A couple of days ago I posted on the issue of economic development through the government. This should add interest to that post:
If there were a handbook produced for state lawmakers entitled "Economic Growth: How Best to Stop It Without Making Voters Think That's What You Want," it would promote high progressive tax rates to care for the poor and high regulations on business to protect people. There's no better way for states to rid themselves of the people responsible for the lion's share of state revenues, both directly through paying their taxes and indirectly through growing the state's economy. That is a lesson that resounds in a new study by the American Legislative Exchange Council written by Dr. Arthur B. Laffer and Stephen Moore.
In their study, "Rich States/Poor States: The ALEC-Laffer State Economic Competitiveness Index," Laffer (yes, the Dr. Laffer of Laffer Curve fame and Reagan's supply-side revolution) and Moore (economist and editorial board member of The Wall Street Journal) analyze the fifty states' economic competitiveness against free-market principles and sixteen factors they identify as affecting a state's competitiveness (many different types of taxes, state debt, the quality of the state's legal system, the state's minimum wage, worker's compensation costs, whether it is a right-to-work state, its recent tax policy changes, etc.).
Laffer and Moore also provide a "State Roadmap to Prosperity" in which they show how relatively low taxes and regulations give people more reasons to work, increasing incomes, investment and employment and bringing more people to the state. Of importance in this politically polarized climate, Laffer and Moore show that the issues aren't partisan. They highlight Democrats for growth and tax cuts in Rhode Island (which recently went from the third to 27th highest income tax in the nation), Arizona, Oklahoma, Virginia, and New Mexico, where Gov. Bill Richardon cut income taxes significantly, declaring "businesses move to states where taxes are falling, not rising."
Here is a link to the findings in regard to South Dakota. We rank number 1 on income taxes and 22 on property taxes, but 41 on sales taxes (based on tax per $1,000 of income). I am sure the liberals are going to call that regressive. But they should note that South Dakota is 33 in regard to public employees per 10,000 in population.
Fiscal conservatives should take note when we have RINOs in control of the state GOP. South Dakota is 41 in "Legislated New Taxes" per $1,000 in income for the years 2005 and 2006.
Social conservatives should take note of South Dakota’s 31st ranking in "Education Freedom Index Score" which is based on vouchers and ease of private/homeschooling. And that rating would be a lot worse if it took into account the RINO's attempt over the last two legislative sessions to have the government take over preschools and day cares.
Looks like there is much for conservatives to do if we want South Dakota on the road to prosperity. Education reform and reducing the size of government are two very important issues that the SDCAC has as goals. RINOs like Pat Powers need to called out for being a CINO (Conservative In Name Only) when claiming to be a conservative in one breath and attacking the SDCAC in the next. Here is the proof:
There’s a conservative ideology, and those that subscribe to it, such as myself. On this website, the SDWC espouses a conservative ideology. Bob Ellis espouses it over at Dakota Voice. Gideon Oakes is one of the newest to the blogosphere to espouse that ideology, and there are several others.
I’m not sure what Sibby’s espousing, (or dribbling from his chin as he barfs back Rush) but if he wants to call it conservatism, so be it.
See my post on Limbaugh’s 20 year celebration to understand that one who claims to be a conservative while attacking Rush Limbaugh is by definition a CINO. Now Pat Powers has graduated to the status of a RINO-CINO, the worst enemy of conservatism, freedom, prosperity, and traditional America.
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