Good Businesses Respond to Facts, Not Adsby LAWRENCE W. REED
Mar. 11, 2014
Polish MP Schools BBC Host On Refugees: 'How Many Terror Attacks Have You Had In London?'
Protesters Blow Whistles As Trump Sends 'Thoughts And Prayers' to Rep Steve Scalise
Gohmert: FBI's Refusal to Label Scalise Shooting Terrorism Suggests DOJ Compromised by Obama Holdovers
DEMS LOSE AGAIN: Ossoff Loses Second Round EVEN HARDER Despite Spending $22 Million
Europol: Leftists Carried Out 27 Times More Terror Attacks Than Right-Wingers
“Move here, expand here, or start a new business here and pay no taxes for 10 years!” So goes the slick, nationally broadcast television ad on which New York state is spending a small fortune.
It sounds like an attractive offer, but the devil is in two big details the ads omit. One, when the 10 years are up, you’ll get socked with the highest tax burden among the 50 states. Two, taxes are just one of many reasons New York is too costly and unattractive to many entrepreneurs. It’s also home to high rates of unionization and a hostile regulatory environment. In the most recent study of state-by-state economic freedom from the Mercatus Center, New York places dead last. Georgia ranked a healthy ninth.