Sunday, July 16, 2006

Woe is them, Part I

In a survey in March, the NCSL found that at
least 10 states expect to have deficits in 2007.
The next year, the number jumps to at least 19.
...
The state, like others in the Northeast, is hard
pressed to find more revenues. In the past, Reed
points out, New Jersey has relied on tax hikes on
the wealthy. "Now there are reports that high
taxes are influencing wealthy people's decision
on where to live," she says. Yet another sign
that the tax-the-rich strategy is a problem: "The
state has the largest decline of high-paying
jobs. Most of the new jobs are lower wages," says
Reed.

You don't say. Voting with their rich feet, an
idea whose time has come. Time to dance like a
butterfly...

First they left New York for New Jersey, now
they're leaving New Jersey. Does anyone know
where they went from Detroit?

Karma.

Warms my cockles.

All is right with the world.

Full article.