It Is Not True That

Sound Money Is The Sine Qua Non Of A Prosperous Society.

You Know, Without China There Is No Wal-mart And Without Wal-mart There Is No Middle Class And Lower Class Prosperity In The United States.

There Are Lots Of Other Things That Affect State Growth Besides State Taxes. However, The Reason I Look At Taxes Is Because These Are Policy Variables That Can Be Changed By State Governments In Order To Get Better Results Than They Otherwise Had.

If You Look At The Performance Of The Zero-income-tax-rate States And The Highest-income-tax-rate States, I Believe A Large Amount Of Their Difference Is Due To Taxes. Not Only Is It True Of The Last Decade, But I Took These Numbers Back 50 Years. And, There's Not One Year In The Last 50 Where The Zero-income-tax-rate States Have Not Outperformed The Highest-income-tax-rate States.

Let Me Just Try To Give You Sort Of The Intuitive One Here On The Stimulus Funds. If You Have A Two-person Economy - Let's Imagine We Have Two Farms, And That's The Whole World, Just Two Farms. If One Of Those Farmers Gets Unemployment Benefits, Who Do You Think Pays For Him? Am I Going Way Over Your Heads Today?