The Blog

Economic freedom leads to better lives for all

Economic freedom, in countries where it is allowed to thrive, leads to better lives for people as measured in a variety of ways. This is true for everyone, especially for poor people. This is the message presented in a short video based on the work of the Economic Freedom of the World report, which is a project of Canada's Fraser Institute. This video is made possible by the Charles G. Koch Charitable Foundation. One of the findings highlighted in the presentation is that while the average income in free countries is much higher than that in the least-free countries, the…
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Corporate income tax rates in U.S. and other countries

Corporate income tax rates in U.S. and other countries

Over the past two decades most large industrial countries have reduced their corporate income tax rates. Two countries, however, stand out from this trend: France and The United States. In Abolish the Corporate Income Tax economist Laurence J. Kotlikoff writes "I, like many economists, suspect that our corporate income tax is economically self-defeating -- hurting workers, not capitalists, and collecting precious little revenue to boot." High taxes in America cause companies to invest overseas in order to escape these high American taxes. For example, Apple takes steps to minimize the income tax it pays, as do most companies. In Calculating…
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Wichita schools may ask for higher taxes

The Wichita Eagle reports that the Wichita public school district may ask for more property tax revenue. Following are some charts for this district. The chart of spending is per student, inflation adjusted. On the enrollment and employment chart, note that the ratio of employees -- including teachers -- to students has been on a mostly downward trend for many years. Click charts for larger versions.
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Cash incentives in Wichita still in use

Wichita is moving away from the use of cash incentives for economic development, except for this. We’ve been told that the city is not going to use cash incentives for economic development. But an item the Wichita City Council will consider this week includes a cash grant of $30,000. It follows a similar project the council considered two weeks ago that included a grant of $10,000. These grants are part of the city's facade improvement program. Under it, properties in certain parts of the city can apply to use special assessment financing to pay for the improvement of their outside…
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With tax exemptions, what message does Wichita send to existing landlords?

With tax exemptions, what message does Wichita send to existing landlords?

As the City of Wichita prepares to grant special tax status to another new industrial building, existing landlords must be wondering why they struggle to stay in business when city hall sets up subsidized competitors with new buildings and a large cost advantage. From June 2014. Tomorrow the Wichita City Council considers whether to grant property and sales tax exemptions to a proposed speculative industrial building in north central Wichita. If approved, this will be the second project undertaken under new economic development policies that allow for this type of tax exemption. City documents estimate that the property tax savings…
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