OT: Estimated state budget deficit reaches $25.4 billion

[bearishgurl]

[quote=Zeitgeist]Thanks EconPro. For all the business friendly States, there might also be a downside like tornadoes or some other catastrophe worse than our earthquakes and fires. I read most of that thread and I am inclined to agree with a lot of it, but if you are not worried about schools have you ever looked at Montana or Wyoming and I know they are cold. Other than that, what say you?[/quote]

From my frequent visits to WY, my opinion is that it is very windy most days of the year and intermittently inhospitable to humans 9+ months per year.

If you can keep a case of hairspray handy and hold on tight when you’re pumping gas, then you can survive. Or better yet, just wear a hat all the time and forget it. The folks up there have lost interest in “looking good.” They’re just trying to survive. There’s no reason whatever to wash your car between September and June, either. Vehicles in (or coming out of WY) are the dirtiest in the nation, and their drivers don’t care! Why?? Triple semi-tractor trailers RULE I-80 and I-25. The number 1 rule of the road there is, “Move over, cuz whoever’s biggest wins,” especially in snow and ice. Heed this rule, or you won’t be around to tell of your “WY road experiences.” After tractor trailers, the next thing in order that will take precedence in your attentions will be SHEEP. WY has more sheep than humans in residence. When they decide to cross the road, you must stop and wait. They may or may not have a sheepherder accompaniment. If it takes them an hour to cross the road, so be it! You, as a human, weren’t in a hurry, anyway.

If you’re a wildlife photographer, just build yourself a heated yurt in the wilds and have at it. Your subjects will come to you.

[EconProf]

Way OT here, but yeah, WY is truely windy. Years ago I biked through it on a cross-country trip and the prevailing westerly wind literally pushed me across the state.
If income tax rates are your consideration, WY and South Dakota have none. SD is especially business friendly and its biggest city, Sioux Falls, has attracted big banking and credit card companies and grown in population about 40% in the last decade. Lots of the amenities, shopping, and culture there, and a civic-minded Scandanavian/German heritage, clean government, etc. North Dakota, with a sub-4% unemployment rate is also business-friendly with a rapidly growing energy sector. Both states are propelled by the farm sector, which is booming thanks to the world’s demand for commodities. Grain prices have outpaced gold lately, so farm land is soaring in price–perhaps 50% in the past three years. Farmers with land holdings often cash out in their fifties and sixties and build a McMansion in town and retire millionaires. Accordingly, the cities in these agricultural states are thriving (but not the smaller towns, which are still depopulating).

Income taxes aren’t everything, however, since states often have high sales (Nevada) or property (Texas) taxes to make up for no income taxes. But for the very rich, California’s steeply progressive taxes and high top rate of over 10% are making many Californians establish residence for tax purposes anywhere else, i.e. in Nevada. California’s capital gains taxes are especially onerous. I sold one long-held property here without a 1031 exchange, and my CA capital gains tax was two-thirds the size of the federal capital gains tax.

[EconProf]

Way OT here, but yeah, WY is truely windy. Years ago I biked through it on a cross-country trip and the prevailing westerly wind literally pushed me across the state.
If income tax rates are your consideration, WY and South Dakota have none. SD is especially business friendly and its biggest city, Sioux Falls, has attracted big banking and credit card companies and grown in population about 40% in the last decade. Lots of the amenities, shopping, and culture there, and a civic-minded Scandanavian/German heritage, clean government, etc. North Dakota, with a sub-4% unemployment rate is also business-friendly with a rapidly growing energy sector. Both states are propelled by the farm sector, which is booming thanks to the world’s demand for commodities. Grain prices have outpaced gold lately, so farm land is soaring in price–perhaps 50% in the past three years. Farmers with land holdings often cash out in their fifties and sixties and build a McMansion in town and retire millionaires. Accordingly, the cities in these agricultural states are thriving (but not the smaller towns, which are still depopulating).

Income taxes aren’t everything, however, since states often have high sales (Nevada) or property (Texas) taxes to make up for no income taxes. But for the very rich, California’s steeply progressive taxes and high top rate of over 10% are making many Californians establish residence for tax purposes anywhere else, i.e. in Nevada. California’s capital gains taxes are especially onerous. I sold one long-held property here without a 1031 exchange, and my CA capital gains tax was two-thirds the size of the federal capital gains tax.

[EconProf]

Way OT here, but yeah, WY is truely windy. Years ago I biked through it on a cross-country trip and the prevailing westerly wind literally pushed me across the state.
If income tax rates are your consideration, WY and South Dakota have none. SD is especially business friendly and its biggest city, Sioux Falls, has attracted big banking and credit card companies and grown in population about 40% in the last decade. Lots of the amenities, shopping, and culture there, and a civic-minded Scandanavian/German heritage, clean government, etc. North Dakota, with a sub-4% unemployment rate is also business-friendly with a rapidly growing energy sector. Both states are propelled by the farm sector, which is booming thanks to the world’s demand for commodities. Grain prices have outpaced gold lately, so farm land is soaring in price–perhaps 50% in the past three years. Farmers with land holdings often cash out in their fifties and sixties and build a McMansion in town and retire millionaires. Accordingly, the cities in these agricultural states are thriving (but not the smaller towns, which are still depopulating).

Income taxes aren’t everything, however, since states often have high sales (Nevada) or property (Texas) taxes to make up for no income taxes. But for the very rich, California’s steeply progressive taxes and high top rate of over 10% are making many Californians establish residence for tax purposes anywhere else, i.e. in Nevada. California’s capital gains taxes are especially onerous. I sold one long-held property here without a 1031 exchange, and my CA capital gains tax was two-thirds the size of the federal capital gains tax.

[EconProf]

Way OT here, but yeah, WY is truely windy. Years ago I biked through it on a cross-country trip and the prevailing westerly wind literally pushed me across the state.
If income tax rates are your consideration, WY and South Dakota have none. SD is especially business friendly and its biggest city, Sioux Falls, has attracted big banking and credit card companies and grown in population about 40% in the last decade. Lots of the amenities, shopping, and culture there, and a civic-minded Scandanavian/German heritage, clean government, etc. North Dakota, with a sub-4% unemployment rate is also business-friendly with a rapidly growing energy sector. Both states are propelled by the farm sector, which is booming thanks to the world’s demand for commodities. Grain prices have outpaced gold lately, so farm land is soaring in price–perhaps 50% in the past three years. Farmers with land holdings often cash out in their fifties and sixties and build a McMansion in town and retire millionaires. Accordingly, the cities in these agricultural states are thriving (but not the smaller towns, which are still depopulating).

Income taxes aren’t everything, however, since states often have high sales (Nevada) or property (Texas) taxes to make up for no income taxes. But for the very rich, California’s steeply progressive taxes and high top rate of over 10% are making many Californians establish residence for tax purposes anywhere else, i.e. in Nevada. California’s capital gains taxes are especially onerous. I sold one long-held property here without a 1031 exchange, and my CA capital gains tax was two-thirds the size of the federal capital gains tax.

[EconProf]

Way OT here, but yeah, WY is truely windy. Years ago I biked through it on a cross-country trip and the prevailing westerly wind literally pushed me across the state.
If income tax rates are your consideration, WY and South Dakota have none. SD is especially business friendly and its biggest city, Sioux Falls, has attracted big banking and credit card companies and grown in population about 40% in the last decade. Lots of the amenities, shopping, and culture there, and a civic-minded Scandanavian/German heritage, clean government, etc. North Dakota, with a sub-4% unemployment rate is also business-friendly with a rapidly growing energy sector. Both states are propelled by the farm sector, which is booming thanks to the world’s demand for commodities. Grain prices have outpaced gold lately, so farm land is soaring in price–perhaps 50% in the past three years. Farmers with land holdings often cash out in their fifties and sixties and build a McMansion in town and retire millionaires. Accordingly, the cities in these agricultural states are thriving (but not the smaller towns, which are still depopulating).

Income taxes aren’t everything, however, since states often have high sales (Nevada) or property (Texas) taxes to make up for no income taxes. But for the very rich, California’s steeply progressive taxes and high top rate of over 10% are making many Californians establish residence for tax purposes anywhere else, i.e. in Nevada. California’s capital gains taxes are especially onerous. I sold one long-held property here without a 1031 exchange, and my CA capital gains tax was two-thirds the size of the federal capital gains tax.

[BigGovernmentIsGood]

[quote=EconProf]On the other hand, if you want a job, move to North Dakota or Texas, where the unemployment rates are 3.7% and 8.1%, respectively.[/quote]

No one wants to move to North Dakota. As for Texas, that state is turning into an environmental wasteland:

ARGYLE — Kelly Gant once worked for an oil refinery in Port Arthur — an area nicknamed “Explosion Coast” and “Cancer Alley.”

When she left the job, the company was in the midst of a $200 million government-mandated soil cleanup project, she said. She couldn’t flee fast enough.

Gant and her husband settled in Argyle, thinking it would be an ideal place to raise a family. Fifteen years later, she feels like she’s back in harm’s way.

Since gas drilling began near Argyle High School in recent weeks, her daughter has experienced severe symptoms of asthma, a condition she had controlled for years, Gant said. Twice in the last two weeks, Gant said, she had to pull her daughter out of high school marching band practices because of dense fumes on the field.

http://www.dentonrc.com/sharedcontent/dws/drc/localnews/stories/DRC_Argyle_Drilling_1024.1bd9f97c2.html

YAY! for deregulation and all its wonderful benefits.

[BigGovernmentIsGood]

[quote=EconProf]On the other hand, if you want a job, move to North Dakota or Texas, where the unemployment rates are 3.7% and 8.1%, respectively.[/quote]

No one wants to move to North Dakota. As for Texas, that state is turning into an environmental wasteland:

ARGYLE — Kelly Gant once worked for an oil refinery in Port Arthur — an area nicknamed “Explosion Coast” and “Cancer Alley.”

When she left the job, the company was in the midst of a $200 million government-mandated soil cleanup project, she said. She couldn’t flee fast enough.

Gant and her husband settled in Argyle, thinking it would be an ideal place to raise a family. Fifteen years later, she feels like she’s back in harm’s way.

Since gas drilling began near Argyle High School in recent weeks, her daughter has experienced severe symptoms of asthma, a condition she had controlled for years, Gant said. Twice in the last two weeks, Gant said, she had to pull her daughter out of high school marching band practices because of dense fumes on the field.

http://www.dentonrc.com/sharedcontent/dws/drc/localnews/stories/DRC_Argyle_Drilling_1024.1bd9f97c2.html

YAY! for deregulation and all its wonderful benefits.

[BigGovernmentIsGood]

[quote=EconProf]On the other hand, if you want a job, move to North Dakota or Texas, where the unemployment rates are 3.7% and 8.1%, respectively.[/quote]

No one wants to move to North Dakota. As for Texas, that state is turning into an environmental wasteland:

ARGYLE — Kelly Gant once worked for an oil refinery in Port Arthur — an area nicknamed “Explosion Coast” and “Cancer Alley.”

When she left the job, the company was in the midst of a $200 million government-mandated soil cleanup project, she said. She couldn’t flee fast enough.

Gant and her husband settled in Argyle, thinking it would be an ideal place to raise a family. Fifteen years later, she feels like she’s back in harm’s way.

Since gas drilling began near Argyle High School in recent weeks, her daughter has experienced severe symptoms of asthma, a condition she had controlled for years, Gant said. Twice in the last two weeks, Gant said, she had to pull her daughter out of high school marching band practices because of dense fumes on the field.

http://www.dentonrc.com/sharedcontent/dws/drc/localnews/stories/DRC_Argyle_Drilling_1024.1bd9f97c2.html

YAY! for deregulation and all its wonderful benefits.

[BigGovernmentIsGood]

[quote=EconProf]On the other hand, if you want a job, move to North Dakota or Texas, where the unemployment rates are 3.7% and 8.1%, respectively.[/quote]

No one wants to move to North Dakota. As for Texas, that state is turning into an environmental wasteland:

ARGYLE — Kelly Gant once worked for an oil refinery in Port Arthur — an area nicknamed “Explosion Coast” and “Cancer Alley.”

When she left the job, the company was in the midst of a $200 million government-mandated soil cleanup project, she said. She couldn’t flee fast enough.

Gant and her husband settled in Argyle, thinking it would be an ideal place to raise a family. Fifteen years later, she feels like she’s back in harm’s way.

Since gas drilling began near Argyle High School in recent weeks, her daughter has experienced severe symptoms of asthma, a condition she had controlled for years, Gant said. Twice in the last two weeks, Gant said, she had to pull her daughter out of high school marching band practices because of dense fumes on the field.

http://www.dentonrc.com/sharedcontent/dws/drc/localnews/stories/DRC_Argyle_Drilling_1024.1bd9f97c2.html

YAY! for deregulation and all its wonderful benefits.

[BigGovernmentIsGood]

[quote=EconProf]On the other hand, if you want a job, move to North Dakota or Texas, where the unemployment rates are 3.7% and 8.1%, respectively.[/quote]

No one wants to move to North Dakota. As for Texas, that state is turning into an environmental wasteland:

ARGYLE — Kelly Gant once worked for an oil refinery in Port Arthur — an area nicknamed “Explosion Coast” and “Cancer Alley.”

When she left the job, the company was in the midst of a $200 million government-mandated soil cleanup project, she said. She couldn’t flee fast enough.

Gant and her husband settled in Argyle, thinking it would be an ideal place to raise a family. Fifteen years later, she feels like she’s back in harm’s way.

Since gas drilling began near Argyle High School in recent weeks, her daughter has experienced severe symptoms of asthma, a condition she had controlled for years, Gant said. Twice in the last two weeks, Gant said, she had to pull her daughter out of high school marching band practices because of dense fumes on the field.

http://www.dentonrc.com/sharedcontent/dws/drc/localnews/stories/DRC_Argyle_Drilling_1024.1bd9f97c2.html

YAY! for deregulation and all its wonderful benefits.

[BigGovernmentIsGood]

[quote=EconProf]True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits.[/quote]

LMFAO! Please name one of these magical ‘true conservatives’. Are you talking about Rand Paul who recently came out in favor of earmarks, opposes a woman’s right to choose, and is in favor of BP’s continued destruction of the environment?

You people who believe in ‘true conservatives’ are incredibly easy to fool. All shysters like Rand have to do is whisper ‘smaller government’ in your ear and the next thing you know he’s saying “I’ll call you” as he walks out the door and you’re left confused and alone.

[BigGovernmentIsGood]

[quote=EconProf]True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits.[/quote]

LMFAO! Please name one of these magical ‘true conservatives’. Are you talking about Rand Paul who recently came out in favor of earmarks, opposes a woman’s right to choose, and is in favor of BP’s continued destruction of the environment?

You people who believe in ‘true conservatives’ are incredibly easy to fool. All shysters like Rand have to do is whisper ‘smaller government’ in your ear and the next thing you know he’s saying “I’ll call you” as he walks out the door and you’re left confused and alone.

[BigGovernmentIsGood]

[quote=EconProf]True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits.[/quote]

LMFAO! Please name one of these magical ‘true conservatives’. Are you talking about Rand Paul who recently came out in favor of earmarks, opposes a woman’s right to choose, and is in favor of BP’s continued destruction of the environment?

You people who believe in ‘true conservatives’ are incredibly easy to fool. All shysters like Rand have to do is whisper ‘smaller government’ in your ear and the next thing you know he’s saying “I’ll call you” as he walks out the door and you’re left confused and alone.

[BigGovernmentIsGood]

[quote=EconProf]True conservatives want to limit government power, expand personal freedom, and allow businesses and individuals to create and prosper or fail according to their own merits.[/quote]

LMFAO! Please name one of these magical ‘true conservatives’. Are you talking about Rand Paul who recently came out in favor of earmarks, opposes a woman’s right to choose, and is in favor of BP’s continued destruction of the environment?

You people who believe in ‘true conservatives’ are incredibly easy to fool. All shysters like Rand have to do is whisper ‘smaller government’ in your ear and the next thing you know he’s saying “I’ll call you” as he walks out the door and you’re left confused and alone.

[Author]

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