Check out this article at the DesMoinesRegister.com. The idea is to reverse the brain drain of young Iowans leaving the state by 100% state tax relief for all under 30 years old. This is an amazing idea, on many levels. What strikes me most about the article is that both Republicans and Democrats seem to agree with the premise, which is easily extended logically: Lower taxes, more attractive place to live. Higher taxes, not so much. Iowa is a high tax state. Check out the part about the Governor:
Vilsack, a Democrat, was keeping an open mind about the Senate Republican plan. He said it would be considered, along with a raft of other proposals from various groups to help Iowa's economy."It's early in the session. There will be other proposals. The governor appreciates the early attention to education and job creation" from both parties, said Matt Paul, the governor's spokesman. Michael Blouin, the state's economic development director, said: "I'm glad they have a package on the table. We need options. We need 'em fast."
This notion is true of nations as well... Unless we quickly cure the ills of social security in this country, the younger workers two decades from now will likely not tolerate the European-level taxation that will be required to pay off the retirees of that time... I wonder how many enterprising young workers will be willing to leave the country and strike out for greener economic pastures?
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