DCG posted: " IBD: The most liberal states in the country are the worst
run and have the widest gaps between rich and poor. Could it be that
spread-the-wealth policies make things worse? The list of worst-run states
— compiled by the news site 24/7 Wal" Respond to this post by replying
above this line
New post on *Fellowship of the Minds*
<http://fellowshipoftheminds.com/author/dcgere/> Income Inequality Is
Greatest In the Most Liberal States
<http://fellowshipoftheminds.com/2014/12/06/income-inequality-is-greatest-in-the-most-liberal-states/>
by
DCG <http://fellowshipoftheminds.com/author/dcgere/>
[image: lauren bacall]
<https://fellowshipofminds.files.wordpress.com/2014/08/lauren-bacall.png>
IBD
<http://news.investors.com/ibd-editorials/120414-729164-income-inequality-is-greatest-in-the-most-liberal-states.htm>:
*The most liberal states in the country are the worst run and have the
widest gaps between rich and poor.* Could it be that spread-the-wealth
policies make things worse?
The list of worst-run states — compiled by the news site 24/7 Wall St.
using things like pension funding, credit ratings, unemployment, poverty,
crime and high school graduation rates —* shows that three of the bottom
five are liberal*. Illinois ranks dead last, followed by New Mexico, with
Rhode Island coming in at No. 5.
[image: wealth]
<https://fellowshipofminds.files.wordpress.com/2014/12/wealth.png>
At the other end of the spectrum, *only one of the top 5 best-run states —
Minnesota — is liberal*. North Dakota comes in first, followed by Wyoming,
Nebraska and Iowa.
*Liberal states also show up, amazingly enough, as having the greatest
levels of income inequality.* That's according to another 24/7 Wall St. list
<http://247wallst.com/special-report/2014/10/22/states-with-the-widest-gap-between-rich-and-poor/>,
which based its ranking on state-level income inequality data from the
Census Bureau.
The state with the widest gap between rich and poor is New York. Also among
the top 10 are Connecticut, California, Massachusetts, Illinois and New
Jersey. *These six states also just happen to be ones that have pushed
hardest on redistributionist policies — imposing among the highest taxes
rates in the nation and spending the most on transfer programs.*
*New York, New Jersey, Connecticut and California have the heaviest state
tax burdens*, according to a separate 24/7 report, and these states are in
the top 10 when it comes to per-capita spending on pensions, Medicaid and
education. Another ranking, this one by George Mason University's Mercatus
Center — which orders states by measures of economic and personal freedom —
finds that these same six states have among the most intrusive governments.
Mercatus' latest "Freedom in the 50 States
<http://freedominthe50states.org/>" report finds that New York, California,
New Jersey, Illinois, along with Louisiana, have the highest regulatory
burdens of all 50 states. Look at any other ranking of business
friendliness, and you'll see all the same states pooling at the bottom.
It is true, as the 24/7 article notes, that the states with the biggest
income gaps tend to have a higher share of people working in financial,
professional or scientific fields — which helps explain why four nonliberal
states show up on the inequality list.
*More unequal states also have unemployment rates higher than the national
average*, currently 5.8%. In New York, the unemployment rate is 6%;
Connecticut, 6.4%; California, 7.3%; Massachusetts, 6%; Illinois, 6.6%; and
New Jersey, 6.6%.
The 24/7 Wall St. article quotes an analyst with the liberal Economic
Policy Institute as saying that "the root of income inequality really is
the stagnation in pay and wages for the vast majority of Americans."
That's also true. But it misses the point. *The liberal policies meant to
redistribute income tend to cause that stagnation by choking off
private-sector growth, over regulating businesses, and encouraging people
to flee the state.* That, in turn keeps wages down, hurting middle- and
lower-class families far more than the rich.
That's happening at the national level, which, under President Obama's
policies, has seen stagnant wages and rising inequality. *Now if only our
president would learn this valuable lesson, we could see greater prosperity
up and down the income ladder.*
[image: Obama mocks birthers]
<https://fellowshipofminds.files.wordpress.com/2011/03/obama-laughs-300x199.jpg>
DCG
*DCG <http://fellowshipoftheminds.com/author/dcgere/>* | December 6, 2014
at 3:45 am | Categories: Economy
<http://fellowshipoftheminds.com/?cat=17656840>, Liberals/Democrats/Left
<http://fellowshipoftheminds.com/?cat=115894710>, Obama's America
<http://fellowshipoftheminds.com/?cat=12285619>, Taxes
<http://fellowshipoftheminds.com/?cat=7716108>, Welfare
<http://fellowshipoftheminds.com/?cat=17367686> | URL:
http://wp.me/pKuKY-sLj
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