Let's make Minnesota capitalist again

For those of us with multiple brain cells rubbing together, we've known for a decade+ that Minnesota is a socialist/redistributionist state. Minnesota isn't a capitalist state where it's easy to create generational wealth. Minnesota's DFL is expert at throwing up roadblock after roadblock to creating generational wealth. That isn't an emotive reaction to a difficult situation. It's an objective fact. This article lays out some hard truths.

Let's get started with today's reality check. It reports that "For decades, Minnesota enjoyed a reputation as an economic leader. But in recent years, the momentum has slowed. From 2019 to 2024, Minnesota ranked 38th in GDP growth, 38th in job growth, and 33rd in per capita income growth." That's totally unacceptable.

More Objective Truth

The article reports "A growing economy needs people—both to fill jobs and to drive consumer demand—but Minnesota currently ranks 42nd in net domestic migration, with more people leaving than arriving, especially among young adults."

Minnesota has the 7th highest income tax rate in the nation. Further, thanks to the DFL, our lowest income tax bracket is higher than the top income tax rate in 25+ states. It's impossible to build generational wealth when Minnesota state government overtaxes Minnesota's small buasinesses.Next, if I got paid $100 for each time a DFL politician cited as fact that "Minnesota has more Fortune 500 companies per capita" than any other state, I'd be wealthy.

That statement, BTW, is an indictment against Minnesota's business model. Small businesses are the growth engine for a thriving U.S. economy. It's rare that a Fortune 500 company is a fast-growing company.

Things holding Minnesota's economy back:

• Minnesota has the 7th highest overall individual tax load.
• Twin Cities home prices rival those of Chicago.
• Property crime in Minneapolis is more than twice the national average.
• In 2017, more than 60% of students met grade-level standards in reading and math. Today, it is below 50%.

Simply put, Education Minnesota and the Minnesota Schooll Board Association are hurting educational outcomes. It's time we stopped spending tons of money but imposaing tons of unfunded mandates on schools. Further, Minnesota's tax load is strangling innovation and productivity. Factor in that capital goes where it's most welcome. Add to that the fact thatcapitaql and labor are mobile and Minnesota isn't an attractive place to invest.

People won't frequent places that are riddled with crime. Murderapolis must disappear immediately. Politicians must stop using law enforcement for punching practice or to keep their political base with them.

Minnesota used to have a world-class education. It doesn't anymore. Jason Rarick gives us a brief glimpse into what's wrong with our school system:

Thanks to the DFL, Minnesota has taxed us too much, educated our students too little and didn't listen to We The People enough. They're ideologues first. Being a public servant is way down the DFL's priority list. Democrats don't like President Trump's American First agenda, mopstly because they're afflicted by Trump Derangement Syndrome. This time, let's put Minnesota on a Minnesota First agenda path. Education Minnesota has ruled the DFL too long. The Minnesota School Board Association, aka MSBA, has supported Education Minnesota far too long with less than sterling results. Education should be about teaching students about reading, math, science and computers. It shoudn't be about teaching students how to be activists.

Let's teach students the liberating power of capitalism. A capitalist society is a bustling, prosperity-filled society. A socialist society is a dying, low-energy society where serfs are ruled by oligarchs. Give me the liberating power of capitalism anytime. Let's close with some wise words from Milton Friedman: