The Free Press, Mankato, MN

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October 6, 2012

Your View: Taxes have been good for the state economy

Have Minnesota taxes been depressing the state’s economy? The evidence would suggest that public sector investment in Minnesota has produced a favorable return.

Examine Minnesota’s long-term income ranking and unemployment rates compared with other states. We have performed very well.

The state has made substantial public investment in human capital with the result that Minnesotans rank highly with respect to education and health measurements.

To be employed, individuals must be employable. Poorly educated, unhealthy humans are not very productive.

In my judgment, Minnesota has generally garnered a high rate of return from its tax expenditures.

 

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