Economy
Blog
Beware of Tax Reform’s “Unintended Consequences”
There is little doubt that the U.S. needs comprehensive tax reform. The corporate income tax system is globally uncompetitive; the personal income tax system is so complicated that even the IRS can’t answer taxpayers’ questions. The right reform implements a simple flat tax system with globally competitive rates. What should ...
Blog
An (Artificially) Intelligent Future for California?
Californians harboring dystopian fears would have us believe that the state is sowing the seeds of its own destruction by leading in the development of artificial intelligence. Consider state legislation introduced this year that would fine companies like Uber $25,000 a day per vehicle if they operate self-driving cars without ...
Business & Economics
Government Should Leave Sharing Economy Alone
Governments tend to target innovative industries that are too new to be regulated and single them out for punitive taxes and nasty abuse. As Art Laffer once put it, governments aren’t happy when business pioneers enjoy “success without the benevolent, guiding wisdom of” of the regulatory state. This was the ...
Business & Economics
To Grow California’s Economy, Legislature Must Act to Stop Junk Lawsuits
California’s business climate is more predictable than its weather. It’s always one storm after the other. Companies relocate to states where they are welcomed rather than vilified and preyed upon. Capital is moved to more jobs-friendly states. Productive workers just get out, or are left behind with few good opportunities ...
Business & Economics
How To Create A High-Growth Economy
Click here to read part 1 of “Beyond the New Normal” by Wayne Winegarden and Niles Chura For more than a decade federal policy has re-shaped the economy through a variety of activist policies. Taxes have risen, spending has increased, and the regulatory state has been empowered. The Federal Reserve, ...
Business & Economics
Beyond the New Normal – New Study: Slow Economic Growth Is Not “The New Normal” For U.S. Economy
Countering the narrative that slow economic growth is “the new normal” for America’s economy, the Pacific Research Institute today released the first in a series of reports from its new study, Beyond the New Normal, which makes the case that future U.S. economic growth can meet –or exceed – past ...
Business & Economics
Beyond the New Normal – New Study: Slow Economic Growth Is Not “The New Normal” For U.S. Economy
Countering the narrative that slow economic growth is “the new normal” for America’s economy, the Pacific Research Institute today released the first in a series of reports from its new study, Beyond the New Normal, which makes the case that future U.S. economic growth can meet –or exceed – past ...
Business & Economics
U.S. economy needs free trade
American officials are currently negotiating a free-trade deal known as the Trans-Pacific Partnership with their counterparts in Japan and 11 other Pacific Rim countries. If successful, the benefits to American consumers and producers would be significant. By some estimates, an agreement could grow the U.S. economy by $77 billion a ...
Business & Economics
Brown should go back to idea of a flat tax to help economy
Gov. Jerry Brown just signed bills finalizing California’s budget and closing the Golden State’s $16 billion budget deficit. But the governor’s budget is contingent on voters approving a proposed $8.5 billion tax hike at the ballot box this November. If they don’t, some $6 billion in spending cuts will go ...
Business & Economics
Educated Legislators, Bad Economy
California has the most educated legislators, according to a recent Chronicle of Higher Education study. Those stellar academic credentials, unfortunately, have not lifted the state from its economic malaise. California’s unemployment rate, as of May, is nearly 12 percent, higher than every state in the bottom five of the study. ...
Beware of Tax Reform’s “Unintended Consequences”
There is little doubt that the U.S. needs comprehensive tax reform. The corporate income tax system is globally uncompetitive; the personal income tax system is so complicated that even the IRS can’t answer taxpayers’ questions. The right reform implements a simple flat tax system with globally competitive rates. What should ...
An (Artificially) Intelligent Future for California?
Californians harboring dystopian fears would have us believe that the state is sowing the seeds of its own destruction by leading in the development of artificial intelligence. Consider state legislation introduced this year that would fine companies like Uber $25,000 a day per vehicle if they operate self-driving cars without ...
Government Should Leave Sharing Economy Alone
Governments tend to target innovative industries that are too new to be regulated and single them out for punitive taxes and nasty abuse. As Art Laffer once put it, governments aren’t happy when business pioneers enjoy “success without the benevolent, guiding wisdom of” of the regulatory state. This was the ...
To Grow California’s Economy, Legislature Must Act to Stop Junk Lawsuits
California’s business climate is more predictable than its weather. It’s always one storm after the other. Companies relocate to states where they are welcomed rather than vilified and preyed upon. Capital is moved to more jobs-friendly states. Productive workers just get out, or are left behind with few good opportunities ...
How To Create A High-Growth Economy
Click here to read part 1 of “Beyond the New Normal” by Wayne Winegarden and Niles Chura For more than a decade federal policy has re-shaped the economy through a variety of activist policies. Taxes have risen, spending has increased, and the regulatory state has been empowered. The Federal Reserve, ...
Beyond the New Normal – New Study: Slow Economic Growth Is Not “The New Normal” For U.S. Economy
Countering the narrative that slow economic growth is “the new normal” for America’s economy, the Pacific Research Institute today released the first in a series of reports from its new study, Beyond the New Normal, which makes the case that future U.S. economic growth can meet –or exceed – past ...
Beyond the New Normal – New Study: Slow Economic Growth Is Not “The New Normal” For U.S. Economy
Countering the narrative that slow economic growth is “the new normal” for America’s economy, the Pacific Research Institute today released the first in a series of reports from its new study, Beyond the New Normal, which makes the case that future U.S. economic growth can meet –or exceed – past ...
U.S. economy needs free trade
American officials are currently negotiating a free-trade deal known as the Trans-Pacific Partnership with their counterparts in Japan and 11 other Pacific Rim countries. If successful, the benefits to American consumers and producers would be significant. By some estimates, an agreement could grow the U.S. economy by $77 billion a ...
Brown should go back to idea of a flat tax to help economy
Gov. Jerry Brown just signed bills finalizing California’s budget and closing the Golden State’s $16 billion budget deficit. But the governor’s budget is contingent on voters approving a proposed $8.5 billion tax hike at the ballot box this November. If they don’t, some $6 billion in spending cuts will go ...
Educated Legislators, Bad Economy
California has the most educated legislators, according to a recent Chronicle of Higher Education study. Those stellar academic credentials, unfortunately, have not lifted the state from its economic malaise. California’s unemployment rate, as of May, is nearly 12 percent, higher than every state in the bottom five of the study. ...
