By Tom Quiner
Neil Diamond was wrong.
His 1979 hit song, “Forever in Blue Jeans,” famously begins:
But it don’t sing and dance
And it don’t walk.
Sorry, Neil, money does walk if taxes go up too much.
Legislators always want more of our money. They think that raising taxes doesn’t affect behavior. John Stossel’s chart above shows they are wrong.
Money migrates to states that let their citizens keep more of it. Mr. Stossel’s chart simply quantifies human nature.
If states want to be more fiscally responsible, suggests this chart, let people keep more of their own money. Even more money will follow.