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Raising taxes makes state fiscal crisis worse
Typical level of government intelligence to take a bad situation and make it worse. Also a good illustration of the difference between the common sense market driven thinking of private businesses and the idiotic responses by our rulers in government. For example, when airlines are having financial difficulties, they lower their fares and bring in more customers. When the Post Office (the epitome of moronic management) and State governments are losing money, they raise all of their prices, driving customers and taxpayers away. It is a fundamental tenet of basic economics that people buy more of things when prices are lower and less when they are higher. Of course, understanding the realities of economics has never been a requirement to be in positions of power. Migration from high tax states to low or no-tax states will just continue as people reach their breaking points over having their pockets picked by obnoxious politicians.
KMK
- posted by Kerry M. Kerstetter, MBA~CPA~ATP~ATA @ 3/18/2003 10:18:00 AM Send this post:
