Saturday, March 30, 2013

George Mason University study: New York - least free state in the union

Mercatus Center, Freedom in the 50 States, 3/2013:

"New York is by far the least free state in the Union."

New York residents have been heading for the exits: 9.0 percent of the state’s 2000 population, on net, left the state for another state between 2000 and 2011, the highest such figure in the nation.

New York has, by a wide margin, the highest taxes in the country: 14.0 percent of income, three and a half standard deviations above the national mean.

New York is the most indebted state, setting its own record high in FY 2010 at 33.2 percent of income.

New York City has rent control, which is estimated to cost residents about $300 million in deadweight loss alone.

Eminent domain abuse is rampant.

Labor law is poor, with no right-to-work law, restrictions on workers’ compensation funding options, and a required short-term disability program.

New York has the strictest health insurance community rating regulations in the United States, which have wiped out the nongroup market. There has also been a dramatic increase in mandated coverages in 2009—10, rising to 54.9 percent of the cost of a no-mandated-benefit policy.

On personal freedoms, gun control laws are extremely restrictive, but marijuana laws are ranked better than average. Tobacco laws are extremely strict, and cigarette taxes are the highest in the country, encouraging the growth of a dangerous black market.

Motorists are highly regulated.

Home school regulations are excessive.

Personal income growth is at 0.98%.