Academic

EXIT AND VOICE IN ILLINOIS: Larry Ribstein on the Lame Duck tax increase. ?Obese states should rem?

By Glenn Reynolds

EXIT AND VOICE IN ILLINOIS: Larry Ribstein on the Lame Duck tax increase. “Obese states should remember that the best way to lose weight is to stop eating. This will lead to reduced services, which will anger voters. But the tax ’solution’ will drive out the most mobile residents and investors. It?s not pretty, but unfortunately for profligate governments, push has come to shove. And, by the way, the U.S. also has to worry about residents and capital markets.”

Full post as published by Instapundit.com on January 14, 2011 (boomark / email).