Joseph Coletti

Senior Fellow

Posts by Joseph Coletti (page 4)

  • Why charitable contributions are tax deductible

    One of the currently fashionable complaints about charitable and philanthropic giving of even left-leaning billionaires like Jeff Bezos is that the money does nothing to help the poor or reduce income inequality. James Piereson and Naomi Schaefer Riley in an essay at Commentary  argue that charitable giving receives a tax…
    Joseph Coletti, November 30, 2018
  • What if we monitored hurricane relief distribution?

    Before Hurricane Florence hit, Republican legislators had criticized Gov. Roy Cooper for the slow pace of distributing relief funds after 2016’s Hurricane Matthew. Research in India points to the potential for follow-up phone calls to make sure people get the help they have been promised. Just telling randomly selected…
    Joseph Coletti, November 28, 2018
  • Unemployed and overly optimistic

    People who are unemployed start their job search with needed optimism, like new entrepreneurs. Their optimism is generally too high for their situation, particularly when they have been unemployed for a long time, but their lack of success finding a job does little to temper their optimism.  New research…
    Joseph Coletti, November 27, 2018
  • Cyber Monday and the Internet sales tax

    Have you been busy taking advantage of the CyberMonday deals available online today through Wayfair, Overstock, or other online retailers not based in North Carolina? The North Carolina Department of Revenue (NCDOR) tried to make shopping more cumbersome for you and those companies. Instead of waiting for direction…
    Joseph Coletti, November 26, 2018
  • When North Carolina made its own money

    University of Delaware Professor Farley Grubb has developed an impressive body of work examining colonial-era money. He and his former student Cory Cutsail have a new working paper in which they reconstruct North Carolina’s history from 1712 to 1774 issuing its own money, and what exactly that money was.
    Joseph Coletti, November 19, 2018
  • People give to charities for more than tax deductions

    Nonprofit organizations, like retailers, earn a significant portion of their revenue for a year between Thanksgiving and New Year’s. This was the case even before Giving Tuesday. What better time to consider why people give in the first place? Giving USA estimates that tax reform’s change in the…
    Joseph Coletti, November 16, 2018
  • Unintended consequences in markets lead to market opportunities

    If you’re on this blog, you are probably familiar with Say’s Law that “supply creates its own demand.” In its original formulation, it meant that people could only buy stuff with the income they earned from making stuff. It ignores the ability of people to change the timing of their…
    Joseph Coletti, November 14, 2018
  • Local debt means future taxes

    A simple change to ballot language and another small change in ball could have huge impacts on local borrowing. Dan Way reported for Carolina Journal that “Debt fared better than taxes in local referendums.” Only one bond referendum failed. Wake County alone received permission from voters to issue $1.017 billion…
    Joseph Coletti, November 13, 2018