
How Money Walks
How $2 Trillion Moved Between the States, and Why it Matters
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Narrado por:
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Ron Ron Hippe
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De:
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Travis H. Brown
Acerca de esta escucha
Between 1995 and 2010, millions of Americans moved between the states, taking with them over $2 trillion in adjusted gross incomes. Two trillion dollars is equivalent to the GDP of California, the ninth largest in the world. It's a lot of money.
Some states, like Florida, saw tremendous gains ($86.4 billion), while others, like New York, experienced massive losses ($58.6 billion). People moved, and they took their working wealth with them. The question is, why?
Why did Americans move so much of their income from state to state? Which states benefited and which states suffered? And why does it matter? Using official statistics from the IRS, How Money Walks explores the hows, whys, and impact of this massive movement of American working wealth.
Consider these facts; between 1995 and 2010:
- The nine states with no personal income taxes gained $146.2 billion in working wealth.
- The nine states with the highest personal income tax rates lost $107.4 billion.
- The 10 states with the lowest per capita state-local tax burdens gained $69.9 billion.
- The 10 states with the highest per capita state-local tax burdens lost $139 billion.
Money and people moved from high-tax states to low-tax ones. And the tax that seemed to matter the most? The personal income tax. The states with no income taxes gained the greatest wealth, while the states with the highest income taxes lost the most.
Why does this matter? Because the robust presence of working wealth is the leading indicator of economic health. The states that gained working wealth are growing and thriving. The states that lost working wealth lost their most precious cargo: Their tax base. And the consequences are dire: stagnation, deterioration, and an economic death spiral as they continue to raise taxes and lose people, businesses, and working wealth. The numbers don't lie.
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Historia
Progressive upper-middle-class urbanites are deserting expensive liberal meccas like New York and San Francisco and flocking to traditionally red states like Colorado, New Hampshire, Virginia, and Texas. The result is a sudden, confusing purpling of small-town America. School boards and local governments are being reorganized around the progressive agendas of pushy transplants. Neighborhoods are becoming unrecognizable. And the implications for future Congressional and presidential elections are staggering.
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Interesting and back up with facts
- De Jason en 01-23-20
De: Kristin B. Tate
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How Are You Going to Pay for That?
- Smart Answers to the Dumbest Question in Politics
- De: Ryan Cooper
- Narrado por: Ryan Cooper
- Duración: 8 h y 22 m
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How Are You Going to Pay for That? is filled with engaging discussions and detailed strategies that policymakers and citizens alike can use to assail even the most entrenched lines of neoliberal logic and start to undo these long-held misconceptions. Equal parts economic theory, history, and political polemic, this is an essential roadmap for winning the key battles to come.
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Not horrible but not correct either
- De David en 03-20-23
De: Ryan Cooper
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The Complacent Class
- The Self-Defeating Quest for the American Dream
- De: Tyler Cowen
- Narrado por: Walter Dixon
- Duración: 7 h y 39 m
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Since Alexis de Tocqueville, restlessness has been accepted as a signature American trait. Our willingness to move, take risks, and adapt to change have produced a dynamic economy and a tradition of innovation from Ben Franklin to Steve Jobs. The problem, according to legendary blogger, economist, and best-selling author Tyler Cowen, is that Americans today have broken from this tradition - we're working harder than ever to avoid change.
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MUST READ
- De RJW en 05-06-17
De: Tyler Cowen
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FairTax
- The Truth
- De: Neal Boortz, John Linder
- Narrado por: Neal Boortz
- Duración: 6 h y 33 m
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Offering stunning new insights not covered in the original book, FairTax: The Truth debunks the negative myths and gross misrepresentations of this groundbreaking idea. The FairTax plan is simple, brilliant, and it will work - enabling you to keep all the money in your paycheck; eliminating the fraud, hassle, and waste of our current system; and revolutionizing the way America pays for itself.
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Sound, well-researched plan
- De Tim Hibbetts en 03-06-08
De: Neal Boortz, y otros
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The Age of Oversupply
- Overcoming the Greatest Challenge to the Global Economy
- De: Daniel Alpert
- Narrado por: Don Hagen
- Duración: 10 h y 34 m
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The governments and central banks of the developed world have tried every policy tool imaginable, yet our economies remain sluggish, or worse. How did we get here, and how can we emerge from the longest downturn in recent memory? Daniel Alpert, a progressive Wall Street banker and economist, argues that we are living in the age of oversupply.
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Great book but now out of date
- De emory morsberger en 11-30-17
De: Daniel Alpert
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The New Geography of Jobs
- De: Enrico Moretti
- Narrado por: Sean Pratt
- Duración: 8 h y 32 m
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Today, there are three Americas. At one extreme are the brain hubs with workers who are among the most productive, creative, and best-paid on the planet. At the other extreme are former manufacturing capitals that are rapidly losing jobs and residents. The rest of America could go either way. For the past 30 years, the three Americas have been growing apart at an accelerating rate. This divergence is one the most important developments in the history of the US and is reshaping the very fabric of our society. But the winners and losers aren't necessarily who you'd expect.
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Almost Stopped Listening
- De R. Hartley en 03-29-19
De: Enrico Moretti
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The Great Reset
- How New Ways of Living and Working Drive Post-Crash Prosperity
- De: Richard Florida
- Narrado por: Eric Conger
- Duración: 6 h y 49 m
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We tend to view prolonged economic downturns, such as the Great Depression of the 1930s and the Long Depression of the late 19th century, in terms of the crisis and pain they cause. But history teaches us that these great crises also represent opportunities to remake our economy and society and to generate whole new eras of economic growth and prosperity.
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glorification of City Life
- De Ryan Riggs en 11-25-20
De: Richard Florida
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The Battle
- How the Fight Between Free Enterprise and Big Government Will Shape America's Future
- De: Arthur C. Brooks
- Narrado por: Arthur C. Brooks
- Duración: 3 h y 10 m
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America faces a new culture war. It is not a war about guns, abortions, or gays; rather it is a war against the creeping changes to our entrepreneurial culture, the true bedrock of who we are as a people. The new culture war is a battle between free enterprise and social democracy. Many Americans have forgotten the evils of socialism and the predations of the American Great Society's welfare-state programs.
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Right wing
- De John en 12-22-10
De: Arthur C. Brooks
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50 Economics Classics
- Your Shortcut to the Most Important Ideas on Capitalism, Finance, and the Global Economy
- De: Tom Butler-Bowdon
- Narrado por: John Chancer
- Duración: 15 h y 22 m
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Economics drives the modern world and shapes our lives, but few of us feel we have time to engage with the breadth of ideas in the subject. 50 Economics Classics is the smart person's guide to two centuries of discussion of finance, capitalism, and the global economy. From Adam Smith's Wealth of Nations to Thomas Piketty's best-seller Capital in the Twenty-First Century, here are the great books and seminal ideas, clarified and illuminated for all.
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Aftershock
- The Next Economy and America’s Future
- De: Robert B. Reich
- Narrado por: Robert Reich
- Duración: 4 h y 30 m
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The author of 12 acclaimed books, Robert B. Reich is a Chancellor’s Professor of Public Policy at the University of California, Berkeley, and has served in three national administrations. While many blamed Wall Street for the financial meltdown, Aftershock points a finger at a national economy in which wealth is increasingly concentrated at the top - and where a grasping middle class simply does not have the resources to remain viable.
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Very plausible assessment of our economy
- De CAR TOP CAMPER en 10-06-10
De: Robert B. Reich
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Radical Markets
- Uprooting Capitalism and Democracy for a Just Society
- De: Eric A. Posner, E. Glen Weyl
- Narrado por: James Conlan
- Duración: 9 h y 7 m
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Many blame today's economic inequality, stagnation, and political instability on the free market. The solution is to rein in the market, right? Radical Markets turns this thinking - and pretty much all conventional thinking about markets, both for and against - on its head. The book reveals bold new ways to organize markets for the good of everyone.
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Terrible Reader ruins this book
- De Brian W. Veit en 10-30-18
De: Eric A. Posner, y otros
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You Can Retire Sooner Than You Think
- De: Wes Moss
- Narrado por: Wes Moss, Scott Merriman
- Duración: 7 h y 1 m
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After conducting an intensive study of happy retirees to learn the financial practices they hold in common, Moss discovered that it doesn't take financial genius, millions of dollars, or sophisticated investment skills to ensure a safe, solid retirement. All it takes is five best practices.
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graphs/diagrams
- De Amazon Customer en 05-15-18
De: Wes Moss
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Debunk This!
- Shattering Liberal Lies
- De: Matt Palumbo
- Narrado por: Josh Goodman
- Duración: 5 h y 28 m
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Countless studies have proven that over 90 percent of Trump-related news coverage is negative, and the percentage of journalists that identify as Republicans are in the single digits. When liberals are running the show, you can bet that their narrative has gone unchallenged. If you tell a lie long enough, people will begin to believe it, and that’s certainly the case with so many liberal myths that have become accepted as conventional wisdom.
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you still need to read it
- De David Markland en 10-16-19
De: Matt Palumbo
Lo que los oyentes dicen sobre How Money Walks
Calificaciones medias de los clientesReseñas - Selecciona las pestañas a continuación para cambiar el origen de las reseñas.
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- Larry
- 04-24-13
The go-to tax/policy book for the 21st century!
Where does How Money Walks rank among all the audiobooks you’ve listened to so far?
The content was fantastic, and really presented a data-driven dialog. Ron Hippe, the narrator, did a great job bringing life to the text.
What other book might you compare How Money Walks to and why?
Freakonomics - The author Travis H. Brown is able to create a compelling and interesting narrative, all the while discussing data.
Which scene was your favorite?
Florida has gained over $86 Billion in net AGI from 1990-2010...just for being Florida (0% income tax helps).
If you were to make a film of this book, what would be the tag line be?
How $2 Trillion moved across the States.
Any additional comments?
Great book for anyone looking into fiscal policy, economics, taxes, or if you are just a data wonk like me :)
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esto le resultó útil a 1 persona
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- Amazon Customer
- 06-08-19
Informative, but redundant. Better as cliff-notes.
The information and message is good for those of us who enjoy hard economic data. The story is a pretty simple one to explain at a high level though, so turning this into an entire book makes it super-redundant a delve into the details and which makes it less engaging and more repetitive the longer the listen. Would be better as a consolidated summary version. The accompanying map site they've done is great eye candy though.
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