Oh…oh…does that mean…be still my striving Uptown heart…that Charlotte is the Paris of the Carolinas?
Yes, in all the wrong ways. Scott Hodge of the Tax Foundation, the authoritative outfit on taxation, notes that non-competitive tax policy in North Carolina is lumping the state with high-tax jurisdictions like New Jersey and Connecticut, forming a French-style big spending, business unfriendly environment. And since we’ve long known that Charlotte is by-far the highest tax metro in the state, what do you think that says about attracting business investment to the QC?
That’s right — we have to subsidize three-time bailout losers like GMAC and non-profit shakedown artists like NACA. Expect more of the same. And to start taking the entire month of August off.
