Monday, August 24, 2015

Money Walks

On the site How Money Walks you can see how wealth migrates from high tax locations to lower tax locations. For example the two snapshots below show that Washington State is gaining wealth from high tax states and losing wealth to lower tax states.  This phenomenon is readily observable within the state as well, as wealth is migratiing from high tax counties like King to lower tax counties outside of Seattle.

And then, of course there's the well documented example of how California is driving wealth to other lower tax states.

And yet legislatures in these states keep drinking the poison of raising taxes. And Congress can't seem to understand how high US income taxes drive companies to send more business and jobs abroad.









Wednesday, August 19, 2015

The LA CIty Council's Minimum Wage Hike Is Also Working As Predicted

In September, 2014, Los Angeles City Council raised the minimum wage for hotel workers to $15.37. The wage went into effect in July, 2015, for hotels with 300 or more rooms, and will go into effect July, 2016 for 150-plus-room hotels.

Sunday, August 16, 2015

Minimum Wage Hike Has The Immediate Effect the City Council Promised

The Seattle City Council said that its minimum wage law would have an intermediate effect on workers. They were right.

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Friday, August 14, 2015

Capitalism is the Scourge of the Poor?

If you listen to those on the left -- Democrats, the media -- you would think that capitalism was the scourge of the poor. And then there are the facts . . . .

Chart showing decline in absolute extreme poverty over time