Here’s a funny story from the New York Post. (H/T National Review via ECM)
On top of the city and state payroll tax, Social Security and Medicare [small-business owner John Logue] pays for employees, Logue said the city also hits him with a slew of permit fees. He recently had to pay $50 to obtain a certificate to collect sales taxes for the city and the state. In the past, it was free. He also pays the city to have a restaurant certificate, an exhaust-system permit and an illuminated-sign permit.
Logue said his [government-issued] water bills have also increased by nearly 50 percent in the last three years. Currently, he pays $1,600 every three months to the city.
“I’m getting to the point where I’m thinking about leaving New York,” he said.
And Kevin D. Williamson adds:
If you want to know where the future is headed, look where the people are going. And if you want to know where the people are going, check with U-Haul. Here’s an interesting indicator, first noted by the legendary economist Arthur Laffer: Renting a 26-foot U-Haul truck to go from Austin to San Francisco this July would cost you about $900.
Renting the same truck to go from San Francisco to Austin? About $3,000. In the great balance of supply and demand, California has a large supply of people who are demanding to move to Texas. There’s a reason for this.
Yes, prices rise when there is a high demand and supply is the same.
I once had a job interview at Fidelity in Boston, MA, and I remember going up the elevator with someone who commuted in every day from New Hampshire to avoid the taxes. And I remember thinking – this guy probably votes Democrat like everyone else in Boston.And shortly thereafter, New Hampshire turned blue and is now somewhere down in the gutter.
Why do Democrats do this to themselves? Anyway, the whole country will be like New York and California if more of these crappy bills pass, and where will we run to then? We’ll be stuck until the next election, and it serves us right. I think a good long period of suffering under Obama is just what we need to learn the importance of economics – the hard way.