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.

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About George Will

George Will was a contemporary American political commentator. George Frederick Will is an American libertarian conservative writer and political commentator. He writes columns for The Washington Post on a regular basis and provides commentary for NewsNation. Read more on Wikipedia →

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