Utah 
2nd Florida 
3rd Oklahoma
4th Wyoming
5th North Carolina
6th Indiana
7th Nevada
8th North Dakota
9th Texas
10th South Dakota
11th Idaho
12th Tennessee
13th Arizona
14th Georgia
15th Wisconsin
16th Michigan
17th Virginia
18th Alaska
19th New Hampshire
20th Colorado
21st Missouri
22nd Louisiana
23rd Arkansas
24th South Carolina
25th Alabama
26th Kansas
27th Mississippi
28th Ohio
29th Kentucky
30th Massachusetts
31st Delaware
32nd West Virginia
33rd Iowa
34th Montana
35th Nebraska
36th Pennsylvania
37th Washington
38th New Mexico
39th Connecticut
40th Maryland
41st Rhode Island
42nd Hawaii
43rd Maine
44th Oregon
45th California
46th Minnesota
47th Illinois
48th New Jersey
49th Vermont
50th New York
Quooter Red states are takers and Blue states are makers. This has already been settled.
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RE: Red states roaring, blue states beset by high unemployment - by vector#1 - 06-15-2021, 10:05 PM

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