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Bwahahaha. no outsourcing does not occur due to the mountains of laws and regulations. Trust me, I've seen factories get outsourced out of china into other countries. Regulatory burden is minor for most businesses. Yes its there, and a factor, but you vastly overstate how much of one (with the exception of some industries that have high risks of external costs)....its all about how cheaply you can get workers. Its the race to the bottom.
Of course at a certain point you just automate the workers away.
Regulations cost small businesses as much as $10,500 per employee and large businesses as much as $7,700 per employee and that was from the SBA in the height of "deregulation" (snickers) in 2008.
Why would you "automate away" when there's still people making less than $1 per day?
Your arguments make no sense.
When are you folks going to realize you're on a planet with a bunch of other people with many of them seriously impoverished? No, not Americanized impoverished where you could only afford 1 iPhone 5C.
Vermont is not all that prosperous. It has one of the lowest per capita incomes before taxes of any state in the Union. The same is true in upstate New York above the Tappan Zee bridge. Vermont has a slower pace of life and those intagables like local arts & crafts, locally grown produce, dairy prodicts and that maple syrup (the real Mckoy). New England was settled by non-comformists who were also communitarians they lived in small villages or towns and believed that there should be an equality and that everyone should have his say in town meetings chaired by the town elders (The small d democracy)
The classic New England town his unpretetious whitewashed wood frm houses a town square, commons or green with a big church and steeple, and those town meetings to discuss problems or authorize spending were held in the church the only place in the town where everyone could be seated. A classic New Englander and an artist who pained what he saw, Norman Rockwell painted great scenes of the New England village/town
I don't know how helpful these kinds of discussions are, but the sad fact is that conservative governance doesn't seem to benefit the citizens of southern states in any meaningful way.
By every measure the southern states do badly.
There was an Urban institute study released about debt in America, which listed that more than 35% of Americans have debt reported to collection agencies.
But of course this stat isn't evenly distributed equally amongst all the states.
The southern states have the highest levels of debt by far.
Nevada, hit hard by the housing crisis, tops the list of states: 47 percent of people with a credit file have reported debt in collections. The state also has the highest average collections debt, $7,198.
Twelve other states (11 in the South) and the District of Columbia top 40 percent: Alabama, Arkansas, Florida, Georgia, Kentucky, Louisiana, Mississippi, New Mexico, North Carolina, South Carolina, Texas, and West Virginia.
Of the 100 largest metropolitan areas, five have at least 45 percent of people with collections debt: McAllen, Texas (51.7 percent); Las Vegas, Nevada (49.2 percent); Lakeland, Florida (47.3 percent); Columbia, South Carolina (45.2 percent); and Jacksonville, Florida (45.0 percent).
Only six metro areas, none in the South, have less than a quarter of people with collections debt: Minneapolisâ??St. Paul, Minnesota (20.1 percent); Honolulu, Hawaii (21.0 percent); Boston, Massachusetts (22.4 percent); Madison, Wisconsin (22.6 percent); San Jose, California (23.0 percent); and Bridgeport, Connecticut (24.5 percent).
One tries to look and say what does this conservative brand of policy get the residents of these states when compared to the rest of America, they have high poverty rates, high teen pregnancy rates, they have very low wages, very high debt, low educational attainment, more obesity, shorter life spans, fewer hospitals, fewer universities.
I mean one argument conservatives use is that the state is low cost of living, yes but the state is low cost of living because it is poorer when compared to other states. The citizens of southern states are poorer than Americans in non southern states.
If low cost of living only means more citizens in poverty and in debt what's the benefit to claiming that as a badge of honor.
And look at the cities with the lowest debt, they are all high cost if living cities like Boston, Honolulu, San Jose, Bridgeport.
So those cities have wealthier citizens and less debt.
And the trade off for all that misery is what exactly? Low state taxes income taxes for the state's wealthiest members?
Vermont 6th worst state for business ...ranks 44th of 50......suffers from business costs that are 9% above the national average. The job outlook is also weak—fifth worst in the U.S. over the next five years.
Vermont has the smallest economy in the U.S. at $26 billion.
Vermont’s fiscal policy ranks among the worst in the country. It has the fifth highest level of taxes in the country (at 11.1 percent of personal income). Property taxes are high, and selective sales taxes, largely aimed at tourists, bring in more as a percentage of the economy than in any other state except Nevada.
Vermont scores very poorly on health insurance freedom.
Vermont also has below-average respect for property rights.
Vermont also authorizes DNA samples to be taken from all felony arrestees.....some consider this an invasion of rights
btw....Vermont is one of just four states that has never sent a woman to Congress.
Vermont 6th worst state for business ...ranks 44th of 50......suffers from business costs that are 9% above the national average. The job outlook is also weak—fifth worst in the U.S. over the next five years.
Vermont has the smallest economy in the U.S. at $26 billion.
Vermont’s fiscal policy ranks among the worst in the country. It has the fifth highest level of taxes in the country (at 11.1 percent of personal income). Property taxes are high, and selective sales taxes, largely aimed at tourists, bring in more as a percentage of the economy than in any other state except Nevada.
Vermont scores very poorly on health insurance freedom.
Vermont also has below-average respect for property rights.
Vermont also authorizes DNA samples to be taken from all felony arrestees.....some consider this an invasion of rights
btw....Vermont is one of just four states that has never sent a woman to Congress.
And Vermont is going to single payer healthcare in 2017.
Yes, Vermont is terrible. They should strive to be more like California maybe ?
singlepayer (to cover its 650,000 population) would cost between 4,550,000,000 and 9,100,000,000
that would be 20% to 33% of its ENTIRE GDP
or a 15,000 to 30,000 tax bill to each taxpayer
Go read up on it. They are going there in 2017.
They will continue to use all the Fed money that comes to them.
A FICA raise of about 19% (11% employer and 8% employee) plus an additional new state tax.
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