State Income Tax and State Rankings
Recently there have been a few lists ranking cities. The Milken Institute put out one. The Brookings Institute put out one that was reported in Business Insider: Most Miserable Cities and Least Miserable Cities. Also the Urban Institute put out a list on their MetroTrends website (I found out about this one from the twitter feed of the Urbanophile).
A lot of the lists are pretty equal. They look at things like the unemployment rate, the real estate market, gross metropolitan product, and recent trends in those statistics. Texas cities have done well, California did badly, Illinois did okay (but kind of on the bad side of okay).
When I would tell people that I was thinking about moving to Texas, a lot of people would regurgitate the fact that Texas has no state income tax. A lot of people seem to think that lowering taxes is the answer to all our problems. And the source of all our goodness. But is that true?
On one of the lists, Seattle ranked pretty low. Las Vegas scored the lowest. And everything in Florida scored near the bottom. Washington, Nevada and Florida have no state income tax. If no state income tax was the answer to all the world’s problems, then why aren’t those states doing better?
On top of that, some of the states that have no income tax (like Texas, South Dakota, Wyoming and Alaska) get a lot of money by leasing land to oil and gas companies. Which sounds kind of socialist to me.
Image from Wikipedia
I found out about a web comic called
One thing that has been bugging me recently is that a lot of what is going on in technology is stupid and pointless. I think the big issues facing not only the USA, but the world as a whole are peak oil and climate change. If we don’t find something to replace fossil fuels, I think we will backslide technologically and deal with a lot of societal and geopolitical tensions.
I am sure this has been covered before, but I will post a few of my thoughts on the subject.
There was another bill submitted in Congress to punish China for pegging its currency. Personally I think China is pegging its currency, and that does give it an unfair advantage. But I think that declaring China to be a manipulator would be a mistake. I think that it could hurt the USA economically.
There has been a slight wrinkle in my plans. My car may need some work, and that will cost me money.
My plan was to post a couple of times a week. Over the past few days I have been busy with my job, and studying some new software technologies to improve my marketability.