Economics

"North Carolina Wows with Its Impressive Tax-Cut Successes"

As you read about our current political uproar, I suggest keeping this in mind.

State governments are constantly competing for people and businesses, and North Carolina has proved that cutting taxes is a great way to come out on top. Since 2013, Governor Pat McCrory and the state legislature have cut taxes by an astounding $4.7 billion — and the result has been economic growth, job growth, and even additional tax revenue that could spur yet more tax cuts in the years ahead.


"California's Problems Will Continue to Compound"

We'll see, but until there's some political competition for the state's Liberals, it's the way I'd bet.

To effectively and efficiently address these three issues, Sacramento must honestly address their root causes - not just focus on providing relief for the symptoms. This requires hard work and removing the ideological lenses. But based on rhetoric (both from the election and since), it doesn't appear Sacramento is ready to solve these problems. It's more likely California's one-party rule will try to undo Proposition 13's tax protections, push for various transportation-related tax increases to fund a growing maintenance deficit, double-down on command-and-control environmental regulations (which have only been successful in making California more expensive, not more green), and advance symbolic fights against the Trump Administration.


"Explanations, please"

Professor Peter Gordon concisely offers four excellent reasons to be wary of investing in infrastructure.

There are other reasons to be concerned . But start with these four. Infrastructure enthusiasts have some explaining to do.

Related: "Whether Thriving or Failing, Cities Need Investment".

Too many of these projects — especially the small-scale, incremental projects — die in a tangle of accumulated city codes and red tape. . . . Now is certainly a time for investment, but not for profligacy. Too much money, for too long, has been thrown after quick-fix schemes and politically short-sighted projects.