Lone Star

As the friend who sent this to me said, "Texas is awesome!"

http://online.wsj.com/article/SB124260067214828295.html

Fill in "California" or "New Jersey" with "America" and "Texas" with "Germany", and we get back to the issue raised in this prior post:

http://2outof4.blogspot.com/2009/05/haste-makes-waste.html

Raising taxes and/or taxing both overseas and domestic earnings, will only drive businesses/people from the country/state with higher taxes.

A Barron's article this weekend stated that 20% of the workforce supplies over 80% of the tax revenue for the US. Putting pressure on and forcing these economic drivers out of their states or countries of residence makes zero economic sense.

Our elected officials should be figuring out what makes these individuals so efficient and productive, not just how to suck their profits away. The latter being an action that will ultimately either compel the top earners to leave or just reduce their will to be as productive - either of which would hurt the current tax jurisdiction in which he/she lives.

-2outof4