Friday, February 15, 2013

Like a Good Smarter Neighbor, State Farm Flees High Tax Illinois

And heads for bidness-luvin' Texas! Because no one could predict that type of human behavior in reaction to punitive taxation, despite examples in New York, California, Vermont...

Nope. No way.

From Matthew Boyle at Breitbart's Big Government:
"Texas-based real estate expert Bob Gibbons notes in a blog post that State Farm’s Dallas office space lease--about 2.5 million square feet of workspace in a few different places--is the Dallas area’s largest-ever office space lease by a single company.

The Atlanta Journal-Constitution reported this week, too, that State Farm leased several hundred thousand more square feet of office space in Atlanta.

The company has 3.6 million square feet of office space in southern Illinois and the spaces in Atlanta and Dallas easily total that amount.

At the end of 2010, in a special session, the Illinois Legislature passed a 67% hike in its corporate and personal income tax. The state is struggling with a structural deficit and its credit rating was recently lowered. The state now has the worst credit rating in the country. A number of businesses have floated the idea of leaving the state. A move by State Farm, however, would devastate the downstate economy."
Translation: Texas is conservatively smart; Illinois is liberally stoopid.
Smile Train
Providing Cleft lip and palate surgery to children all over the world.
If you agree with these people that it's a worthy charity, please CLICK HERE to donate any amount.

Day by Day