Maryland Follows Illinois And California Down The Toilet
Posted by John Hitchcock on 2012/07/09
Truth Before Dishonor has provided multiple articles following the tax-and-regulate schemes of Illinois and California, and the resultant business and people flight away from those Leftist-run states to far more tax-friendly states. We have also shown how the tax-friendly states have been far more economically successful than the Leftist tax-heavy states, in an article Le-gal In-sur-rec-tion named “Post of the Day”. We noted that Illinois’ Democrats — in a move showing even they know that tax increases are economically harmful — provided a major corporation with a 100 million dollar tax credit in order to keep the corporation in the state.
Now, from Hot Air comes the news about Maryland’s own tax-payer flight from high taxes. Yes, Maryland created a confiscatory “millionaire surtax” and, surprise of surprises, Maryland’s wealthy fled the state to places like income tax-free Florida. So, the “soak the rich” tax increase caused Maryland to lose tax revenue in huge chunks. Their decision to raise tax rates on the productive caused them to lose tax dollars in the coffers! Just like we TEA Party commonsense Constitutional Conservatives declared would be the case! Imagine that.
In other economic news, the 17 states that elected Republican Governors in 2010 all saw their unemployment rates drop, and at a faster aggregate rate than the nation as a whole, while the Democrat side cannot say the same thing. “Unexpected” by the “expert” economists, I’m sure.
It’s very clear which side is the more economically and budgetarily successful, so if you’re interested in improving our nation’s economic condition or budget condition, there is only one Party for which to vote. And they ain’t the donkeys.
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