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Friday, April 25, 2014

EDITORIAL: Voting with one’s feet shows folly of liberal economic policies

America’s shifting population map proves the obvious

Once-big and powerful states are shrinking. Suffocating under the weight of liberal policies, powerhouse states have atrophied into uncompetitive and unwelcoming weaklings.

It’s all laid out in a report by the American Legislative Exchange Council. Co-authored by Arthur Laffer, a Reagan economic adviser, and Stephen Moore, an economist at the Heritage Foundation, the report titled “Rich States, Poor States” identifies key ingredients of a thriving economy: low personal and corporate income-tax rates, reasonable property- and sales-tax burdens, restraint on the number of government employees and curbs on state spending.

Conversely, big-government policy decisions such as onerous tax burdens, an elevated minimum wage and high rates of public debt have put people and businesses to flight.

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