Yesterday Breitbart posted an article about a recent study of which states are the wealthiest and which are the poorest. Then Breitbart compared those results with the voting records of the people in those states. The results were surprising.
The article reports:
Democrats paint themselves as the party looking out for the little guy and more interested than Republicans in representing the poor and their best interests.
But according to Ken Fisher, the founder and executive chairman of Fisher Investments, best-selling author and one of the richest men in the United States, a USA Today study released earlier this month that shows the economic profile of all 50 states, ranked by household income, reveals much more.
When Fisher read what he called “a breathtaking economic profile” of the states he found in it something that was “embedded” in it that reveals what he believes is “arguably the greatest unseen political truth of our time.”
This is the surprising correlation:
USA Today headlined its story reporting on its findings: “Wealth in America: Where are the richest and poorest states based on household income?”
But Fisher headlined his commentary about the study published in USA Today on Sunday: “Midterms: Poorest states have Republican legislatures, and richest have Democratic ones.”
“Fathom it, and you will see how politics may unexpectedly affect economics and wealth for years to come,” Fisher wrote.
The article points out that the five richest states have legislatures controlled by Democrats. He doesn’t mention that those states also have some of the highest tax rates in the country. Those states are Maryland, New Jersey, Hawaii, Massachusetts, and Connecticut. According to an article at Wallet Hub, a website that ranks states according to tax rates, Maryland ranks 44th, New Jersey ranks 47th, Hawaii ranks 51st, Massachusetts ranks 45th, and Connecticut ranks 49th in the list of states with the lowest tax rates. Yes, I know there are not 51 states, but the District of Columbia was included in the list.
I guess you have to move to a state with a legislature controlled by Republicans if you want lower taxes.