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As best we can remember the movie "Soylent Green," the plot revolved arount a dystopian future where everybody was killed and processed into yummy wafers before they could get old. Maybe this thought helped inspire the proposal by Iowa's Senate Republicans to exempt those under age 30 from Iowa's income tax.
The Iowa Blogosphere has chimed in.
The enigmatic State 29:
My god, could they get any dumber?
(On another topic, the State 29 illustrated commentary on the proposal to stamp out the menace of spinning hubcaps is priceless.)
Kris at Random Mentality is sceptical that a tax break will make Iowa financially attractive to new graduates:
You get about twice the salary for going out of state. If you want new grads to stay here based on financials alone, you'd better look at grants to double their salary, not tax breaks.
Jeff at Tusk and Talon has a long and thoughtful post. Among other things, he discusses the non-financial reasons young folks leave Iowa on graduation:
Who doesn't dream of going out into the world and conquering it--small town kid makes good and returns triumphantly. There is never going to be a better time to make your attempt than when you finish up school (either high school or college). So, kids bolt to Chicago, L.A., New York, Minneapolis, Denver, Dallas, or Atlanta to give life a whirl. Short of developing some big cities or making our existing cities more like big cities, we aren't going to avoid losing young ones to those temptations.
The Des Moines Register has another story on this today. Charles Grassley appears unimpressed.
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Comments
Jeff's most important point, and it's not as clear from his post as it is in our conversations, is that you can cut taxes on young people all you want but if the business environment sucks there won't be any jobs and hence any wages to worry about taxing.
The leg has to get serious about county consolidation, property tax reform, and corporate tax reform. All the rest of Iowa's economic development plan is just polishing a t--d. No matter how much you wax and rub it you can't make it shine and who would want a shiny t--d anyway?
Posted by: Chad | January 28, 2005 2:21 PM
A troubling image, but well said.
Posted by: Joe Kristan | January 28, 2005 2:36 PM