An Inquiry Into the Nature and Causes of the Wealth of

An Inquiry Into the Nature and Causes of the Wealth of States: How Taxes, Energy, and Worker Freedom Change Everything The evidence and arguments of this book are fantastic and there s some good tongue in cheek humor But it was a tough read as there was lots of technical babble that you need an education and interest in statistics to really get into. I d like to give this book 3.5 stars I enjoyed the data analysis It s written in that 10 Habits chatty style, but that doesn t fit with a bunch of regression analysis It should have had a glossary and one portion of notes should have been moved from the body of the book to the notes section The graphics are quite good, given the limitations of black white The final chapter which addresses common counter arguments is solid I d like to give this book 3.5 stars I enjoyed the data analysis It s written in that 10 Habits chatty style, but that doesn t fit with a bunch of regression analysis It should have had a glossary and one portion of notes should have been moved from the body of the book to the notes section The graphics are quite good, given the limitations of black white The final chapter which addresses common counter arguments is solid They say that one shouldn t look a gift horse in the mouth, and that probably means a shouldn t rate this book since it was given to me as a legislator The book was written to make the case for low taxes Mostly it compares a group of states with no income taxes with a group of states with high income taxes Not unexpectedly, the no income tax states did a lot better than the high tax states on almost every measure The authors admit at the end that they ve piled on with every possible chart They say that one shouldn t look a gift horse in the mouth, and that probably means a shouldn t rate this book since it was given to me as a legislator The book was written to make the case for low taxes Mostly it compares a group of states with no income taxes with a group of states with high income taxes Not unexpectedly, the no income tax states did a lot better than the high tax states on almost every measure The authors admit at the end that they ve piled on with every possible chart and comparision, and even a whole paragraph to address their critics The book made me remember why I dropped my economics major in college Econometrics is not for me.This is not an easy book to read As a state legislator, I appreciated the state to state comparisons, and I do believe that studying the states is a good way to determine what policies work and what policies don t work This book takes a look at the relationship between certain economic factors like taxes and regulatory burdens and compares them across different states to see how they affect prosperity and growth rates If you have athan casual level of knowledge about statistics you will getout of the discussion The authors spend a lot of time covering their methodology which itself was a very interesting part of the discussion.I thought this book was very well researched and presented with just t This book takes a look at the relationship between certain economic factors like taxes and regulatory burdens and compares them across different states to see how they affect prosperity and growth rates If you have athan casual level of knowledge about statistics you will getout of the discussion The authors spend a lot of time covering their methodology which itself was a very interesting part of the discussion.I thought this book was very well researched and presented with just the right amount of depth for the subject matter I prefer this type of book in hardback because I like to reference various tables and find it hard to flip back and forth on an e reader.Overall, I was very impressed by the methodology and I did like the chapters referencing the the criticism of the authors and their rebuttals Too many hard to read charts, tables, graphs They re necessary to illustrate the author s points But I found far too much repetition not only within chapters but among chapters Beingthan 50 years distant from a serious study of statistical measures, I was not in a position to fully comprehend some of the quantitative data produced in the analysis I happen to agree with the author s conclusions regarding the effects of high tax rates, tax burdens, certain government policies, etc Too many hard to read charts, tables, graphs They re necessary to illustrate the author s points But I found far too much repetition not only within chapters but among chapters Beingthan 50 years distant from a serious study of statistical measures, I was not in a position to fully comprehend some of the quantitative data produced in the analysis I happen to agree with the author s conclusions regarding the effects of high tax rates, tax burdens, certain government policies, etc A passionate, detailed, quantified argument for state level tax reform An Inquiry into the Nature and Causes of the Wealth of States explains why eliminating or lowering tax burdens at the state level leads to economic growth and wealth creation A passionate argument for tax reform, the book shows that even states with small populations can benefit enormously with the right policies The authors detailed exposition evaluates the impact state and local government policies have on a state s relative performance and economic growth overall, backed up with economic data and analysisFacts don t lie But they do point clearly to the failure of so called progressive tax schemes designed to curry favor with selected constituencies than to create an economic system that leads to individual wealth as the reward for hard work and entrepreneurial risk taking An Inquiry into the Nature and Causes of the Wealth of States is a detailed and critical look at income taxation across the nation, and drills down into an analysis of the economic growth or malaise that results from tax policy Arguing eloquently that a state cannot tax itself into prosperity, just as the impoverished cannot spend themselves into wealth, the authors point out what many inherently know but often fear to say out loud The book provides detailed quantitative analysis, and discusses the policy variables that can have enormous effects on the financial well being of states and individual residents, such as Personal and corporate income tax ratesTotal tax burden as a percentage of personal incomeEstate and inheritance taxesRight to work laws An Inquiry into the Nature and Causes of the Wealth of States shows everyone how to evaluate state level fiscal and economic policies to become competitive

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