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The Recusant
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An Inquiry Into the Nature and Causes of the Wealth of States (2014), by Arthur Laffer, Stephen Moore, Rex Sinquefield, and Travis Brown - Nathan Lewis - New World Economics

Nice article. As you stated early on, "There are simply too many other factors involved..." But what great fun it is to read between the numbers and come out with a plausible theory. One thing I see missing in the data is age considerations. How much of the state-by-state fluctuations is created by elders retiring and leaving the job market, moving away to warmer climes, or dying. Since age concentrations differ from state to state one might expect that the huge Baby-Boomer generation will have a dramatic effect in the future on such data. The data shown, however, shows mostly pre-retirement years of the over 60-years-of-age and may not have been effected yet by the Boomers.

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Beginning of the headline :I’ve been continuing my catch-up on the state of all things taxation with An Inquiry Into the Nature and Causes of the Wealth of States (2014), by Arthur Laffer, Stephen Moore, Rex Sinquefield, and Travis Brown. I am somewhat embarrassed to say that I haven’t gotten to this until now, although I bought the book some time ago and have had it standing by. This is a good book. It has the kind of practical approach — a “what the heck is really going on here” stance — that I find very refreshing. A l... Read More

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