Last fall, I wrote about the strange case of Minnesota governor Mark Dayton, a left-wing billionaire heir to the Target fortune who came to power and reversed his Republican predecessors’ Reagonomic idiocy, instead raising taxes on rich people, increasing public spending, and creating shared prosperity for the people of Minnesota.
The results of the experiment continue to surprise and delight: unemployment is down to 3.7%, private sector earnings are up 1.5% to $891/week, 47,000 new jobs were added to the economy in the past year, and the state just declared a $1.8B budget surplus, even as Forbes ranked it 9th in its table of best states for business.
And our neighboring states are all doing much, much worse under Republican regimes.
I have to add a reality check, though. We’d be doing even better if the other states in this region were sharing in our successes — we are not an island.
And more worrisome still: in the last election, the idiot citizenry elected a Republican legislature. Why? I don’t know.