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Originally Posted by dc_dux
Las Vegas...a free market, low regulation model of success?
A one industry town in which the wages of the vast majority of workers (hotel and casino employees) are among the lowest of any occupation.
As a result, the city has the highest foreclosure rate in the country.
And a city that had such poorly planned growth management that if it grows much more, the city will need to ration water every day of the year.
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You are not even close to being on point.
But just for entertainment purposes:
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evada's State and Local Tax Burden Second-Lowest in Nation
Throughout the past three decades, Nevada's state and local tax burden percentage has consistently ranked among the nation's lowest, currently estimated at 7.5% of income (49th nationally), on par with the national average. Compared to the 1977 data, Nevada had a rate of 8.3% (45th nationally), dropping 0.8% overall. Currently Nevadan's pay $3,311 per capita in state and local taxes.
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The Tax Foundation - Tax Research Areas > Nevada
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According to new Census 2000 reports, Nevada and Arizona had the highest rates of net inmigration from other states between 1995 and 2000 and many of their new residents came from California.
In census-speak, "inmigration" means people moving in from other places, while "outmigration" means people leaving for greener pastures.
Nevada easily led all states with the highest rate of net inmigration between 1995 and 2000, gaining 151.5 people for every 1,000 residents. Besides Nevada and Arizona (which gained 74.3 migrants per 1,000), other states with high levels of net inmigration were Georgia (48.6), North Carolina (48.4), Florida (44.0) and Colorado (43.8).
States that saw the greatest rate of departing (outmigrating) citizens included the District of Columbia (which lost 81.7 people per 1,000 residents), Hawaii (65.4), Alaska (51.0), New York (48.8) and North Dakota (40.6).
Other interesting details from the new census reports included:
Many of the inmigrants to Nevada, Arizona and other fast-growing states were came California, which had a net outmigration of 755,000 people to other states between 1995 and 2000 second only to New York, which had a net outmigration of 874,000.
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Scores Leave California for Nevada and Arizona
Bet you think I am going off on a tangent or something, but if you are so inclined, why would people leave a high paying paradise like California to go to a place like Nevada and in particular Las Vegas?
---------- Post added at 03:28 PM ---------- Previous post was at 03:20 PM ----------
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Originally Posted by Baraka_Guru
Well, I think he cheated. I think he had help.
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We have been here before and you still seem to be unwilling to explore the real differences between wealth creators and those who get wealthy from others. Once you accept that there is a difference you will understand.
To be clear. an attorney can get "rich", but needs a good or thriving economy.
An accountant can get "rich", but needs a good or thriving economy.
A restaurant owner can get "rich", but needs a good or thriving economy.
Etc.
Etc.
True entrepreneurs, people who create real wealth, change the communities around them, they change the world - they improve living standards through what they do. If you penalize these people through excessive taxation you do harm, not good. People who create wealth should be nurtured, encouraged and supported.
---------- Post added at 03:56 PM ---------- Previous post was at 03:28 PM ----------
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Originally Posted by filtherton
First, anyone who is focused solely on efficiency is likely a bad businessperson (but maybe a good investor).
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Some people understand efficiency intuitively. Some can easily make the correct decisions without being a Edwards Demming guru. to me it is by definition that a good businessperson has a efficiency focus, even if it is intuitive.
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Second, anyone who'd be affected by a "tax increase on the wealthy" likely has or could easily come up with $10,000 in cash.
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The point is not $10,000 in cash. Whatever the amount there is a trade-off. Money can be invested in real business growth or it can be turned over to government.
The basic question is - where does that money do the most good for the most people?
That question should always be at the root of any tax question. If politicians made a numbers case for tax increases (one that made sense) they could easily convince people like me to pay more. It is the emotional, class warfare case that they make that rings empty.