Following is a video from economist Arthur Laffer which describes in real simple terms the impact of disparities in different states’ tax environment. It’s relevant information to consider in light of Oregon’s measure 66 and 67, but also interesting to think about in general. While many small to mid-size business owners won’t move to another country if there are marginally unfavorable tax conditions in the US versus other countries, there tends to be far less reluctance to move businesses from one state to another. A couple of quotes from Arthur in this video that I like: “You can’t tax a state into prosperity” and “It’s not Democrat, it’s not Republican, it’s common sense economics.”
Check it out:
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