Monday, February 18, 2019

Openly business hostile states

Investors Business Daily points out that New York has lost far more than Amazon's HQ2.
From 2010 to 2017, New York lost 1 million people to other states. In 2017 alone, it lost more than 160,000. And with them went tens of billions of dollars in taxable income.

And once Amazon learned that Democrats in the state senate might scuttle the massive incentive package it had arranged, it fled New York, too.

The same thing is happening in other openly business-hostile states. California saw 556,000 leave from 2010 to 2017. Illinois lost 642,000, New Jersey 201,000, Connecticut 153,000.

...If New York Gov. Andrew Cuomo wants to bring companies like Amazon to the state, here's an idea. Cut New York's taxes across the board, rein in the state's regulatory behemoth. And then get out of the way. Same goes for other anti-business states.
Read more here.

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