Tag: Budget and Tax Policy

Soaring Pension Costs Devour School Budgets in California »

The revised budget unveiled in May by California Gov. Jerry Brown seeks to increase the amount of money that public school districts and their teachers would pay into the teacher pension fund going forward. The legislature must approve a budget by June 15 or legislators forfeit their pay until a budget is passed. The...
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Taxpayers Are Shocked to Discover That When They Vote for Government Services, They Have to Pay for Them »

Taxpayers in Austin, Texas, are upset that their property tax bills are rising. This article reports that taxpayer Gretchen Gardner is “at the breaking point” because of her increasing property taxes. Gardner says, “I have voted for every park, every library, all the school improvements, for light rail, for anything that will make this...
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How Valuable Is a Federal Grant? »

Sometimes, a federal grant is worthless. The federal government has the ability to attach enough costly provisions to its grants that the net value is less than zero. A recent case in my home town of Tallahassee illustrates this. The Tallahassee Democrat, May 21, page A1 (sorry, no link because a subscription is required)...
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Piketty on Inequality »

The ultimate thesis in Thomas Piketty’s Capitalism in the Twenty-First Century is that the return on capital is higher than the growth in output and wages, so the owners of capital will see their wealth, and therefore, incomes, rise faster than those who earn the bulk of their incomes through labor. The distribution of...
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Piketty’s Capital: IV »

I’ve made some observations about Thomas Piketty’s Capital in the Twenty-First Century already, here, here, and here, and in this post want to note the way that the twentieth-century welfare state has contributed to the inequality that Piketty has observed. Piketty observes that growing inequality is the result of the return on capital being...
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Government Failure.gov »

Headlining at Saturday night’s White House Correspondents’ Association dinner, the president garnered huge laughs over the fact that he’s destroying the American healthcare sector and has failed to provide an alternative: “Of course, we rolled out HealthCare.gov,” Obama said of his tough year in 2013. “That could have gone better.” “In 2008, my slogan...
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New Video with Ron Paul: “Defining Liberty: The Future of Freedom” »

How can Americans overcome record government spending and debt, escalating healthcare costs, intrusive federal surveillance, endless wars, ongoing economic malaise, high unemployment, failing schools, and increasing abuses of civil and economic liberties? In this superb, new video from the recent, sold-out event sponsored by The Independent Institute and The Smith Center for Private Enterprise...
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Ban “Giving Back” »

Christina Hoff Sommers offers a great fact check on the propaganda currently being spread to “Ban Bossy,” here. As she details, Facebook COO Sheryl Sandberg’s campaign is rooted in cherry-picked data and at least one extremely old study that conveniently support her premise. Girls overall are doing better than boys, and “Bossy” is irrelevant...
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Let’s Start a Tax Revolt with Our iPhones »

Tax Day is upon us and at the federal level we’re told that Washington spends $3.5 trillion a year. The annual federal deficit stands at $514 billion. The national debt has climbed to $17.6 trillion. All of these numbers are staggering, and that’s the problem. Few people can relate to such large numbers because...
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Joseph Stiglitz: The Price of Inequality »

Although Joseph Stiglitz has a reputation as one of the most prominent defenders of big government, I found much to agree with in his book, The Price of Inequality. It does appear to me that throughout the political spectrum, from left to right, there is a substantial consensus that government is the cause of...
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