
“There have been studies looking at how specific states are driving high-income taxpayers to emigrate. And that means big Laffer-Curve effects. Which is good news because even politicians are probably capable of learning – sooner or later – that high tax rates won’t raise much revenue if the geese that lay the golden eggs decide to fly away. And since a picture tells a thousand words, here’s the map of taxable income migration put together by the Tax Foundation using IRS data. Federalism is a very valuable way of protecting people from statism. We see it when people move from New York. We see it when they escape from California.”
Related posts:
Captured And Enslaved? U.S. Says You Provide "Material Support" To Terrorists
New iPad app allows users to virtually try on glasses in 3-D
Why did Charlie Chaplin renounce the America which made him world-famous?
How the Patriot Act debate became about library records instead of phone records
YouTube Labels Ron Paul Videos "Not Suitable" For Advertising
Man's Home Raided After Son's Facebook Picture Shows Gun
Government IT official with fake degree ran law enforcement data systems
Bitcoin upgrade aims for smoother e-commerce
1 Million Robots To Replace 1 Million Human Jobs At Foxconn? First Robots Have Arrived.
A Recovery Where You’d Least Expect It
A View Down The Road
Elon Musk starts his own small, secretive school without grade levels
Bitcoin is political, deal with it. Welcome to Dark Wallet
Bill Bonner: Don’t Invest Here in 2014…
Encrypted chat service Cryptocat for iPhone rejected by Apple