2 Years After Raising Taxes on the Rich, Here’s the Hellscape Minnesota Has Become

mark dayton

By Zeeshan Aleem March in Policy.Mic

Since 2011, Minnesota has been doing quite well for itself. The state has created more than 170,000 jobs, according to the Huffington Post. Its unemployment rate stands at 3.6% — the fifth-lowest in the country, and far below the nationwide rate of 5.7% — and the state government boasts a budget surplus of $1 billion. Forbes considers Minnesota one of the top 10 in the country for business.

Given that Minnesota’s governor is a well-connected millionaire whose family controls the Target fortune, one could be forgiven for thinking this was the result of embracing the corporate world. But in fact, over the past four years, the state has undergone a series of policy reforms that most of the corporate world decries: It has imposed higher taxes on the wealthy and raised the minimum wage.

When each of these progressive policies was initially proposed, Minnesota Republicans made dire predictions about their effects on the economy, and argued that bleeding-heart concerns about economic fairness would stifle growth. Despite all the warnings, Minnesota’s economy hasn’t tanked. Instead, it’s sailing with greater force than it has in years.

How Minnesota did it: The progressive economic policies in the North Star State came into being after the election of Democratic Gov. Mark Dayton. In 2010, Dayton surprised many political observers in Minnesota when he managed to win the governor’s mansion, as the first Democrat to seize the governor’s mansion in more than two decades. His political career up until that point was mainly defined by failure, despite the fact that he was a billionaire heir with countless resources.

Read it and weep at Policy.Mic

Advertisements


Categories: Economic policy, Economics, Education, Health Care, Labor policy, Opinion/Editorial, Political commentary, Politics, Tax policy, Union rights, Workers' rights

Tags: , , , ,

3 replies

  1. I love this story.

    Liked by 2 people

  2. Ah, and I’m awaiting the tax increases that the faithful GOP said wasn’t going to happen in KY but is currently in legislation in this legislative session. The talk is that both will pass and some on the local levels too.

    It seems that when confronted with the ‘options’ they are not as quiet as fast on pulling the trigger on …not…increasing taxes. heh

    Liked by 2 people

Leave a Reply

Please log in using one of these methods to post your comment:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out / Change )

Twitter picture

You are commenting using your Twitter account. Log Out / Change )

Facebook photo

You are commenting using your Facebook account. Log Out / Change )

Google+ photo

You are commenting using your Google+ account. Log Out / Change )

Connecting to %s

%d bloggers like this: