John Seiler writes:
California’s stagnating economy suffered more bad news by ranking 47th of the 50 states for economic outlook. The ranking comes from the new, fourth edition of “Rich States, Poor States: The ALEC-Laffer State Economic Competitiveness Index.” It combines 15 economic rankings, such as top marginal personal income tax rate and average workers’ compensation costs.
I received an advanced copy of the rankings, and will discuss them here. It will be released tomorrow, June 22, by the American Legislative Exchange Council, a nonpartisan group of state legislators. I’ll put up a link to it then.
My favorite line: "The only states ranking worse on the economic outlook were New York, rock-bottom 50th, followed by Vermont and Maine. Along with California, all are high-tax, high-regulation, jobs-killing states. The three other states have bad weather." Click here to read more.