Another day, another weird map from a libertarian group that seems designed to debunk libertarianism. Last time it was strange assertions about freedom, today it's the Tax Foundation explaining why there are no successful businesses in California or New York:
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.
Note that it's not just sunny California or hip New York that end up in the bottom 10 here—low-unemployment, high-wage Minnesota is almost as "bad" as those states. Maryland, New Jersey, and Connecticut are three out of the four states with the highest median household income. The fourth is Alaska, whose "discover tons of oil" economic development strategy is hard to replicate.
TODAY IN SLATE
Here’s Where We Stand With Ebola
Even experienced international disaster responders are shocked at how bad it’s gotten.
It’s Legal for Obama to Bomb Syria Because He Says It Is
I Stand With Emma Watson on Women’s Rights
Even though I know I’m going to get flak for it.
It Is Very Stupid to Compare Hope Solo to Ray Rice
In Defense of HR
Startups and small businesses shouldn’t skip over a human resources department.