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Florida and her meatball will be textbook evidence of a failed state swallowed by the Ocean and drowned by social conservatism terrorism.
Might be that they will, but for now they are doing very well on an objective scale, beeing placed on #1 for education and economy compared to the other states and beeing on #9 overall.
https://www.usnews.com/news/best-states/florida
If this is able to hold will remain to be seen.
A short boost from tax breaks to convince rich people to move there doesn't make the place financially successful or livable. It just looks better for a bit.
The category is a bit wider than that, but yes, low taxes seem to contribute.
https://www.richstatespoorstates.org/states/FL/
Edit:
Did a little digging after some flaws have been pointed out by @Silentia below. This source is not neutral.
https://ballotpedia.org/ALEC_Rich_States,_Poor_States_Report
It's more than half though. It really is very heavily implied here that taxes are the main way you can tell an economy is doing well.
How the state taxes you:
Vs how the money is spent:
Also, the higher the minimum wage, the lower the ranking.
Did some digging, you are spot on. Please see my edit of the original post.
I'm assuming that's the Laffer behind "the Laffer curve," AKA the unscientific bullshit "graph" he drew on a cocktail napkin that would essentially become the basis for supply-side economics AKA "trickle down."
That Laffer?
Because ruining the US economy and setting us on a 3+ decade ride towards record (and frankly inhumane) income inequality once just wasn't enough I guess.
Fucking ghouls.