Edward Conard

Top Ten New York Times Bestselling Author

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  • “…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
  • “There are an amazing number of good ideas and interesting points made in Unintended Consequences. The thinking underlying it, and the obvious depth of understanding of the author, are very impressive.” - Steven Levitt, coauthor of Freakonomics; 2004 John Bates Clark Medal
  • “Unintended Consequences provides a provocative interpretation of the causes of the global financial crisis and the policies needed to return to rapid growth. Whether you agree or not, this analysis is well worth reading.” - Nouriel Roubini, New York University; Chairman, Roubini Global Economics
  • “…a comprehensive explanation of the modern economy.” - Julian Robertson, Founder, Tiger Management
  • “A full-throated defense of economic dynamism.” - The Wall Street Journal
  • “…a comprehensive explanation of the modern economy.” - Julian Robertson, Founder, Tiger Management
  • “…a very valuable contribution.” - Larry Summers, former Secretary of the Treasury and director of the National Economic Council, president emeritus, Harvard University
  • “Unintended Consequences should be read by anyone who takes for granted the superiority of progressive taxation and has not thought carefully about the trade-offs involved.” - The New Republic
  • “…reminds us that inequality sends a signal of what society lacks most, in America’s case, entrepreneurship and risk taking.” - Lawrence Lindsey, CEO, The Lindsey Group, former Director of the National Economic Council
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Innovation Hubs Like New York Don’t “Deserve” Federal Bailouts

With the migration of America’s talent to hubs of innovation, like New York, it’s disingenuous to claim the hubs subsidize America and therefore deserve bailouts by other states because they pay a disproportionate share of federal taxes. Federalism is based on the notion that some taxation and spending should follow Americans wherever they live. Many of New York’s highly taxed millionaires were raised and educated elsewhere and moved to New York at the expense of their hometowns’ diminished future, while Florida’s retirees moved there after paying a lifetime of taxes elsewhere. States, like California, enjoy the good fortune of heavily taxing national treasures, like Silicon Valley, largely created by people raised in other states, while many other states must keep taxes and spending low to attract talent. Through migration, America heavily subsidized New York and California, who spent their good fortune rashly. They should be ashamed to ask the rest of the country for bailouts.

https://www.wsj.com/articles/blue-states-deserve-money-from-washington-11595193775

 

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