Low-Tax Low-government-benefit states are not Globally competitive.
Toyota chose Canada to place their new assembly plant over locations in the U.S. that offered $millions more in incentives than Canada did. It was a dollars-and-cents decision. American workers are not as well educated as Canadian worker, and in Canada Toyota does not have to pay the massive health insurance benefits for workers because the State provides that benefit. (See Paul Krugman as well as my own earlier article Toyota Chooses Canada over Alabama/Mississippi for Auto Plant.)
This is not political rhetoric. It is accounting calculation by experts who are investing their own money.
The battle in our Texas Legislature on how to pay for education in Texas is being lost to the know-nothing, do-nothing Republicans who are penny wise and pound foolish. The No-New_Taxes Republicans are damaging the future competitiveness of Texas in the world economy by not paying for things like shipping the new text books already in the warehouse to the schools that need them.
Our Legislators are failing us badly. Again.
See also
Taxes don't slow economy, Norquist!
and
Higher taxes do not slow the economy, Part II.
No comments:
Post a Comment