See Governor Christie is actively courting Illinois businesses to move to New Jersey (and he is not the only Governor to take advantage of Pat Quinn’s chronic stupidity) – Ah, the free market at work! That pesky law of unintended consequences will get you every time. Make your state difficult to do business with and people and companies will leave.
This works on the national level as well. If you raise taxes and raise barriers to effective commerce, capital funds will go elsewhere and take their jobs with them. And that lowers tax bases that further erode employment, and the spiral continues.
These are basic economic principles that a 7th grade Junior Achievement student can grasp yet these highly paid politicians cannot. Like horrible chess players, they can’t think one simple move ahead. And more and more people will suffer for their ignorance.