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Murdock: Raise taxes and money walks
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Before President Barack Obama, Washington Democrats and even some invertebrate Republicans boost taxes any higher, they should read “How Money Walks.” Author Travis Brown demonstrates how Americans between 1995 and 2010 shifted some $2 trillion in wealth by abandoning California, Illinois, New Jersey and other high-tax states and unpacking in low-tax states such as Florida, Nevada and Texas.
“After spending several years mapping and analyzing these data, one correlation keeps popping up: Income moves to where it is most welcome, tax-wise,” Brown writes. “Money walks because opportunity talks.”
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