Economics

Want Low Income Taxes? Don’t Live in This State.0
- Economics
- October 18, 2018
Taxes are the price that regular people pay for government spending. Whether that spending goes to things and services that people want, like road repairs, schools, fire and police protection, trash pickup, public parks, or to things that people don’t really want, like sports stadiums or excessively lavish pension benefits for bureaucrats, the bill for all these
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Why Federal Debt Is Damaging 0
- Economics
- October 17, 2018
The U.S. Treasury reports that the federal budget deficit was $779 billion in fiscal 2018. The deficit is caused by spending in excess of tax revenues and is financed by borrowing from foreign and domestic creditors. Federal spending in 2018 was $4,108 billion and tax revenues were $3,329 billion, so Congress financed 19 percent of its spending
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Forget Lemonade Stands, These ‘Kidtrepreneurs’ Are Running Million-Dollar Companies 0
- Economics
- October 9, 2018
When most of us think of child entrepreneurs, our minds conjure up pictures of neighborhood lemonade stands and summer lawn mowing gigs. But in the modern marketplace, today’s “kidtrepreneurs” aren’t just running small-scale businesses anymore—they are well on their way to building commercial empires. Some are so successful, their parents have even had the rare
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Is Amazon’s Minimum Wage Move a Political Ploy?0
- Economics
- October 4, 2018
Amazon made headlines yesterday after it announced it would raise its minimum wage to $15 an hour, a move that will impact more than 350,000 of its U.S. employees beginning November 1st. This decision came in the wake of harsh criticisms claiming that the online retailer both underpays and mistreats its workers. And while these
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The One Question You Can Ask to Uncover a President’s Economic Principles 0
- Economics
- October 3, 2018
Anonymous, a senior administration official writing in The New York Times, wants us to know President Trump “is not moored to any discernible first principles that guide his decision making.” Presumably, Anonymous believes other recent presidents operated by principles, and we can wonder who Anonymous thinks those presidents were and what principles he believes guided them. A
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Unboxing Amazon’s New $15 per Hour Minimum Wage 0
- Economics
- October 3, 2018
Many people assume that to raise wages, big companies must be dragged along by government policy. Amazon’s eye-opening announcement yesterday suggests otherwise. The online retail giant announced it would raise its company minimum wage to fifteen dollars per hour, and lobby for an increase in the federal minimum wage. This new policy is not merely cosmetic. Amazon’s
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