An Inquiry into the Nature and Causes of the Wealth of States

A passionate, detailed, quantified argument for state-leveltax reformAn Inquiry into the Nature and Causes of the Wealth ofStates explains why eliminating or lowering tax burdens at thestate level leads to economic growth and wealth creation. Apassionate argument for tax reform, the book shows that even stateswith small populations can benefit enormously with the rightpolicies. The authors' detailed exposition evaluates theimpact state and local government policies have on a state'srelative performance and economic growth overall, backed up witheconomic data and analysis.Facts don't lie. But they do point clearly to the failureof so-called progressive tax schemes designed more to curry favorwith selected constituencies than to create an economic system thatleads to individual wealth as the reward for hard work andentrepreneurial risk taking. An Inquiry into the Nature andCauses of the Wealth of States is a detailed and critical lookat income taxation across the nation, and drills down into ananalysis of the economic growth or malaise that results from taxpolicy. Arguing eloquently that a state cannot tax itself intoprosperity, just as the impoverished cannot spend themselves intowealth, the authors point out what many inherently know but oftenfear to say out loud. The book provides detailed quantitativeanalysis, and discusses the policy variables that can have enormouseffects on the financial well-being of states and individualresidents, such as:* Personal and corporate income tax rates* Total tax burden as a percentage of personal income* Estate and inheritance taxes* Right-to-work lawsAn Inquiry into the Nature and Causes of the Wealth ofStates shows everyone how to evaluate state-level fiscal andeconomic policies to become more competitive.