Category: Economics
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Does tax increment financing (TIF) deliver on its promise of jobs?
When looking at the entire picture, the effect on employment of tax increment financing, or TIF districts, used for retail development is negative.
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Wichita property taxes are high, leading to other problems
High business property taxes in Wichita cause officials to take an “active investor” role in economic development, despite evidence that this approach does not work.
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Wichita economic development: And then what will happen?
Critics of the economic development policies in use by the City of Wichita are often portrayed as not being able to see and appreciate the good things these policies are producing, even though they are unfolding right before our very eyes. The difference is that some look beyond the immediate — what is seen –…
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Sweatshops best alternative for some workers
While sweatshops are not the place most Americans would choose to work, they are often the best alternative available to workers in some countries. Pay is low compared to U.S. standards because worker productivity is low, and the process of economic development will lead to increases in productivity and pay. But most policies promoted to…
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Job creation at young firms declines
A new report by the Kauffman Foundation holds unsettling information for the future of job growth in the United States.
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Federal grants seen to raise future local spending
Not only are we taxed to pay for the cost of funding federal and state grants, the units of government that receive grants are very likely to raise their own levels of taxation in response to the receipt of the grants. This is a cycle of ever-expanding government that needs to end, and right now.
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Public opinion on debt ceiling and government spending
While the economic future of the United States seems grim, the encouraging news is that large swaths of Americans are starting to understand the reality of the situation and what must be done to place our economic house in order.