Wyoming Liberty Group
Flattering Index Downplays Cowboy State’s tepid GDP Performance
A survey by 24/7 Wall Street ranked Wyoming as the best-run state in the nation. This is of course good news for the Cowboy State, but the incoming state legislature and governor are well advised not to let this ranking motivate complacency. Wyoming has some serious problems that are buried or reduced by this index.
November’s elections results will undoubtedly affect federal tax policy with a direct impact on Wyoming businesses.
A Wisconsin circuit court has ruled that Wisconsin’s concealed carry statute (Wis. Stat. § 941.23 (2009)) is overbroad and therefore unconstitutional. State v. Schultz, No. 10-CM-138 (Clark Co., WI, filed Oct. 10, 2010) Wisconsin simply prohibits concealment of weapons; it has no provision for a concealed carry permit, like Wyoming’s “shall issue” permit system (WS § 6-8-104). Indeed, in the court’s decision granting motion to dismiss in Schultz, the court indicated that a concealed carry permit system might satisfy the court.
Despite all you have heard about government deficits and tight budgets both at federal and state levels, in at least one way government is growing happily: The welfare state.
In my forthcoming book, Remaking America: Welcome to the Dark Side of the Welfare State, I describe how the welfare state reaches a breaking point where government will run away from its promises to citizens and taxpayers – without cutting taxes to compensate. This one-sided roll-back of government leaves people poorer and contributes to a depression of economic activity in the private sector. America is not quite at this breaking point yet, but we can already see a precipitous preview of what is to come on a large scale. Around the country, governments are bailing out of the hospital business in part due to poor reimbursements from tax-paid Medicare and Medicaid. The Wall Street Journal reports: