Member of the reality-based community of progressive (not anonymous) Massachusetts blogs
Imagine if we had abolished the income tax in Massachusetts two weeks ago. Our chances to headline lists like “Best ‘New Economy’ State” would be next to nil.
One of our biggest strengths here is our higher education system, and our investment in new economic opportunities for self-starters. You can’t do that if you slash 40-70% of revenues to the state which helps foster this. People start businesses here (despite the higher cost of living) because they are supported here.
Hopefully the investments in up-and-coming fields such as clean energy, nanotech, and biotech will keep us in this number one position for a long time.
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November 20th, 2008 at 12:23 pm
I don’t understand these people who say that we should be more like Mississippi and less like Massachusetts, on theory that it will make our economy stronger.
November 23rd, 2008 at 8:15 pm
Yea, good thing we kept the income tax so those of us who don’t happen to be in the “new economy” industries can subsidize the minority of people (alreadying making good money by the way) who have those jobs.
Only in Massachusetts is taxing regular people to fund corporate welfare get passed off as “progressive.”