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NEVADA: IS THIS THE ECONMIC BUSINESS MODEL WE SHOULD FOLLOW?

Friday May 15th 2009 - 12:30 AM EST
Added by: John Caynor

I just watched an interesting interview with Wayne Allyn Root on CNBC. He believes Nevada has the best economic model and will be the first out of the recession.

The month to month home sales are up 86%, primarily purchased by investors. I still find this hard to believe and wonder if numbers are being manipulated for the appearance of a stronger economy. Nevada does not have income, business, death or capital gain taxes. This definitely enhances capitalism and other states should consider lowering or eliminating all together.

According to Wayne, Nevada represents everything Obama stands against. They limit the time politicians spend in session. This limits the amount of damage politicians can do to our economy. Now I do agree that anyone spending too much time on a subject can over analyze it and typically do more damage than good. They also have the fewest government employees per population of any state. Even with so few government employees, Nevada has $10 billion in unfunded pension funds and health care costs. Imagine what it is costing your state?

Last, we all know that prostitution and gambling are legal, which helps generate revenues that can be taxed. Well Wayne brings up some good points. I'm not sure if all are valid, but it still worth asking: Does Nevada have the best economic model? What do you think?

 



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