California taxpayers don’t get much bang for their bucks. While high taxes could be OK when public services are plentiful and high quality, California now exemplifies the new Big-Spending, High-Taxing, Lousy-Services Paradigm.
Read the William Voegli paper here .
My comment: one suspects that high taxes European countries follow or surpass the same Californian model. States’ real productivity has probably reached a phase of decreasing returns.
Hat tip to Tyler Cowen (Marginal Revolution).
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