Decibel (decibel45) wrote,

Higher taxes == higher poverty

A recently released study by the Goldwater Institute in Arizona examines, state by state, changes in the rates of poverty from 1990 to 2000.

The study shows that in the last decade, the 10 states with the lowest percapita government spending had an 11.2 percent decline in poverty rates and the 10 states with the highest per capita spending had a 7.3 percent increase in poverty rates.

The 10 states with the lowest levels of taxation had a 13.7 percent decline in poverty rates and the 10 states with the highest level of taxation had a 3.04 percent increase.

Individuals who work create jobs. It's an issue of freedom and values not social engineering.

BTW, the full article reads like a GOP-sponsored attack on the Democrats... until you get to the end. I love the quote about Barney Frank:

If the newly crowned Democrats want to do better than Republicans, they should start with education. Barney Frank thinks that the nation's No. 1 problem is worrying what every one else is earning. The nation's No. 1 problem is the public school monopoly and what it is doing to inner city kids.

The New York Times reports that new studies show that, despite the ambitious goals of No Child Left Behind, reading and math performance gaps between white and black and Hispanic children are virtually unchanged. According to the Times, these new tests show "African-American and Hispanic students in high school can read and do arithmetic at only the average level of whites in junior high school.

  • On the importance of diversification...

    One of the newsletters recently made a sell recommendation on a stock that's been a huge loss. I was reading the board for that stock…

  • Pool party!

    Sunday, 2PM-???. Grill will be going and I'll have burgers and chicken, but feel free to bring something else by if you want.

  • Lets memorialize memorial day!

    Party at cowhaus, Monday, Memorial Day (the 25th). Start at 2PM. I'm going to smoke a brisket and probably do something else as well. We have some…

  • Post a new comment


    default userpic
    When you submit the form an invisible reCAPTCHA check will be performed.
    You must follow the Privacy Policy and Google Terms of use.