This is going to be one of my shortest posts, although it might take the most of your time. Its worth it. Here is the link to a video of a session at the recent Urban Land Institute conference. The session’s title is You get what you pay for.
ULI describes the session this way: “ULI’s senior resident fellows debate the correlation between high-tax states and economic vitality and explore the future of low-tax, low-investment states. How do we equalize opportunity, or are we relegating some states to a bad future? What does this mean for your business? We guarantee you will finish this video from the 2014 ULI Spring Meeting in Vancouver with a different perspective.”
It makes the case as well as I have seen that investments in education and infrastructure trump low taxes.