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I don't understand why everyone treats this stuff as theory and argues about what could happen. For many years fifty different states tried fifty different things. Texas has long had zero income tax. California tried high taxes. California has 40% more people out work than Texas does.
There's no chicken and egg philosophical quandary here. We tried both, fifty times. Low tax states kicked the crap out of high tax states. Of the ten best cities to get a job, three are in Texas, the no-tax state. None are in California, the similarly sized high tax state. That's not theory, that's what actually happened.
It's like arguing who might win the 2010 Super Bowl. New Orleans won. Nothing to argue about.
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