The first four rounds of my New York vs. Florida contest (available here, here, here, and here) largely focused on Florida’s superior economic policies and superior economic results. So you won’t be surprised to learn that Round #5 continues that tradition. We’ll start today’s column with a remarkable comparison put together by the Wall Street […]
Search Results for 'new york florida'
New York vs. Florida, Round #5
Posted in Big Government, Competitiveness, Florida, New York, States, tagged Big Government, Competitiveness, Florida, New York, States on February 10, 2023| 4 Comments »
New York vs. Florida, Round #4
Posted in Big Government, Bureaucracy, Florida, Government Spending, New York, States, tagged Big Government, Bureaucracy, Florida, Government Spending, New York, State Government, States on May 19, 2020| 23 Comments »
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 […]
New York vs. Florida, Round #3
Posted in Competitiveness, Florida, New York, States, Tax Competition, Taxation, tagged Competitiveness, Florida, New York, States, Tax Competition, Taxation on January 11, 2020| 16 Comments »
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 […]
New York Vs. Florida, Round #2
Posted in Competitiveness, Florida, New York, States, tagged Competitiveness, Florida, New York, States on March 21, 2019| 21 Comments »
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 […]
New York vs. Florida, Round #1
Posted in Florida, Migration, New York, States, Tax Competition, tagged Florida, Migration, New York, States, Tax Competition on February 20, 2019| 17 Comments »
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 […]
Great Moments in New York Government
Posted in Big Government, Government Inefficiency, New York, tagged Big Government, Government Inefficiency, New York on March 31, 2024| 2 Comments »
Governments are inherently inefficient and incompetent. But some of them are worse than others. Looking at states, places such as Illinois, California, and New Jersey seem to be the worst of the worst. But New York also belongs on that list. Some of the Empire State’s problems are summarized in my five-part Florida-vs-New York series […]
Red States vs. Blue States, Part V: Florida vs. California
Posted in California, Competitiveness, Florida, States, tagged California, Competitiveness, Florida, States on November 30, 2023| 7 Comments »
I’ve written lots of columns comparing Texas and California (see here, here, here, here, here, here, here and here), and also several columns comparing Florida and New York (see here, here, here, here, and here). We’ll break from that pattern today because we’re going to compare Florida and California, motivated by tonight’s Fox TV debate […]
FitFS 2023: Live Free or Die in New Hampshire
Posted in Economic Rankings, Economics, Free Markets, Libertarianism, States, tagged Economic Rankings, Economics, Free Markets, Libertarianism, States on November 18, 2023| 7 Comments »
When I’ve written about Freedom in the 50 States (as I did in 2016, 2019, and 2022), it seems that Florida and New Hampshire routinely get the best scores. Well, the same is true for the latest edition. As you can see from this map, New Hampshire is the nation’s most libertarian state with Florida […]
Is Iowa Becoming the “Florida of the North”?
Posted in Flat Tax, Free Markets, Iowa, School Choice, States, Tax Reform, tagged Flat Tax, Free Markets, Iowa, School Choice, States, Tax Reform on September 5, 2023| 3 Comments »
According to both Economic Freedom of North America and Freedom in the 50 States, Iowa is boringly average, ranking in the 20s. That’s better than being terrible, like New York or California. But it’s worse than being good, like Florida and New Hampshire. However, if we look solely at tax policy, Iowa goes from average […]
The Slow-Motion Suicide of New York and California
Posted in California, Competitiveness, Fiscal Policy, Florida, Migration, New York, States, Tax Competition, Taxation, Texas, tagged California, Competitiveness, Fiscal Policy, Florida, Migration, New York, States, Tax Competition, Taxation, Texas on August 24, 2023| 6 Comments »
Two of the worst states for tax policy are California and New York. They have punitive income tax rates, high sales taxes, and myriad other ways of diverting money from the productive sector of the economy to finance bloated public sectors. I’ve written several time that greedy politicians in these states are driving away taxpayers. […]
Florida vs. California
Posted in California, Competitiveness, Economics, Florida, tagged California, Competitiveness, Economics, Florida on June 17, 2023| 1 Comment »
I have done eight columns comparing Texas and California and five columns comparing Florida and New York. But maybe it is time to compare Florida and California? If I do, there’s no comparison, at least based on how people vote with their feet. Even though California has the nation’s best climate and geography, the state’s […]
An Overdue Wake-Up Call for New York Democrats?
Posted in Higher Taxes, Migration, New York, Tax Competition, Tax Increase, Taxation, tagged Higher Taxes, Migration, New York, New York City, Tax Competition, Tax Increase, Taxation on December 20, 2022| 15 Comments »
The economic outlook in New York (both the state and the city) has been very depressing in recent years. 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 […]
New York City’s Grim Fiscal Outlook
Posted in Big Government, Higher Taxes, Local government, New York, Tax Increase, Taxation, tagged Big Government, Higher Taxes, Local government, New York, New York City, Tax Increase, Taxation on June 30, 2022| 10 Comments »
Back in 2020, I warned that then-Mayor Bill de Blasio was setting the stage for fiscal crisis. During his eight years in office, he violated fiscal policy’s golden rule by increasing the burden of government spending at three times the rate of inflation. And all that spending requires lots of taxes, which helps to explain […]
From New Hampshire to Mexico City, Ranking Economic Freedom in North America
Posted in Canada, Competitiveness, Economic Rankings, Free Markets, Mexico, Statism, United States, tagged Canada, Competitiveness, Economic Rankings, Free Markets, Mexico, Statism, United States on November 26, 2021| 19 Comments »
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 […]
New York’s Fiscal Suicide
Posted in Competitiveness, Fiscal Policy, Higher Taxes, Migration, New York, States, Tax Competition, Tax Increase, Taxation, tagged Competitiveness, Fiscal Policy, Higher Taxes, Migration, New York, States, Tax Competition, Tax Increase, Taxation on April 6, 2021| 46 Comments »
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. […]
Fiscal Insanity from New Jersey
Posted in Big Government, Class warfare, Higher Taxes, New Jersey, Tax Increase, Taxation, tagged Big Government, Class warfare, Higher Taxes, New Jersey, Tax Increase, Taxation on September 18, 2020| 28 Comments »
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 […]
New York and Fiscal Suicide
Posted in Competitiveness, Higher Taxes, Jurisdictional Competition, New York, States, Tax Increase, Taxation, tagged Competitiveness, Higher Taxes, Jurisdictional Competition, New York, States, Tax Increase, Taxation on July 22, 2020| 53 Comments »
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 […]
The Continuing Tax Migration to Florida
Posted in Fiscal Policy, Florida, Migration, Tax avoidance, Tax Competition, tagged Fiscal Policy, Florida, Migration, Tax avoidance, Tax Competition on September 15, 2019| 42 Comments »
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 […]
New Jersey Doubles Down on Class Warfare and Big Government
Posted in Big Government, Class warfare, Fiscal Policy, Higher Taxes, Migration, New Jersey, States, Tax Competition, Tax Increase, Taxation, tagged Big Government, Class warfare, Fiscal Policy, Higher Taxes, Migration, New Jersey, States, Tax Competition, Tax Increase, Taxation on July 2, 2018| 14 Comments »
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 […]
Nightmare for New York and California: Tax Reform Will Put Added Pressure on High-Tax States
Posted in States, Tax Competition, Taxation, tagged State and Local Taxes, States, Tax Competition, Tax Reform, Taxation on December 28, 2017| 23 Comments »
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, […]
New Jersey’s Continuing Fiscal Decay
Posted in Class warfare, Competitiveness, Fiscal Policy, Higher Taxes, Migration, New Jersey, Tax Competition, Tax Increase, Taxation, tagged Class warfare, Competitiveness, Fiscal Policy, Higher Taxes, Migration, New Jersey, Tax Competition, Tax Increase, Taxation on October 15, 2017| 12 Comments »
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 […]
Some Uplifting News about Race in America
Posted in Race, tagged Race, Racism on August 13, 2017| 28 Comments »
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, […]
The Federal Tax Code Should Not Subsidize Greedy Politicians in New York and California
Posted in Economics, Fiscal Policy, Local government, States, Tax Reform, Taxation, tagged Economics, Fiscal Policy, Itemized Deductions, Local government, State and Local Taxes, States, Tax Deduction, Tax Reform, Taxation on April 29, 2017| 31 Comments »
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 […]
From France to New Jersey, High Tax Rates and Class Warfare Are Economic Poison
Posted in Brain drain, Competitiveness, Economics, Fiscal Policy, France, Higher Taxes, Jurisdictional Competition, Marginal Tax Rate, New Jersey, Tax Competition, Tax Increase, Taxation, tagged Brain drain, Competitiveness, Economics, Fiscal Policy, France, Higher Taxes, Jurisdictional Competition, Marginal Tax Rate, New Jersey, Tax Competition, Tax Increase, Taxation on March 26, 2014| 33 Comments »
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 […]
Turning New York City into Detroit?
Posted in Class warfare, Competitiveness, Economics, Fiscal Policy, Higher Taxes, Laffer Curve, Local government, New York, Tax Competition, Tax Increase, Taxation, tagged Class warfare, Competitiveness, Economics, Fiscal Policy, Higher Taxes, Laffer Curve, Local government, New York, Tax Competition, Tax Increase, Taxation on September 4, 2013| 9 Comments »
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 […]
Why Tax Migration and Federalism Mean Doom for Left-Wing States such as New York, California, and Illinois
Posted in Competitiveness, States, Tax avoidance, Tax Competition, Taxation, tagged Competitiveness, States, Tax avoidance, Tax Competition, Taxation on August 24, 2013| 107 Comments »
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 […]
Great Moments in Local Government, the New York City Edition
Posted in Big Government, Government stupidity, Government Thuggery, New York, tagged Bureaucracy, Government stupidity, New York City, Regulation on March 26, 2012| 33 Comments »
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) […]
New York Leads the List of the Five Biggest Moocher States…and Utah Tops the List of the Five Most Self-Reliant States
Posted in Dependency, Redistribution, Welfare, tagged Dependency, Redistribution, Self-Reliance, Welfare on April 26, 2011| 8 Comments »
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 […]
Class Warfare Tax Policy Wreaks Havoc with New Jersey Economy
Posted in Atlas Shrugged, Big Government, Brain drain, Class warfare, Competitiveness, Death Tax, Deficit, Economics, Fiscal Policy, Income tax, IRS, Laffer Curve, New Jersey, Politicians, Politics, Tax avoidance, Tax Competition, Taxation, Uncategorized, Video, tagged Brain drain, Class warfare, Corzine, Economics, Fiscal Policy, Income tax, IRS, Laffer Curve, Marginal tax rates, New Jersey, Obama, Politics, Soak the Rich on February 17, 2010| 17 Comments »
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 […]
Bad News if You Root for the New York Yankees, Los Angeles Lakers, or New England Patriots
Posted in Competitiveness, Economics, Fiscal Policy, Lakers, Patriots, Taxation, Yankees, tagged Competitiveness, Economics, Fiscal Policy, Lakers, Patriots, States, Taxation, Yankees on July 30, 2009| 6 Comments »
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 […]
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