How to wreck a state...

billc

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http://www.nationalreview.com/article/356404/suicide-pact-kevin-d-williamson



It’s not just Texas eating the economic lunch of basket-case states such as California and New York. Kansas City saw about 9,500 new jobs created between May 2012 and May 2013 — every one of them on the Kansas side of the border, where residents and businesses enjoy a significant tax advantage thanks in part to the leadership of Governor Sam Brownback and Kansas conservatives. Johnson County, Kan., gained nearly $800 million in adjusted gross income between 1992 and 2010, and the biggest chunk of it came from Jackson County, Mo., which is down some $1.78 billion in AGI over the same period. Money walks, which is the point of Travis H. Brown’s book How Money Walks, and his website, which contains a wealth of excruciatingly detailed data about where people are taking their families, their businesses, and their income.


From that data, here’s a five-point plan for destroying your state’s economy.

Here is one of the 5 examples...

5. Don’t just be crazy — be California crazy. California is running out of things in the present to tax, and its future does not look terribly bright, so it has resorted to taxing the past. A combination of judicial shenanigans and legislative incompetence resulted in California’s reneging on tax incentives that had been offered to some businesses — and then demanding the retroactive payment of taxes for which businesses had never been legally liable. Small-business owners, some of whom had sold their businesses years ago, suddenly got demands for taxes running well into the six figures. And, California being California, it had the gall to charge those businesses interest on taxes they had never owed. Jim Fowler, a software entrepreneur, was hit with a bill for more than $600,000. “I think that’s the part that’s really going to ruin trust in the state of California,” he said. “You can’t do this to entrepreneurs. Entrepreneurs will stop coming here.”
 

Brian R. VanCise

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California is actually doing better now that Governor Brown has been in office. Do they have problems sure but by implementing a policy of cutting spending, raising taxes they are doing quite a bit better!
 

arnisador

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California is actually doing better now that Governor Brown has been in office. Do they have problems sure but by implementing a policy of cutting spending, raising taxes they are doing quite a bit better!

It's quite impressive! Getting a legislature that doesn't think it's Sharks vs. Jets also helped.
 
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