Tuesday, March 3, 2015

Minnesota Miracle-Not!

The Huffington Post, that great comedic website, is out with another whopper. This time trying to explain why Minnesota Governor Mark Dayton's massive $2.1 billion tax increase to close a $627 million deficit (you read that right) in 2013 made such great sense. Of course, Dayton isn't through as he's now proposing more taxes even with a surplus of $1.9 billion. Do I see a trend here?

Amidst the feeble minds at Huff Post, taxes are good in times of deficit or surplus. Why they even promote a growing economy. Really? Check out the chart above courtesy of this Star Tribune post (http://www.startribune.com/blogs/277231662.html) via the Bureau of Labor Statistics in September of 2014. Seems Minnesota under Gov. Dayton ranks dead last in all the Midwest for private sector job growth. Hmm...

The fact is, no matter how many people government hires (the state's largest employer) you still have to have someone paying the bills and all of the capital taken out of the private sector is killing productivity and wage growth in the land of 10,000 taxes. But then again, the Huff Post never did let facts get in the way of a good joke.

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