MSNBC's Hall Notes 'Boom Towns' in South, Fails to Consider Low Taxes May Be to Credit
MSNBC "NewsNation" anchor and Texas native Tamron Hall was delighted to find that four Lone Star cities made it to Forbes.com's list of "The Next Big Boom Towns in the U.S."
"Forbes [magazine] says many of the cities on the list have some of the best job creation records in the nation," Hall noted as she introduced contributor Joel Kotkin, who authored the July 6 piece.
Kotkin identified the nation's new 10 boom towns, five of which are in states without a personal income tax (Florida and Texas) and one, Nashville, Tenn., where the state levies person taxes only on dividend and interest, but not salary or wage, income.
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What's more, the five states represented in Kotkin's top 10 -- excluding the District of Columbia which also made the list -- fared well in George Mason's Mercatus Center's "Freedom in the 50 States" survey released on July 7.
Yet neither Hall nor Kotkin spent any time in their three-and-a-half minute segment exploring how tax and regulatory policy may be driving business expansion and hence job creation in states that are economically freer than others. Kotkin subtly hinted that #6 boom city Washington, D.C. was explained by massive government spending, saying it was "not too hard to figure out why they're doing well."
Hall posited that the reason for population growth in many of the Southern cities on the list was a lower cost-of-living, although she failed to explore if tax and regulatory policy were partly to credit for that:
Are we seeing this migration to the South because of, for example, you get more for your money if the housing market is doing well in that state, for example. I mean, when you look at what you get in New York City compared to what you can get in Raleigh, the ease of life also as you factor it in, is that what we're seeing here: People migrating to quite honestly where they money may go further?
Towards the end of the segment, Hall noted that San Francisco, Los Angeles, Chicago, and New York City were at the bottom of the Forbes list. Again, neither Hall nor Kotkin examined how tax and regulatory policies are hurting those iconic metropolitan areas.
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Comments
They didn't ask the question why...
Submitted by g00se99 on Thu, 07/14/2011 - 5:09pm.
because that would require thinking.
Good to be close to Uncle Sam when stimulus funds start flying
Submitted by upcountrywater on Thu, 07/14/2011 - 5:30pm.
DC Boom town for bureaucrats.
Maybe a private limo company, building bullet resistant state owned limos.
You Didn't Build That.
Lower Standard of Living
Submitted by LSBeene on Thu, 07/14/2011 - 6:33pm.
The deliberately-stuck-on-stupid moment about people moving to where there is a lower standard of living part is this:
MANY people move to New York City because of higher wages. While the cost of living is higher, when 10% of my income is left over in NYC, versus 10% of my income while living in rual Alabama - the 10% left over from NYC is higher.
Also - when people move to an area with a lower standard of living, it means their WAGES are lower. So, yes, it's cheaper to live there, but it does not mean their salary is the same as when they are living and working in a high income area.
It's a non-sequitor argument that anyone who has ever considered relocating for a job would know. And the stuck-on-stupid part is that almost all talking head journalists MOVED TO NYC for the job opportunities and higher pay - but are paying higher rent and taxes, and therefore KNOW THIS.
It's annoying the self-serving propaganda these people deliberately put out.
Oh yes, and lots extra bureaucrats , to suck-up your earnings.
Submitted by upcountrywater on Thu, 07/14/2011 - 6:45pm.
bureaucrats, under every rock and bug.
You Didn't Build That.
Exodus
Submitted by Jerry Mack on Thu, 07/14/2011 - 7:13pm.
I can only speak for Californians that are leaving for Arizona,Texas and Nevada. The property, sales and state income taxes are lower. So are house prices. Way lower. Many, many businessess? are leaving Ca. for Texas due to less regulations and taxes. A county in Texas is running radio ads in an effort to convince bus. to move from Ca.
You know I think Tamron is one very attractive lady but
Submitted by gmaniac1 on Fri, 07/15/2011 - 10:53pm.
her like other Fox defectors went downhill after they left/were dismissed.