Commercial investors know already what a Cato Institute study just declared: Florida is the freest state in the nation. The Cato Institute study ranks each state in the union according to “how its public policies promote freedom in the fiscal, regulatory, and personal freedom spheres.” The State of Florida managed to snag seven Top-10 rankings including four First Place rankings. The four top rankings were in the categories: Overall, Fiscal, Economic and Cable. The Cato Institute is a Washington-based think tank.
“Floridians should be proud of their No. 1 ranking,” William P. Ruger, the study’s co-author, wrote. “Florida’s leaders have largely avoided restrictive policies that have harmed economic growth in other states while making opportunity-enhancing reforms that have benefited current residents and the hundreds flocking to the state each day.”
He and and co-author Jason Sorens developed the ranking system. It examines state and local government intervention across over 230 policy variables in 25 categories. Categories include insurance affordability, taxation, regulatory policies and many other categories pertinent to commercial investing, though the focus is not on commercial investing. It also included categories pertinent to individuals like victimless crime enforcement.
The study stated:
“Over the past two decades, Florida has made tremendous strides protecting liberty, limiting government intrusion into the lives of Floridians, and promoting economic prosperity. It’s why more than $156 billion in annual income has migrated from high tax states like New York [which ranked worst] to Florida.”
Florida scores first in fiscal policy.
“Florida’s state-level tax collections are more than a standard deviation and a half below the national average, while its local tax collections are about average.”
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