Feeds:
Posts
Comments

Search Results for 'new york florida'

Politicians from New York want states to get a big bailout from Uncle Sam. I explained earlier this month that this would be a bad idea. Simply stated, the Empire State is in big trouble because it has a bloated government, not because of the coronavirus. Probably the strongest piece of evidence is that New […]

Read Full Post »

I looked last year at how Florida was out-competing New York in the battle to attract successful taxpayers, and then followed up with another column analyzing how the Sunshine State’s low-tax policies are attracting jobs, investment, and people from the Empire State. Time for Round #3. A new article in the Wall Street Journal explains […]

Read Full Post »

I used to think Texas vs. California was the most interesting and revealing rivalry among states. It was even the source of some clever jokes and cartoons. But the growing battle between Florida vs. New York may now be even more newsworthy. I wrote last month about how many entrepreneurs, investors and business owners are […]

Read Full Post »

I shared data a couple of weeks ago showing that Florida is the freest state in America (for both overall freedom and economic freedom) while New York is in last place (in both categories). Well, it seems that freedom has consequences when people can “vote with their feet.” We’ll start with an op-ed in the […]

Read Full Post »

If you want to understand why some nations enjoy much stronger economic growth than other nations, the best place to start is the Fraser Institute’s Economic Freedom of the World. And if you want to understand why some states have more vibrant economies than other states, you should check out the latest edition of the […]

Read Full Post »

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. […]

Read Full Post »

New Jersey is a tragic example of state veering in the wrong direction. Back in the 1960s, it was basically like New Hampshire, with no income tax and no sales tax. State politicians then told voters in the mid-1960s that a sales tax was needed, in part to reduce property taxes. Then state politicians told […]

Read Full Post »

New York is ranked dead last for fiscal policy according to Freedom in the 50 States. But it’s not the worst state, at least according to the Tax Foundation, which calculates that the Empire State is ranked #49 in the latest edition of the State Business Tax Climate Index. Some politicians from New York must […]

Read Full Post »

Like most libertarians, I’m a bit quirky. Most people, if they watch The Great Escape or Rambo II, cheer when American POWs achieve freedom. I’m happy as well, but I also can’t stop myself from thinking about how I also applaud when a successful taxpayer flees from a high-tax state to a low-tax state. It’s […]

Read Full Post »

New Jersey is a fiscal disaster area. It’s in last place in the Tax Foundation’s index that measures a state’s business tax climate. It’s tied for last place in the Mercatus Center’s ranking of state fiscal conditions. And it ranks in the bottom-10 in measures of state economic freedom and measures of unfunded liabilities for […]

Read Full Post »

The right kind of tax reform can help people directly and indirectly. They benefit directly if reform reduces their tax burden and gives them more take-home income. They benefit indirectly if reform increases growth and leads to additional pre-tax income. For what it’s worth, I think the indirect impact is most important for family finances, […]

Read Full Post »

When companies want to boost sales, they sometimes tinker with products and then advertise them as “new and improved.” In the case of governments, though, I suspect “new” is not “improved.” The British territory of Jersey, for instance, has a very good tax system. It has a low-rate flat tax and it overtly brags about […]

Read Full Post »

The racist march in Charlottesville, VA, was awful news. The vehicular murder of a woman by one of the racists is even worse news. The good news is that almost everyone in the nation is united in condemning the marchers. I especially like what Senator Ben Sasse said about how America isn’t an ethnic identity, […]

Read Full Post »

If I had to pick my least-favorite tax loophole, the economist part of my brain would select the healthcare exclusion. After all, that special preference creates a destructive incentive for over-insurance and contributes (along with Medicare, Medicaid, Obamacare, etc) to the third-party payer crisis that is crippling America’s healthcare system. But if I based my […]

Read Full Post »

Back in the 1980s and 1990s, there was a widespread consensus that high tax rates were economically misguided. Many Democrats, for instance, supported the 1986 Tax Reform Act that lowered the top tax rate from 50 percent to 28 percent (albeit offset by increased double taxation and more punitive depreciation rules). And even in the […]

Read Full Post »

I recently speculated whether Detroit’s fiscal problems should be a warning sign for the crowd in Washington. The answer, of course, is yes, though it’s not a perfect analogy. The federal government is in deep trouble because of unsustainable entitlement programs while Detroit got in trouble because of a combination of too much compensation for […]

Read Full Post »

Maybe this means I’m not a nice person (notwithstanding my high score for tenderness in a recent test), but I can’t help but be happy when I read bad news about fiscal policy in high-tax welfare states. And because I’m a huge fan of tax competition, I get even happier when I find out that […]

Read Full Post »

I’m periodically dumbfounded by the bizarre actions of government. Indeed, I even put together a post comparing amazingly stupid policies in the United States and United Kingdom. And I later updated that post with new details of brainless bureaucracy. Top U.K. entries included an effort to stop children from watching Olympic shooting events and (what must be) […]

Read Full Post »

I may have to stop being a New York Yankees fan. The state of my birth is a national embarrassment. People in the Empire State are national champions in the contest to rip off their fellow citizens according to analysis from USA Today. West Virginia, however, is the biggest deadbeat state if handouts are compared […]

Read Full Post »

Barack Obama wants higher tax rates on the so-called rich, including steeper levies on income, capital gains, dividends, and even death! Along with other greedy politicians in Washington, he acts as if successful taxpayers are like sheep meekly awaiting slaughter. In reality, class-warfare tax policies generally backfire because of the five reasons outlined in this […]

Read Full Post »

A sportswriter at NBA.com explains how higher tax rates will make it even more attractive for professional athletes to sign with teams from zero-income tax states such as Florida and Texas. This is good news if you cheer for the Miami Dolphins or Texas Rangners. But if you support teams from high-tax states, you should […]

Read Full Post »

When I wrote about the 2018 edition of Freedom in the 50 States, Florida ranked as the nation’s most libertarian state. In the 2021 version, New Hampshire takes the top spot (reclaiming the lead it had back in 2016). Here’s a map showing the 10 best and 10 worst states. One obvious takeaway is that […]

Read Full Post »

I wrote back in 2012 that California voters opted for “slow-motion economic suicide” by voting to raise the state’s top income tax rate to 13.3 percent. Sure enough, having the nation’s highest state income tax rate has been bad news. More and more companies and households are leaving the (no-longer) Golden State for zero-income-tax states […]

Read Full Post »

Yesterday’s column included a map showing which states gained and lost the most population over the past year. I speculated that some of America’s internal migration was driven by differences in tax policy. So it’s appropriate today that I share this map from the Tax Foundation’s annual State Business Tax Climate Index, showing Wyoming, South […]

Read Full Post »

I’ve written many times about how Americans are moving from high-tax states to low-tax states. Now we have even more evidence because the Census Bureau has issued its annual report on state population changes, along with this accompanying map. You don’t need to be an expert in map reading to see that California, Illinois, and […]

Read Full Post »

Unless my memory is more faulty than usual, I don’t think I’ve written a single favorable article about any of Joe Biden’s policies. Which isn’t a surprise considering his knee-jerk embrace of higher taxes and bigger government. But it’s now time to praise the President. Why? Because his administration is taking some long-overdue steps to […]

Read Full Post »

The bad news is that federalism has declined in the United States as politicians in Washington have expanded the size and scope of the national government. The good news is that some federalism still exists and this means Americans have some ability to choose the type of government they prefer by “voting with their feet.” […]

Read Full Post »

Today we’re going to mix two things that seem disconnected. Our first topic is federalism, which is the sensible principle that deciding things at the local level, or even state level, is better than being ruled by faraway politicians and a big, centralized bureaucracy. You can still get awful policies from local politicians and state […]

Read Full Post »

If you ask normal people about the biggest thing that happened in 2020, they’ll probably pick coronavirus, though some might say the 2020 election. But if you ask a policy wonk, you may get a different answer. Especially if we’re allowed to tweak the question a bit and contemplate the most under-appreciated development of 2020. […]

Read Full Post »

According to the Fraser Institute’s Economic Freedom of North America, the most economically free jurisdiction in North America used to be the Canadian province of Alberta. But Alberta then slipped and New Hampshire claimed the top position. And, according to the the 2020 edition of Economic Freedom of North America, the Granite State is still […]

Read Full Post »

Next »