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Americans are on the move but it is it where -- moving that's grabbing everyone's attention.
The study shows people are migraine from the last three liberal states to more free -- -- and those Americans are making more money.
John we're -- from investors business daily is here to explain that to see you.
-- -- -- -- -- -- -- -- -- -- -- -- -- -- He's done by -- -- -- senator.
Which is out of George Mason university in Virginia.
The authors are political scientists and two other universities.
At pace says strides comprehensive and as I'm data yeah I mean they looked at everything so the blood of these studies elegant business -- -- -- -- look at a few a few things Texas will show up as the most business friendly state.
For instance they looked at a wide range.
Of freedom measures so taxes regulations.
How how easy it is it to get a license to be a hairdresser.
How how well abusive -- the stayed in taking property for public use.
And person various measures of personal freedom as well.
So is very comprehensive they had dozens of of measures.
I can add New York look like the worst place to live -- -- the study that looks like a pilot to new York and around.
New York came out and -- last sunrise way below because -- high taxes they have a lot of regulations.
They of I'll live rent control in New York City that they have lived very little personal freedom as they measure -- in this study.
So yeah and every now and every measure they did pretty bad and I think what they've lost the population declined about 9% and appeared about -- ten years -- -- there's -- -- about the study was that they compared to.
Freedom to migration and income.
And what happened in New York is net migration that means more people moved out then moved in.
So unbalanced and ended up being a negative 9% over the past ten years that -- them freest -- where people migrate to what's Monterrey is in the idea.
Then the data that that they collect and what what state came out ahead.
Well the freest state was North Dakota and the second -- as was South Dakota.
Now North Dakota population was fairly steady.
Obviously has some disadvantages.
In terms of -- location and whether and that sort of thing.
California however lost 4% of its population even -- -- has great to amenities and great weather.
So and California -- came out as the second worst in terms of freedom.
-- this is to Jackson and that -- -- that dead North Dakota has again new oil business they've got to unemployment rate that hovers around about two or 3% because of its seven.
Found that lots of jobs there I was sort of thought the people what sort of -- -- California and want the sun the ocean.
Com and bad but that people change jobs.
Thing is that -- that the strongest indicator.
In their measure in terms of freedom and prosperity and growth.
Was regulatory burdens and it makes sense because businesses are looking for places that they can grow and not be overly burdened by taxes and regulations.
As so that the strongest connection was between regulatory freedom and migration and income growth.
But -- and all the states are sure -- trying to push on the corporate tax so that they can attract more business and in the course and have more jobs and have more freedom for evidence if they're not -- taxed this much so -- as I watched him people -- -- jobs.
What they found was that every freedom index was was an attraction so if you just looked at personal freedoms states that have more personal freedom had more people moving -- States -- more regulatory freedom that people moving in and saves and had more of economic freedom of people moving again.
How about and -- healthy economic state of the state it does that then one of the measure to end.
I mean that the -- that the states that were freest would be added to stronger economically or not so strong.
Yeah I mean then the what's happened of course is that.
If you lower your taxes if you keep regulations and check if you keep government spending in check in -- in check.
That you're gonna have more prosperity -- -- -- growth.
It's very contrary to the kind of policies are pursuing it is that as you're saying that -- are indicating.
Where nationwide were kind of move in the opposite direction more regulation higher taxes.
The states are great laboratory to test these economic theories and if you look at the study.
What it seems to be shown pretty clearly is that lower taxes less regulation is the way to go -- -- can -- say thank you very much.
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