Scarcity, Opportunity Cost and Competition impact our decision-making moment to moment. This makes economics the basis of life as we know it, after God. Nothing that people value is free, someone pays the cost. To gain that thing of value, scarce resources are given up and cannot be given up again for a different thing of value. And we all are competing to capture those scarce resources.
Friday, December 21, 2012
Exit Tax on citizens leaving a state for another state...
Check it out...then think on it. Regardless if you like the idea or not, what will the real impact be?
Think dynamically...who will want to move into these states? And who will not?
http://www.realclearmarkets.com/articles/2012/12/17/when_will_death_spiral_states_impose_taxes_on_fleeing_citizens_100047.html
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Share your unique economics experiences. What did you have to give up to gain that which at the moment seemed so necessary to you? Imperfect information spanked you and now diminishing marginal utility smacks you upside the head, eh?