Wednesday, March 30, 2011

Just Dumb

Nobody I know thinks New Jersey is a little piece of heaven. That said, wouldn't you suppose a person with substantial resources (aka, "rich") could find another state in which to live? Maybe even one that was nicer? Perhaps Connecticut, if being near New York City is important, or North Carolina or Florida if staying on the right coast matters?

My choice would be farther west, but then I'm a westerner, I grew up on the left coast. Why do I raise this issue at all? Because of this article, cited in Lucianne.com, written by a columnist for the (NJ) Star-Ledger. It's the old "let's soak the rich" ploy, popping up again in New Jersey.

Can we agree that stupid people rarely get rich? And also agree that the wealthy are less likely to be committed to living in a particular community than people with less means? In a country like the United States, raising taxes in one state simply causes most people with substantial taxable income to move to another state.

It sounds like the taxation version of Whack-A-Mole where states try to tax the rich who just pop up somewhere else, in another state.