{"id":51,"date":"2009-08-24T18:16:35","date_gmt":"2009-08-24T22:16:35","guid":{"rendered":"http:\/\/civilsocietytrust.org\/blog\/?p=51"},"modified":"2009-09-04T08:14:04","modified_gmt":"2009-09-04T12:14:04","slug":"three-cheers-for-state-policy-competition","status":"publish","type":"post","link":"https:\/\/civilsocietytrust.org\/blog\/2009\/08\/24\/three-cheers-for-state-policy-competition\/","title":{"rendered":"Three cheers for state policy competition"},"content":{"rendered":"

There have been some amusing rumblings<\/a> about the ads that California and Nevada are shooting over each others bows.\u00a0\u00a0 So what’s the problem?\u00a0 That’s what’s supposed to happen!<\/p>\n

What a great demonstration of how competition works at some of the highest organizational levels out there — entire states.\u00a0\u00a0 How much better off would we be if states took their relative economic strengths seriously?<\/p>\n

But look at some of the reverse cases.\u00a0 In the Northeast, we have New York and New Jersey racing each other to the bottom as to who can impose the highest income taxes on their upper income earners.\u00a0\u00a0 It’s a clear blindness to the Laffer Curve<\/a> if there ever was one.<\/p>\n

It’s also a wilfull ignorance of the concept of dynamic vs. static budget analysis, that is, legislators enacting laws and regulations as if there will be no behavioral changes by the players involved. \u00a0 It goes something like this: \u00a0 “Say, let’s raise taxes on the “wealthy” by 10%, and we’ll budget a 10% increase in revenue from them. \u00a0 There aren’t enough of them to vote it down anyway, and then we can fund some nifty new programs in our budget!”<\/p>\n

When will states like California, New Jersey and New York open their eyes to the cause and effect of bloated budgets and high taxes (note, they’re the same thing) leading to businesses and individuals seeking more welcoming pastures?\u00a0\u00a0 Do they need to make such complete economic basket cases of themselves before the causality is obvious?<\/p>\n

The shame of this is that millions of people needlessly suffer the consequences in the meantime.<\/p>\n","protected":false},"excerpt":{"rendered":"

There have been some amusing rumblings about the ads that California and Nevada are shooting over each others bows.\u00a0\u00a0 So what’s the problem?\u00a0 That’s what’s supposed to happen! What a great demonstration of how competition works at some of the highest organizational levels out there — entire states.\u00a0\u00a0 How much better off would we be […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"_links":{"self":[{"href":"https:\/\/civilsocietytrust.org\/blog\/wp-json\/wp\/v2\/posts\/51"}],"collection":[{"href":"https:\/\/civilsocietytrust.org\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/civilsocietytrust.org\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/civilsocietytrust.org\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/civilsocietytrust.org\/blog\/wp-json\/wp\/v2\/comments?post=51"}],"version-history":[{"count":7,"href":"https:\/\/civilsocietytrust.org\/blog\/wp-json\/wp\/v2\/posts\/51\/revisions"}],"predecessor-version":[{"id":54,"href":"https:\/\/civilsocietytrust.org\/blog\/wp-json\/wp\/v2\/posts\/51\/revisions\/54"}],"wp:attachment":[{"href":"https:\/\/civilsocietytrust.org\/blog\/wp-json\/wp\/v2\/media?parent=51"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/civilsocietytrust.org\/blog\/wp-json\/wp\/v2\/categories?post=51"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/civilsocietytrust.org\/blog\/wp-json\/wp\/v2\/tags?post=51"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}