It's working exceptionally well for Ireland, which is going to end up far wealthier per capita than England over time (an extreme inversion to the past). Irelan

It's working exceptionally well for Ireland, which is going to end up far wealthier per capita than England over time (an extreme inversion to the past). Ireland is one of the only nations in Europe with significant economic growth over the past 15 years, they have been drastically out-competing everybody else for growth. Luring in huge numbers of employers, while deriving your taxes from another source (income taxes, real-estate taxes), works just fine. Texas, as an example, makes up for its lack of a personal income tax with other taxes. The state is thriving rather than imploding (which is not the same thing as having no problems at all), despite what its detractors would like to see. I've never seen an example where taxation at a large scale (countries, states) actually turns into a race to the bottom. That's only a theory that has never once come to fruition in actuality. Whereas in actuality what has happened, is that targeted low taxation (eg no state income taxes) is a tremendous competitive advantage if you manage it even somewhat well (offset it with other taxes, and organize it to whatever your state/nation's competitive advantage/s are). Which is why Texas and Florida are expanding, while California and NY are not (despite their former massive advantages). Illinois should be a dramatically better place than what it is in terms of prosperity and quality of life, instead it has been in either a stagnant or moribund condition for a long time, thanks to their poorly managed bureaucracy and relatively high taxation (routinely in the top five in combined local + state income tax rates).