Florida Sen. Rick Scott says his state is preparing welcome signs for Michigan's wealthiest residents should voters here approve the so-called "millionaire's tax" in next year's balloting.

The Republican, a former two-term Florida governor, spoke Nov. 1 at the Macomb County Lincoln Day Dinner. He warned that Michigan will suffer and that his state will benefit if the additional 5% tax on those making more than $500,000 a year goes into effect. Pushed by a number of left-wing education groups, the measure seeks to raise additional revenue for public schools.

Before his speech, Scott spoke with Detroit News Editorial Page Editor Nolan Finley about the impact the tax will have on both his state and ours. What follows is a transcript of their conversation, edited for length and clarity.

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