One of the basic rules of economics is supply and demand.
If there is an excessive quantity of an item its relative value drops, this applies not just to basic products and services, but to things such as the money supply.
Likewise if you have an item in short supply, it because more valuable and the holder of that valuable item, commodity or service can pick and choose among offers to their advantage.
This is true of jobs. Jobs are a valuable commodity, employers produce tax revenue, pay for infrastructure and allow produces to be produced in an area but most of all they attract the most valuable commodity of all, people.
Now I’ve been led to understand that there has been a shortage of jobs around this country over the last 4 years, but apparently I’ve been mistaken. Because in state after state we see the elected governments deciding they are a commodity that doesn’t need to be attracted.
Shrugging off the fiscal caution of recent years, Governor Deval Patrick proposed a $1.9 billion tax increase tonight in his State of the Commonwealth address, saying it was necessary for the state to invest more in education and the state’s transportation network to “accelerate growth and expand opportunity.”
Who knew Massachusetts was doing so well they didn’t need to attract jobs? Who knew that people like my oldest son, about to graduate from College in May after 4 solid years on the deans list, with decades of earning potential ahead of him is so common we can tax him by the mile.
And the good times are not restricted to the bay state.
P.A.T. Products, an international distributor of specialty chemicals, plastic and raw materials, has been based in Bangor for 39 years.
Leo Coyle, the company’s founder and president, told the Bangor Daily News he is moving the company’s corporate headquarters to the Pease International Tradeport in Portsmouth, N.H., because of that state’s more attractive tax structure and to be closer to his markets.
39 years in Maine, why move now?
“I’m not trying to bash Maine,” he said, adding that it’s a great place to raise children. But during his 40 years living in the state, he said he has become frustrated by what he sees as Maine’s attitude toward business and industry.
“Until the state of Maine gets their act together, there’ll be more and more and more people leaving. I’ve been watching it for 40-plus years. What do I see? I see people saying they can’t take it anymore. I’m not alone,”
Who knew Maine was doing so well they could spare him? Lets be fair, the legislature has done all it can to keep him in Maine, however that legislature has been the newly elected Democrat legislature of…
Lately they have been doing their best to keep companies there in all kinds of ways…
So the New Hampshire House just passed a bill to tack on another 0.20 cents a pack.
This ‘revenue’ will be extracted from predominantly middle and lower income people, but the left has an excuse.
With the lessened taxes: Based on the rates scheduled to go into effect on July 1, 2015, the Department states revenue produced per fiscal year would be $1,529,580. Yes, this is the Republican law
With the Democrat tax hike: Based on the current number of vessel registrations, the Department states the fees in effect produce $3,059,160 of revenue per fiscal year.
By vote of 186 to 165 the Democrat controlled New Hampshire House passed a 25% increase in New Hampshire’s fuel oil tax.
Tomorrow there is a hearing (10am – LOB 301) for HB 330. HB 330 would allow any county delegation in New Hampshire to adopt a ‘County Income tax’ to be administered by the New Hampshire Department of Revenue Administration
And of course a gas tax
All of us are, or should be, concerned over the necessity of the $1 billion gas tax increase in HB 617. Many of us are looking for an alternative that will address the requirement that we maintain our highways and bridges while avoiding what apparently would be the biggest tax increase in New Hampshire history.
And all of that is after only 5 months of Democrat control!
Who knew that in this short period of time New Hampshire has become such a strong state that they don’t need all those business and people from Maine Massachusetts, Vermont, Rhode Island, and New York to consider relocating in New Hampshire in the future?
And such prosperity isn’t limited to the east. Let’s look west to…
Colorado is in such good shape Gov Hickenlooper he can afford to sign this…
Colorado’s governor signed bills Wednesday that place new restrictions on firearms, signaling a change for Democrats who have traditionally shied away from gun control in a state with a pioneer tradition of gun ownership and self-reliance
even though it leads to this
Ammunition magazine manufacturer Magpul Industries said it plans to begin leaving Colorado “almost immediately,” and other firms may follow suit in the wake of a new law that limits ammunition magazine capacities.
“Our moving efforts are underway,” Magpul chief operating officer Doug Smith said Wednesday. “Within the next 30 days we will manufacture our first magazine outside the state of Colorado.”
Who knew Colorado was doing so well they could spare businesses like Magpul and Lawrence Tool & Molding…
“We’re basically going to follow Magpul and do our best to continue being a supplier for them,” said Lloyd Lawrence, owner of Denver-based Lawrence Tool & Molding. “It will probably be out of state.”
Lawrence said about 50 to 60 percent of his business comes from supplying magazine parts to Magpul.
Denver-based Alfred Manufacturing Co., employs 150 residents. It, too, will “relocate part or all of our operations out of state” if Democrat Gov. John Hickenlooper enacts the stringent gun-control regime pushed by Biden and company. The company has already put expansion plans on hold.
And of course we can’t leave out the state doing the absolute best of them all, California, which is doing so well it can spare the rich:
With the new year, big earners are confronting a 51.9 percent federal-state income tax hit on earnings over $1 million, the result of a confluence of new tax-the-rich levies imposed by California and Congress in the closing days of 2012. That is officially the highest in the nation.
Campbell Soup announced in September that it was closing its 65-year-old plant in Sacramento, which employed 700 workers, and shifting production to North Carolina, Ohio and Texas. Chevron is moving 800 technical positions—in other words, jobs that aren’t physically stationed on California rigs—to Houston.
Non-manufacturing businesses are also moving or expanding operations where labor, land, energy and capital are cheaper. Comcast announced in the fall that it is moving 1,000 call-center jobs out of California because of the “high cost of doing business.” Facebook, eBay EBAY and LegalZoom have opened up Texas offices in the past few years, while PayPal, Yelp and Maxwell Technologies MXWL have pushed into Phoenix.
and of course the average person
Even while California’s Hispanic population has grown by more than 1.5 million since 2005, thanks to high birth rates and foreign immigration, two Hispanics have moved out for every one that has moved in from another state. By contrast, four Hispanics from other states have settled in Texas and Arizona for every three that have left.
It’s not unusual for immigrants or their descendants to move in pursuit of a better life. That’s the history of America. But it is ironic that many of the intended beneficiaries of California’s liberal government are running for the state line—and that progressive policies appear to be what’s driving them away.
It’s gratifying to see that these states and others are so prosperous they can spare not only the jobs, but the workers who these companies employ that fuel economic growth, and in the fashion of true Christian charity they are giving other states a chance to get those jobs they can spare
So if anyone tells you that New England, Colorado, California and all those blue states are doing bad, don’t buy it, they’re just doing so well they simply don’t need the jobs and the revenue they bring and what to share it with their less fortunate Red State neighbors
Now that’s what I call neighborly!
I’d like to say I’m doing as good as the state of Massachusetts and able to spare the tip jar hits, but while my total for the week rose 10% that added up to a $2 move from $20 to $22 out of the $300 weekly paycheck I hope to draw.
If you, unlike the GOP think conservative bloggers are worth the investment consider being one of the 14 people who can kick in $20 this week for that weekly $300 paycheck. If you think it’s worth your money and can spare that $20 feel free to hit DaTipJar below.