Capitalism

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    Businesses Prefer More Sensible Government Policies over Tax Incentives

    Senate Bill 820 made it’s way through the North Carolina General Assembly quickly last week. It now puts into law more tax incentives for big businesses. These corporate giveaways provide financial assistance and tax advantages to wealthy corporations but JLF’s Jon Sanders points out that businesses would rather have…
    Anna Manning, December 11, 2018
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    Economic Incentives Unlikely To Influence Corporate Relocations – No Surprise There!

    Senate Bill 820, approved by the NC Senate this week, would choose “economic development” policies over economic growth policies.  John Locke Foundation’s Jon Sanders and Dr. Roy Cordato explain the difference between economic development and economic growth and how this is not a good choice: Policies for economic development “target specific…
    Anna Manning, December 4, 2018
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    Scooters, Competition, and Entrepreneurship

    As cities like Raleigh grapple with how to react to the e-scooter revolution, at least one of the major scooter operators is already extending its business model by offering the chance to become a scooter entrepreneur. smartcitiesdive.com has the details: Bird will now let individuals manage and rent…
    Donna Martinez, December 3, 2018
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    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
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    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
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    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
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    Democratic Socialism in Action

    Yesterday, the New York Times reported that, “For at least two decades, the New York City Housing Authority routinely disputed tests that revealed lead in its apartments. Private landlords almost never do this.” The story starts with a single poignant example of how the Housing Authority has been mistreating…
    Jon Guze, November 19, 2018
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    Pouring cold water on the socialist myth

    Charles Calomiris explains in an Economics21 column that socialism is “the opiate of the corrupt and ignorant.” The overarching message of “The Opportunity Cost of Socialism”—a study recently released by the President’s Council of Economic Advisers (CEA)—is that the advocacy of socialism cannot reasonably be based on policy…
    Mitch Kokai, November 19, 2018