Economy
Blog
Biden’s Tax Plan: Where It Hurts Californians the Most
Right by the Bay has been following Sacramento’s tax raising schemes here, here, and here. But the state’s tax marauding politicians aren’t the only ones we should be worried about. Presidential candidate Joe Biden also wants Washington’s share of our wallet. Below are three proposed tax hikes that would be ...
Blog
Studies Show Wealth Tax Would Hurt California’s Economy
There are no state taxes on wealth in the U.S., but California is a good bet to be the first. The idea carries some political popularity, and its promises sound sweet, but what would be the reality if the legislation, Assembly Bill 2088, becomes law? A couple of Rice University ...
Blog
Jobless Californians May Have to Settle for $300
President Trump’s signature was barely dry when cash-strapped governors nationwide cried foul over his executive order to provide $400 of additional unemployment benefits a week for the country’s jobless, after negotiations on a new coronavirus stimulus package failed between the White House and Speaker Pelosi and Senate Minority Leader Schumer. ...
Business & Economics
Wayne Winegarden Quoted in Newsweek on Congressional Stimulus Debate
Here’s Why Democrats Have An Edge Over Republicans in Stimulus Negotiations By: Jenni Fink, Newsweek The White House and Democratic Party leadership both cast blame for the stalemate over a stimulus package on the opposing side, but, in the battle for another round of relief, experts see Republicans as having ...
Business & Economics
Congress Should Stimulate Economic Recovery By Empowering Businesses To Issue Tax-Free Debt
Congress and the Administration continue to debate the next stimulus bill. It will be much more effective, however, if we heed the lessons from the trillions of dollars that have already been spent battling the current recession. Some of the programs have helped individuals and businesses survive the economic lock-downs ...
Blog
High on Spending, Light on Stimulus: Legislative Democrats Propose $100 Billion Borrowing Plan
This week in Washington, Democrats and Republicans are squabbling over the next economic stimulus package. Republicans have proposed a roughly $1 trillion plan, while Speaker Pelosi is pushing a $3 trillion plan. The partisan haggling and negotiations via shuttle diplomacy have already begun. Upon returning from their summer recess, Sacramento ...
Blog
CalPERS and CalSTRS Annual Returns Latest Public Pension Crisis Warning Sign
The COVID-19 recession has fueled volatility in the financial markets. Investment portfolios saw sharp drops in March and April but have rebounded recently as the economy opened up in some areas. This volatility has negatively impacted public pension funds. The Sacramento Bee reported last week that, “California’s pension fund for ...
Business & Economics
It’s time to bring our economy back to life. Paying workers to stay home won’t help
The federal government’s emergency unemployment benefits are set to expire this week. Set at $600 a week by the CARES Act — the economic rescue package Congress passed back in March — the emergency benefits were intended to supplement state unemployment insurance and offset the economic carnage caused by the coronavirus lockdowns. That extra ...
Business & Economics
A Better Alternative to More Coronavirus Stimulus Spending and Loan Programs
By Rod Richardson and Wayne Winegarden As the nation grapples with the ongoing coronavirus pandemic, the U.S. Senate may soon consider another federal stimulus package. Some politicians favor trillions in additional federal spending and lending, but before we further explode the debt and deficit, let’s pause and think about what ...
Blog
Latest Rankings Further Proof California Must Remove Barriers to Opportunity
Recently, I attended a webinar hosted by the Legatum Institute, a UK-based think tank, where they discussed the results of their latest “Prosperity Index”. According to the Index’s executive summary, Legatum hopes that “nations around the world (will) assess their strengths and weaknesses (in the rankings) to determine the economic ...
Biden’s Tax Plan: Where It Hurts Californians the Most
Right by the Bay has been following Sacramento’s tax raising schemes here, here, and here. But the state’s tax marauding politicians aren’t the only ones we should be worried about. Presidential candidate Joe Biden also wants Washington’s share of our wallet. Below are three proposed tax hikes that would be ...
Studies Show Wealth Tax Would Hurt California’s Economy
There are no state taxes on wealth in the U.S., but California is a good bet to be the first. The idea carries some political popularity, and its promises sound sweet, but what would be the reality if the legislation, Assembly Bill 2088, becomes law? A couple of Rice University ...
Jobless Californians May Have to Settle for $300
President Trump’s signature was barely dry when cash-strapped governors nationwide cried foul over his executive order to provide $400 of additional unemployment benefits a week for the country’s jobless, after negotiations on a new coronavirus stimulus package failed between the White House and Speaker Pelosi and Senate Minority Leader Schumer. ...
Wayne Winegarden Quoted in Newsweek on Congressional Stimulus Debate
Here’s Why Democrats Have An Edge Over Republicans in Stimulus Negotiations By: Jenni Fink, Newsweek The White House and Democratic Party leadership both cast blame for the stalemate over a stimulus package on the opposing side, but, in the battle for another round of relief, experts see Republicans as having ...
Congress Should Stimulate Economic Recovery By Empowering Businesses To Issue Tax-Free Debt
Congress and the Administration continue to debate the next stimulus bill. It will be much more effective, however, if we heed the lessons from the trillions of dollars that have already been spent battling the current recession. Some of the programs have helped individuals and businesses survive the economic lock-downs ...
High on Spending, Light on Stimulus: Legislative Democrats Propose $100 Billion Borrowing Plan
This week in Washington, Democrats and Republicans are squabbling over the next economic stimulus package. Republicans have proposed a roughly $1 trillion plan, while Speaker Pelosi is pushing a $3 trillion plan. The partisan haggling and negotiations via shuttle diplomacy have already begun. Upon returning from their summer recess, Sacramento ...
CalPERS and CalSTRS Annual Returns Latest Public Pension Crisis Warning Sign
The COVID-19 recession has fueled volatility in the financial markets. Investment portfolios saw sharp drops in March and April but have rebounded recently as the economy opened up in some areas. This volatility has negatively impacted public pension funds. The Sacramento Bee reported last week that, “California’s pension fund for ...
It’s time to bring our economy back to life. Paying workers to stay home won’t help
The federal government’s emergency unemployment benefits are set to expire this week. Set at $600 a week by the CARES Act — the economic rescue package Congress passed back in March — the emergency benefits were intended to supplement state unemployment insurance and offset the economic carnage caused by the coronavirus lockdowns. That extra ...
A Better Alternative to More Coronavirus Stimulus Spending and Loan Programs
By Rod Richardson and Wayne Winegarden As the nation grapples with the ongoing coronavirus pandemic, the U.S. Senate may soon consider another federal stimulus package. Some politicians favor trillions in additional federal spending and lending, but before we further explode the debt and deficit, let’s pause and think about what ...
Latest Rankings Further Proof California Must Remove Barriers to Opportunity
Recently, I attended a webinar hosted by the Legatum Institute, a UK-based think tank, where they discussed the results of their latest “Prosperity Index”. According to the Index’s executive summary, Legatum hopes that “nations around the world (will) assess their strengths and weaknesses (in the rankings) to determine the economic ...
