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Subject:  Re: We need more spending!!!!!! Date:  11/19/2012  12:39 PM
Author:  MadCapitalist Number:  655976 of 888207

I found the article:

Government Equals Growth as Massachusetts Tops Ranking

Massachusetts ranked first in economic opportunity in a new index that bolsters President Barack Obama’s argument that government and education are essential for creating the conditions for growth.
Told ya.

It doesn't look like they give any details about the calculation. They just give a chart that says this at the bottom:

"Economic Opportunity is determined by using a constructed variable which includes: unemployment rate, median household income, and income mobility."

It seems like you get penalized for living in a state with a low cost of living. I live in NJ, which has a high median income, but it is expensive as hell to live here. My rent more than doubled when I moved to NJ from Raleigh, NC.

Also, I guess "economic opportunity" doesn't include an attractive business climate. For example, from the Bloomberg article:

"Yet Massachusetts ranked 22nd on the Washington-based Tax Foundation’s state business tax climate index. Wyoming, with no corporate or individual income taxes, placed first and New York, last, according to Richard Morrison, a foundation spokesman."
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