Minorities Fleeing High-Tax, Democrat-Run States for High-Opportunity, Republican-Run Country

Data from the 2020 census confirms a population shift that reflects “the decade’s broad population shifts: slow growth in the Northeast and Midwest, and gains in the South and some Western states.”

The last decade’s interstate migration shift also indicated that states with higher taxes and less opportunities for job growth lost residents to lower tax states with more job opportunities.

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Commentary: What High-Tax Europe Really Looks Like

Promises are mounting in the Democratic Party’s primary debates as contenders try to outbid one another on free health care, free public education, or, in the case of Andrew Yang, just free money. Senator Elizabeth Warren plans to make college free in addition to canceling student debt for millions of people at an estimated cost of $1.25 trillion over 10 years. Senator Bernie Sanders’s “Medicare For All” bill would cost $34 trillion dollars over 10 years.

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Critics: Family-Oriented Culture, Not High Taxes, Is Why Minnesota Ranks Among Best Places to Live

by Bethany Blankley   Minnesota ranks among the top places to live in the country according to the most recent U.S. News & World Report’s annual Best States Rankings. Some political leaders are attributing Minnesota’s third-place ranking to its high taxes, but critics argue that couldn’t be further from the truth. The Center of the American Experiment compared U.S. News’ ranking with the Tax Foundation’s state’s business tax climate analysis, which ranked Minnesota eighth-worst. Minnesota’s state and local tax burden was the 11th-highest in the U.S. in fiscal 2016, according to a report produced Key Policy Data (KPD). And according to the financial watchdog Truth In Accounting, Minnesota’s finances are on a “roller coaster ride,” with every taxpayer owing $4,700 to pay off the state’s debt. “We see no strong relationship between a state’s tax burden, as measured by the Tax Foundation, and whether it is a better or worse state, according to U.S. News & World Report,” John Phelan, an economist at the Center of the American Experiment, said in a statement. “Simply put, the causal relationship of ‘high taxes [lead to a] better state,’ just does not exist,” he argues. “Washington and New Hampshire, the two states which…

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Elizabeth Warren Rolls Out Tax Plan on the Super Wealthy

by Alec Schimmel   After recently declaring her intent to run for president in 2020 earlier in January, Democratic Massachusetts Sen. Elizabeth Warren unveiled a progressive tax plan that pushes tax policy deliberations inside the Democratic Party further to the left. The proposal plans to thrust a two percent progressive annual wealth tax on households with a net worth exceeding $50 million, and an additional 1 percent tax on households with a net worth that eclipses $1 billion, according to Emmanuel Saez and Gabriel Zucman, economists from the University of California, Berkeley. Saez and Zucman’s analysis estimates Warren’s tax plan will affect approximately 75,000 households (0.1 percent) across the U.S. and raise $2.75 trillion over the next decade. This is roughly 10 times the projected earnings of the current estate and gift tax, according to The Wall Street Journal. “This doesn’t work unless all the other countries in the world join in and tax wealth because money is mobile, multi-millionaires will go somewhere else and ultimately it prevents investment in the United States and that’s what makes our economy vibrant,” said Dagen McDowell on “Mornings with Maria” Thursday. “Let’s confiscate all the wealth people earn, let’s destroy private sector incentives…

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