November 24, 2004

Kansas is #1

No, I'm not talking about the mighty Kansas Jayhawks in college basketball (although that would be a great guess). Instead, the Pacific Research Institute and the Heritage Foundation have found Kansas to be the most economically free state in the Union. From an article($ req'd) in the Wall Street Journal explaining the 2004 Economic Freedom Index: bq. The Index uses five categories -- fiscal, regulatory, judicial, government size and welfare -- to measure and compare economic freedom in the 50 states. Among the variables are tax rates, state spending, occupation licensing, environmental regulations, income redistribution, right-to-work laws, minimum wage and tort law. Co-author Lawrence McQuillian writes that Kansas won the top spot "largely due to its respect for property rights: It engages in less income redistribution and attracts less tort litigation than most states." bq. If all states were as free as Kansas, the annual income of the average American worker would increase 4.42%, or $1,161. Over a 40-year period, that would add $87,541 to a lifetime income. Below I've listed the states at the top and bottom of the index. Notice the 2004 Election Redness of the Top 10 and the Blueness of the Bottom 10.

Top 10  State 
Kansas 
Colorado 
Virginia 
Idaho 
Utah 
Oklahoma 
New Hampshire 
Delaware 
Wyoming 
10  Missouri 
   
Bottom 10  State 
41  Massachusetts 
42  New Jersey 
43  Ohio 
44  Minnesota 
45  Pennsylvania 
46  Illinois 
47  Rhode Island 
48  Connecticut 
49  California 
50  New York 

Posted at Andrew Roth at 1:21 PM | TrackBack

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