Some state laws and regulations provide great economic opportunity.
Wages will be higher, and the ability to get a raise is greater.
Entrepreneurs will be able to start a business, providing innovations and more goods and services.
Free enterprise is the greatest economic engine in the world.
Socialism kills wages, jobs, and innovation… it destroys the opportunity for the young, hurts the living standards of people with families, and is destructive to retirement plans.
That’s why people are leaving, in mass numbers, in states with bad economies and are going to the states with the best.
The American Legislative Exchange Council has released the new Alec-Laffer State Economic Competitiveness Index report.
The report followed the states for 16 years, evaluating them based on taxes:
- Income tax
- Corporate tax
- Sales tax
- Property tax
… and much more.
- Bureaucrats
- Laws that promote or hinder frivolous lawsuits
- States that have extensive regulations vs those that don’t
- Whether a state is a right to work state (join a union or not)
Fifteen different metrics were used to determine a state’s ranking in the report.
The states that follow the free market, keep taxes low, regulations low, and they give people greater freedom to make decisions—
These states create the greatest economic opportunity.
Which do you think is the best state?
The one that ranked #1 this year was Utah. It was the fastest growing state, by population—Over 18% population growth in the last decade.
Which do you think is the worst state?
The one that came in #50 this year is New York.
Here is the complete list:
1) Utah
2) North Carolina
3) Arizona
4) Oklahoma
5) Idaho
6) Nevada
7) Indiana
8) Florida
9) North Dakota 10) Wyoming
11) Texas
12) South Dakota
13) Tennessee
14) Wisconsin
15) Georgia
16) Arkansas
17) Michigan
18) New Hampshire
19) Ohio
20) Louisiana
21) Alaska
22) Colorado
23) Alabama
24) Virginia
25) West Virginia
26) South Carolina
27) Mississippi
28) Kansas
29) Missouri
30) Delaware
31) Montana
32) Iowa
33) Massachusetts
34) Kentucky
35) Connecticut
36) Nebraska
37) Pennsylvania
38) New Mexico
39) Washington
40) Rhode Island
41) Oregon
42) Maryland
43) Hawaii
44) Maine
45) Illinois
46) Minnesota
47) Vermont
48) California
49) New Jersey
50) New York
Those staying in the worst states on the list are hurting themselves, their children… And if a business they are hurting its ability to grow and prosper. That’s why thinking carefully about where to live is so critical.
We moved from one of the worst states, and what a huge difference! No regrets.
What do you think?
If you live in one of the worst states, are you thinking of moving?
If you live in one of the best states, what do you think?
Email me at [email protected]
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