Toro
Diamond Member
- Thread starter
- #41
Speaking of transcending politics, those companies also have something that helps them: Location.
In places like Minnesota, where that's not as much of an issue, the very illiberal high tax and regulation state is losing businesses to Iowa and South Dakota.
In fact, every few years, they have to legislatively bribe 3M to stay.....I don't think SDMM would have quite the ring.
Sure, I agree. Paul Krugman - remember him? - won a Nobel Prize for his work on the economics of location.
Of course, all things being equal, taxes and lower regulation is a good thing for business. However, it is not the only or even the primary reason for the location of economic activity in the United States.