Hey, remember when Vermont was ranked third in the nation by Politico magazine as a place to live?
Well, here comes the flip side, courtesy of none other than the American Legislative Exchange Council (ALEC), that overflowing cascade of Kochian “economic liberty” bushwa. It ranks Vermont #49 in “economic outlook,” which is a very interesting way to put it. Because what they are ranking is not actual, tangible economic health — it’s how the state is poised for intangible future prosperity. And it is measured in terms of taxation and regulation.
But wait, it gets better. The lead author of the ALEC report is none other than Arthur Laffer. Yep, the guy behind the Laffer Curve, the absolutely unproven bit of dogma that claims you’ll create more revenue by cutting taxes, because the tax cuts will stimulate a cornucopia of prosperity.
Well, not only is it absolutely unproven; when it’s been tried in the real world, the results have been dismal. The Laffer Curve isn’t a coherent, evidence-based economic practice; it’s the money shot in a right-wing porn flick.
In case you think I’m overstating my case, let’s look at a state deemed praiseworthy by ALEC.