Here is the original report about which Yglesias speaks.
Now it would be a little silly to say that relatively high business tax rates are the cause of California and New York's success as the pillars of America's very successful high-tech, finance, and media industries. But this map seems to provide strong support for the hypothesis that policymakers seeking to create a prosperous local economy shouldn't sweat the business tax rate too much.Let me go through the list.
- California's unemployment is way below national average, consistently beaten by Texas And it is rising!
- California is the poorest state in the union at a 23% poverty level. California is the second highest taxed state.
- Even though we are the poorest, and second most highly taxed, we are still a donar state, losing 25% on the trade with government DC.!
- We spend near the bottom on education, mainly because of the interference from NCLB.
- Most of our light rail transit systems are money losers and a drag on the budget. HSR is a stink bug.
- California spent two decades floundering with its budget, never learning a thing about energy regulation.
- We have the least amount of representation in the Senate, by far.
- Now, I think California has proven both Yglesias and Maher to be fairly nonsensical.
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