Capital is mobile. It goes where it is welcomed and stays where it is well-treated, so states compete to create tax and regulatory environments conducive to job creation. Liberals call this a "race to the bottom." Conservatives call it a race to rationality.


Column, February 18, 2014, "Breaking the grip of the unions" at washingtonpost.com.

George F. Will: Breaking the grip of the unions - The Washington Post[washingtonpost.com]

George Will Quotes

Capital is mobile. It goes where it is welcomed and stays where it is well-treated, so states compete to create tax and regulatory environments...

Capital is mobile. It goes where it is welcomed and stays where it is well-treated, so states compete to create tax and regulatory environments...

Capital is mobile. It goes where it is welcomed and stays where it is well-treated, so states compete to create tax and regulatory environments...

Capital is mobile. It goes where it is welcomed and stays where it is well-treated, so states compete to create tax and regulatory environments...