Interstate Competition

We’ve had several discussions on PeachPundit about ideas for the GOP to push forward. Let me toss another one out there: interstate competition to attract the finances of new citizens. The thought hit me while reading the Wall Street Journal this morning.

Georgia has already lowered the income tax rate for senior citizens. Now it should abolish the state version of the estate tax. In doing so Georgia is likely to attract a number of wealthy new citizens who can bring tax dollars into the state.

Likewise, Georgia should make its laws more competitive for developers to build large planned communities, particularly in coastal areas for retiring seniors. Georgia should not be willing to surrender those tax dollars to Florida.

7 comments

  1. memberg says:

    With the one-two punch of “more competitive” laws for developers and Kelo, we can finally run all those black people out of Brunswick.

  2. Erick says:

    That’s out of line, Memberg. You’ll no doubt see the GOP push harder than the Dems to make sure Kelo is vetoed in Georgia.

  3. Warrior says:

    If Georgia repeals estate tax, estates would continue to pay the same amount, but all would go to federal government. That dog won’t hunt! Georgia receives a share of estate tax and we can refuse our share…….but why?

  4. Erick says:

    Warrior, we should at least have a phase out corresponding to the federal tax, which goes the way of the dodo in 2011. I’m not aware of that having happened.

  5. Warrior says:

    Seniors want quiet areas with amenities. Don’t want traffic. They will flock to places like Reynolds Plantation (and not Gwinnett County) or expensive Glynn County. That’s where the future lies and why GOP looking at Florida’s CDD law.

  6. Erick says:

    That’s great to hear. I do think the Florida CDD law should be the model we follow. It has proven quite effective in what it does and would work well in Georgia.

  7. landman says:

    The CDD law is the model to follow and I do not think Georgia should try to re-create the wheel.The demographic that is and will feed the growth of Georgia is the Retiree and pre-retiree.In the developement business what we call it is the “J”effect,which is what occurs when these retirees come down the I-95 coorridor get south of Daytona and start turning around.They are deciding that there is a better quality of life in North FL.GA,SC and NC. The entire Ga.coast offers much value compared to Fla.when comparing what your dollar can buy.This group is much different than the generations before in several important areas .They typically are younger,more financially fit and are much more active. They want an area that offers great activities in their amenity packages,low tax basis and a good healthcare system. This is what we must offer to capture our share of this huge market.It is estimated that by the year 2020 there will a population increase of over 20 million from Wilmington NC to the Ft.lauderdale area of Floida.This is going to require all of these states to have a game plan that is good for the new arrivals and the exsisting residents.

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