BuckeyeBlog

Apparently Lt. Governor Lee Fisher is concerned because there isn’t enough money to implement his economic development plans for the state. I’m confused as to why the state needs to spend tax money on economic development in the first place. Economic growth doesn’t come from the government; it comes from businesses and individuals interacting in the marketplace. In fact, one of the main impediments to economic growth is taxes, the shortage of which is preventing Lt. Gov. Fisher’s plans. But if the Lt. Governor really wants an economic growth plan, why doesn’t he support something like eliminating Ohio’s income tax? I’d wager that this move would do much more for economic development than all the government programs Fisher is supporting.