When companies want to boost sales, they sometimes tinker with products and then advertise them as “new and improved.”
In the case of governments, though, I suspect “new” is not “improved.”
The British territory of Jersey, for instance, has a very good tax system. It has a low-rate flat tax and it overtly brags about how its system is much better than the one imposed by London.
And it’s about to get worse. A column in the Wall Street Journal warns that New Jersey is poised to take a big step in the wrong direction. The authors start by observing that the state is already in bad shape.
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