The Empire State ranked dead last when it comes to its economic outlook based on Albany’s tax policy.
The report, authored by economists Arthur Laffer, Jonathan Williams and Stephen Moore, gives New York state, along with New Jersey (45) and California (46), low marks because of excessive tax and spending policies that hurt businesses and individuals.
“We hate to keep picking on California, New Jersey and New York, but they continue to be models of how not to govern a state,” the report warned. “These three states,” the report continued, “impose tax rates at or near the highest in the nation and about twice the national average.”
This is what happens when you have excessive taxes, smothering regulations, union strangulation, out of control government spending and then expect the scant minority affluent to pay for it all.
What New York, California, and New Jersey all have in common, aside of the aforementioned, is they are all parasite friendly. At some point the parasites will overwhelm the host and they have done so in these States thanks to the red carpet rolled out for them by the Democrats. These parasites are in the driver’s seat with their hands out the window grabbing up everything they can get them on. I am afraid the only thing that will save these States is some real strong worm medicine.
The scariest thing about this scenario is that it is the blueprint for America the Obama Administration is desperately trying to bring to fruition.
What has me completely befuddled is how so many Liberals in this Country cannot see just how just how wrong this is, that nothing good ever has nor ever will come from this philosophy, only the slow agonizing death of the whole.
Edited by Socio, 30 April 2012 - 11:44 AM.