Monday, April 20, 2015

Rich States, Poor States

According to Democrats the way to create a workers paradise is to heavily tax The Rich and enact more welfare programs and higher minimum wages. According to the latest Rich States Poor States report from the American Legislative Exchange Council, the five states with the highest taxes -- California, New York, New Jersey, Connecticut and Illinois -- lost 4 million residents over the last decade while low-tax states of Texas, Florida, North Carolina, Arizona and Georgia gained 4 million residents. Not surprisingly economic growth  in the high tax states is much lower than in the low tax states.

Apparently, people think "fairness" is more about growth and having a job than it is about redistributing wealth with "progressive" taxes.


Monday, April 13, 2015

Minimum Wages Laws=Greater Unemployment

Courtesy of Mark Perry comes this table contrasting the unemployment rates in European countries with statutory minimum wages versus those without such constraints. Just further evidence that the true goal of minimum wage advocates is not jobs, but to prevent wage competition from younger, less skilled workers. As the song goes, "Nice work  . . .  if you can get it."