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The Blue-State Suicide Pact
Forbes, by Joel Kotkin

Original Article

Posted By:StormCnter, 12/6/2012 4:49:02 AM

With their enthusiastic backing of President Obama and the Democratic Party on Election Day, the bluest parts of America may have embraced a program utterly at odds with their economic self-interest. The almost uniform support of blue states’ congressional representatives for the administration’s campaign for tax “fairness” represents a kind of bizarre economic suicide pact. Any move to raise taxes on the rich — defined as households making over $250,000 annually — strikes directly at the economies of these states, which depend heavily on the earnings of high-income professionals, entrepreneurs and technical workers.

      


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Reply 1 - Posted by: Spidey, 12/6/2012 5:11:28 AM     (No. 9050958)

Simply voting for Obama was a suicide pact for everybody.If you just look at Obamacare and red states bailing out on it,guess who´s going to lose jobs to those states? Blue ones,who are already bleeding jobs with their obsession with taxing success out of business.


Expecting liberals to think logically,is a lost cause.They see Obama as a living,breathing bailout king and that precludes any rational thinking about job creation.

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Reply 2 - Posted by: Patchy Groundfog, 12/6/2012 6:20:48 AM     (No. 9051015)

Ivory tower historians love to look at European immigration to the US and talk about the flight from economic hardship while they studiously ignore the same sort of economic migration occurring in the present day. To acknowledge it would be to admit that their static-population redistributionist fantasies will collapse.

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Reply 3 - Posted by: Srhea, 12/6/2012 6:57:02 AM     (No. 9051047)

This is still the old "socialist vs. capitalism" argument. No matter how you paint it over, socialism is a decaying policy. It only exists to suck all the wealth from those that earn it, and gives it to those that do nothing while scraping some off for the ruling class. No real wealth being created, only destruction of wealth.
Get out while you can, the revolution has begun to destroy the wealth builders. Stalin has arisen again!

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Reply 4 - Posted by: Phil_hk, 12/6/2012 7:11:04 AM     (No. 9051068)

Self Censored

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Reply 5 - Posted by: HerbVA, 12/6/2012 7:12:45 AM     (No. 9051070)

They voted for Obama because he is black and that trumps self interest.

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Reply 6 - Posted by: NorthernDog, 12/6/2012 7:26:31 AM     (No. 9051087)

Most of the productive people in those blue states probably opposed Obama. They just aren´t in the majority. And now they will be punished the most.

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Reply 7 - Posted by: MOBeef4u, 12/6/2012 7:41:06 AM     (No. 9051119)

Unfortunately, liberalism and its offshoots are like a cancer and I´m sure the disease will spread to red states as well. Too bad we in the sane states can´t just sit back and enjoy the show, but will be dragged into the worse mess this once great country will become.

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Reply 8 - Posted by: Nimby, 12/6/2012 7:41:50 AM     (No. 9051120)

#6 the doctrine is " share the pain" too

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Reply 9 - Posted by: LAW428, 12/6/2012 7:50:19 AM     (No. 9051134)

Dumb and dumber...

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Reply 10 - Posted by: ROLFnader, 12/6/2012 8:09:51 AM     (No. 9051161)

I´m only typing this particular sentence in order to avoid my aversion to two word posts. What I really wanted to say was " Ya Spose"?

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Reply 11 - Posted by: J F Ackerman, 12/6/2012 8:39:57 AM     (No. 9051221)

The "rich" don´t vote for Republicans. I´d go ahead and raise the rate on people making more than a million (not a paltry $250K) and give that crowd exactly what they voted for. And all those Obama loving grifters who Bush absolved from paying any income tax at all... go ahead and put them back on the rolls... a little civic responsibility wouldn´t hurt that crowd either.

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Reply 12 - Posted by: Objectivity, 12/6/2012 2:55:37 PM     (No. 9052170)

reality will reassert itself eventually ..... and this is not a prediction but the likely result of the fiscal & economic policies the Dem Party under Team 44 has aggressively embraced. An a lot of crony capitalist big businesses are folowing in the wake of all this as well. Look how well that turned out for the the bancks & Wall Street that bought into the mortgage securitization bandwagon. Dow 15,000 anyone?

But then the ´news´ media & academia, who are key boosters of Team 44, will never report of acknowledge such. So many believe that academia & the ´news´ media are essentially ´neutral´ when they have become propagandists.

So while your neighbors and friends delude themselves, believing there is no real downside to Team 44´s policies, all one can do is quietly prepare, position and trade off the those moments when reality looms its ugly presence. No one can predict the future or has a crystal ball, but a sense of reality and patience are one´s best shields in this environment.

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