It Has Always Amazed Me How Tax

Sound Money Is The Sine Qua Non Of A Prosperous Society.

And You Can't Have A Prosperous Economy When The Government Is Way Overspending, Raising Tax Rates, Printing Too Much Money, Over Regulating And Restricting Free Trade. It Just Can't Be Done.

There Are Several States That Move From Karl Marx-like Policies To Adam Smith-like Policies And Back Again In A Weekend. So For The States With Huge Volatility In Their Income Tax Policies Over Time, The Differences In Growth Rates In Those Periods Are Really Amazingly Consistent With Tax Rates Really Mattering.

The Income Effects In An Economy Always Sum To Zero.

Let's Take The Nine States That Have No Income Tax And Compare Them With The Nine States With The Highest Income Tax Rates In The Nation. If You Look At The Economic Metrics Over The Last Decade For Both Groups, The Zero-income-tax-rate States Outperform The Highest-income-tax-rate States By A Fairly Sizable Amount.