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The Continuing Story of Tax Migration
The bad news is that federalism has declined in the United States as politicians in Washington have expanded the size and scope of the national government. The good news is that some federalism still...
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Will High-Value Taxpayers Vote with their Feet Against Biden?
For most of the world, American citizenship is highly coveted. Indeed, foreigners have even been willing to invest a lot of money to increase the odds of getting to the United States. But changing...
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Illinois and the Consequences of Bad Tax Policy
At the risk of understatement, Illinois is not a well-governed state. Greedy (and hypocritical) politicians have taxed and spent the state into a fiscal hole. It ranks in the top 10 for unemployment....
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Americans Are “Voting with their Feet” against High Taxes
I’ve written many times about how Americans are moving from high-tax states to low-tax states. Now we have even more evidence because the Census Bureau has issued its annual report on state population...
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People Are Voting with Their Feet Against Statism
How do we know people don’t like taxes? They tend to reject candidates who support higher taxes, as George H.W. Bush and other politicians have learned. Then tend to vote against higher taxes when...
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Americans Voting with their Feet against Statism
Federalism is very desirable because it allows different parts of the country to make different decisions, and this helps to teach us about what works. And what doesn’t. It also means Americans can...
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Illinois and Fiscal Suicide, Part II
Yesterday’s column discussed Caterpillar’s decision to move its headquarters from high-tax Illinois to low-tax Texas. Today, we have more bad news for the Prairie State. A major investment fund,...
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Attract the Best and the Brightest with Low Tax Rates
I’ve written many times about the importance of low tax rates, specifically low marginal tax rates on productive activity such as work, saving, investment, and entrepreneurship. And I’ve explained that...
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In One Chart, Everything You Need to Know about China
I’m obviously exaggerating when I write an “everything you need to know” column. But I use that kind of title when sharing a story that highlights some sort of fundamental truth. And one of my...
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Socialism and Immigration
I’ve written many columns about the migration from high-tax states to low-tax states. The obvious takeaway is that people want to move to places where they can keep more of their money. And if they...
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An Overdue Wake-Up Call for New York Democrats?
The economic outlook in New York (both the state and the city) has been very depressing in recent years. New York is ranked #50 in the Economic Freedom of North America. New York is ranked #48 in the...
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Continuing Migration from Blue States to Red States
I wrote a few days ago about how some New York Democratic politicians have awakened to the fact that it’s not a good idea to be too greedy. After all, if taxes are excessively high, the geese with the...
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The Negative Economic Effects of State Death Taxes
I’ve written many times about the harmful consequences of the federal death tax. Simply stated, it is both immoral and foolish for the IRS to grab as much as 40 percent of someone’s assets simply...
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Blue-to-Red Migration, Part I
I realize it’s not nice to take pleasure in the misfortune of others, but that rule does not apply when bad things happen to greedy politicians. As such, I greatly enjoy reading about when taxpayers...
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Blue-to-Red Migration, Part II
In Part I of this series, I shared some excerpts from a Wall Street Journal editorial that documented how taxpayers fleeing high-tax states such as California, New York, Illinois, and New Jersey. Where...
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Blue-to-Red Migration, Part III: The Slow-Motion Suicide of High-Tax States
In Part I and Part II of this series, we looked at how taxpayers are moving from high-tax states to low-tax states. For Part III, let’s start with a map from the Tax Foundation, which shows which...
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The Slow-Motion Suicide of New York and California
Two of the worst states for tax policy are California and New York. They have punitive income tax rates, high sales taxes, and myriad other ways of diverting money from the productive sector of the...
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China and Migration
I am not bullish about China’s economy. Even 10 or more years ago, when many people thought China was going to be the economic superpower of the 21st century, I poured cold water on those predictions....
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A Growth Agenda for the Developing World
Back in early 2009, the Center for Freedom and Prosperity released this video to explain the universal recipe for growth and prosperity. The core message, if you want to skip the six-minute video, is...
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Blue-to-Red Tax Migration, Part IV
State-to-state migration is an underappreciated issue, for both economic and political reasons. And I’ve explained that taxes play a huge role. In Part I of this series, we looked at how people – and...
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Blue-to-Red Tax Migration, Part V
Time for the final segment of my five-part series for 2023 on blue-to-red tax migration (previous versions here, here, here, and here). We’ll start with this table showing what has happened in...
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The Laffer Curve’s Latest Victim: California
The Laffer Curve is the common-sense notion that people respond to incentives. And even Paul Krugman admits this has implications for tax revenue. For instance, if tax rates increase, people may decide...
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Norway’s Class-Warfare Tax Policy is Backfiring
Class-warfare tax policy is bad news. Last year, I warned that, “rich people are not sheep, patiently waiting to be sheared. If their fiscal torture is too extreme, they will leave.” Norway is a...
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The Continuing Exodus from Blue States
Most people don’t appreciate the importance of trend lines in public policy. A country with just a little bit more growth each year will become significantly richer in the long run. A modest change in...
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Labour’s Class-Warfare Raid Will Cause Rich People to Leave the United Kingdom
I wrote a couple of days ago about the possibility of confiscatory taxes in France and whether that would lead to an exodus of upper-income taxpayer. Since that’s happened before, it’s very realistic...
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What Should Be Done with Lazy and Ungrateful Migrants?
I have conventionally libertarian views on immigration, but with a couple of caveats. The immigration system should be especially welcoming to people who are likely to increase the country’s per-capita...
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Illinois and Fiscal Suicide, Part III
In 2022, I wrote a two-part series (here and here) about fiscal decay in Illinois. I’m motivated to add Part III today because of this chart from Chris Edwards, which shows how many upper-income...
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Tax-Motivated Domestic Migration
I’m a big fan of tax competition. I cheer when jobs, investment, and people (or even booze) move from high-tax jurisdictions to low-tax jurisdictions. This increases the rewards for good policy and...
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Tax-Motivated International Migration
I wrote a few days ago about how Americans are moving from high-tax states to lower-tax states (mostly to states with no income taxes or flat taxes). Today, let’s look at international tax migration....
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Never-Ending Statism Is Responsible for India’s Dismal Economic Outlook
If you want to rigorously assess a nation’s economic outlook, investigate how it is scored based on the dozens of variables included in Economic Freedom of the World and the Index of Economic Freedom....
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