The labor participation rate in NY, CA and MA is higher than in SC, Mississippi, and Alabama. Its not about the taxes. It is about the educational level of the people of your state, who you are attracting, and who you are driving away. SC is attracting retirees seeking cheap real estate and a low cost of living and driving away smart young people. Republicans have gutted our education system at the college level; and attacked our public schools making our population dumber than ever; and are imposing an atmosphere of hate, division and Bible-thumping, finger-pointing, religious zealotry that is causing young people to want the hell out.
Also, I want to correct some possibly intentional misinformation. Nationwide, the number of personal (non-business) bankruptcies fell to near-record lows during the pandemic and has never recovered. In fact, the number o personal bankruptcies filed in 2022 is about 1/2 of the number filed in 2018.
Nationwide, the number of Business bankruptcies dropped 24% between 2021 and 2022. We obviously do not have 2023 in yet, but there is no huge spike in Business bankruptcies to date. Certainly, they are not at pre-pandemic levels.
Sorry, the 24% drop in Business bankruptcies was between 2020 and 2021. Business filings dropped an additional 6.00% in 2022 and personal filings dropped in 2022 as well (I don’t have that exact percentage handy)
LOL Trump has not started any new businesses lately, other than begging his cult members for cash, so obviously that is going to decrease the number of business bankruptcies.
4 comments
Leave it to Will Folks to promote DNC policies, while slamming Republicans.
The smallest amount of self-awareness would make these conservative bloggers almost get a clue.
The labor participation rate in NY, CA and MA is higher than in SC, Mississippi, and Alabama. Its not about the taxes. It is about the educational level of the people of your state, who you are attracting, and who you are driving away. SC is attracting retirees seeking cheap real estate and a low cost of living and driving away smart young people. Republicans have gutted our education system at the college level; and attacked our public schools making our population dumber than ever; and are imposing an atmosphere of hate, division and Bible-thumping, finger-pointing, religious zealotry that is causing young people to want the hell out.
Also, I want to correct some possibly intentional misinformation. Nationwide, the number of personal (non-business) bankruptcies fell to near-record lows during the pandemic and has never recovered. In fact, the number o personal bankruptcies filed in 2022 is about 1/2 of the number filed in 2018.
Nationwide, the number of Business bankruptcies dropped 24% between 2021 and 2022. We obviously do not have 2023 in yet, but there is no huge spike in Business bankruptcies to date. Certainly, they are not at pre-pandemic levels.
Sorry, the 24% drop in Business bankruptcies was between 2020 and 2021. Business filings dropped an additional 6.00% in 2022 and personal filings dropped in 2022 as well (I don’t have that exact percentage handy)
LOL Trump has not started any new businesses lately, other than begging his cult members for cash, so obviously that is going to decrease the number of business bankruptcies.