NLC4
People. Progress. Results.

2 Years After Raising Taxes on the Rich, Here's the Hellscape Minnesota Has Become

Posted by New Leaders Council 4 Admin on March 02, 2015 at 8:54 PM

Originally published on Mic, on March 2, 2015. 

Since 2011, Minnesota has been doing quite well for itself. The state has created more than 170,000 jobs, according to the Huffington Post. Its unemployment rate stands at 3.6% — the fifth-lowest in the country, and far below the nationwide rate of 5.7% — and the state government boasts a budget surplus of $1 billion. Forbes considers Minnesota one of the top 10 in the country for business.

Given that Minnesota's governor is a well-connected billionaire, one could be forgiven for thinking this was the result of embracing the corporate world. But in fact, over the past four years, the state has undergone a series of policy reforms that most of the corporate world decries: It has imposed higher taxes on the wealthy and raised the minimum wage.

Read the full story here: http://mic.com/articles/111424/2-years-after-raising-taxes-on-the-rich-here-s-what-happened-to-minnesota-s-economy