Corporate welfare

From Pachyderm: Robert L. Bradley, Jr.

From Pachyderm: Robert L. Bradley, Jr.

From the Wichita Pachyderm Club: Robert L. Bradley, Jr. He is CEO and Founder of Institute for Energy Research, visiting fellow at the Institute of Economic Affairs in London, and an adjunct scholar at both the Cato Institute and the Competitive Enterprise Institute. His topic at the Pachyderm Club was "The Contra-Capitalist Corporation (In Search of Heroic Capitalism)." This audio recording was made on November 2, 2018. The accompanying visual presentation may be viewed here. Shownotes Institute for Energy Research and on Facebook Books by Robert Bradley: Enron Ascending: The Forgotten Years, 1984-1996, Capitalism at Work, Edison to Enron: Energy…
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Sedgwick County’s David Dennis on economic development

Sedgwick County’s David Dennis on economic development

Following the Wichita Mayor, the Chair of the Sedgwick County Commission speaks on economic development. Last week Sedgwick County Commissioner David Dennis penned a column for the Wichita Eagle praising the county's efforts in economic development. [1. David Dennis. Sedgwick County part of drive to strengthen area workforce. Wichita Eagle, March 5, 2018. Available at http://www.kansas.com/opinion/opn-columns-blogs/article203559734.html.] Dennis is also chair of the commission this year. In his column, the commissioner wrote: "Economic development is a key topic for the Board of County Commissioners and for me in particular. Right now we have a lot of momentum to make our community…
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In Wichita, three Community Improvement Districts to be considered

In Wichita, three Community Improvement Districts to be considered

In Community Improvement Districts (CID), merchants charge additional sales tax for the benefit of the property owners, instead of the general public. Wichita may have an additional three, contributing to the problem of CID sprawl. This week the Wichita City Council will hold public hearings considering the formation of three Community Improvement Districts. In Kansas Community Improvement Districts, merchants charge additional sales tax for the benefit of the property owners, instead of the general public. [1. Weeks, Bob. Community improvement districts in Kansas. Available at https://bobw7.sg-host.com/kansas-government/community-improvement-districts-kansas/.] Each of these CIDs will charge customers additional sales tax, with a cap on…
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Spirit expands in Wichita

Spirit expands in Wichita

It's good news that Spirit AeroSystems is expanding in Wichita. Let's look at the cost. While it is good news that Spirit AeroSystems is expanding its Wichita operations, it is not without cost to several governmental agencies. Here's a summary of what is publicly available so far. First, a new "entity" will be formed in order to facilitate the construction and ownership of a new building on the Spirit campus. [1. "The CITY, COUNTY and COMPANY would each take action to establish a new legal entity separate and apart from the CITY, COUNTY and COMPANY for development of the PROJECT…
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Wichita Chamber calls for more cronyism

Wichita Chamber calls for more cronyism

By advocating for revival of the Export-Import Bank of the United States, the Wichita Metro Chamber of Commerce continues its advocacy for more business welfare, more taxes, more wasteful government spending, and more cronyism. That may be surprising to read. Most people probably think that local chambers of commerce -- since their membership is mostly business firms -- support pro-growth policies that embrace limited government and free markets. But that’s usually not the case. It’s certainly is not the case in Wichita, where the Chamber supports higher taxes,[1. Weeks, B. (2015). Wichita Chamber speaks on county spending and taxes. Voice…
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Export-Import Bank threatens a revival

Last week members of the United States House of Representatives successfully executed a maneuver that will force a vote on the reauthorization of the Export-Import Bank of the United States. The method used, a discharge petition, was signed by well over a majority of House members, including perhaps 42 Republicans. If the petition signers vote the same way, the bill to reauthorize the Ex-Im Bank will pass the House. It will then move to the Senate for consideration. No members of the House of Representatives from Kansas signed the discharge petition. In July a vote on an amendment in favor…
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Another week in Wichita, more CID sprawl

Another week in Wichita, more CID sprawl

Shoppers in west Wichita should prepare to pay higher taxes, if the city approves a Community Improvement District at Kellogg and West Streets. Next week the Wichita City Council will consider the formation of a Community Improvement District (CID) surrounding the intersection of Kellogg and West Streets. CIDs are a relatively recent creation of the Kansas Legislature. In a CID, merchants may charge additional sales tax, up to an extra two cents per dollar. For more about their mechanism, see Community improvement districts in Kansas. In the present case, the developer proposes to charge an extra one cent per dollar…
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Wichita CID illustrates pitfalls of government intervention

Wichita CID illustrates pitfalls of government intervention

A proposed special tax district in Wichita holds the potential to harm consumers, the city's reputation, and the business prospects of competitors. Besides, we shouldn't let private parties use a government function for their exclusive benefit. This week the Wichita City Council will consider the formation of a Community Improvement Districts to benefit a proposed hotel in west Wichita. CIDs are a relatively recent creation of the Kansas Legislature. In a CID, merchants may charge additional sales tax, up to an extra two cents per dollar. For more about their mechanism, see Community improvement districts in Kansas. In the present…
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Wichita Chamber speaks on county spending and taxes

Wichita Chamber speaks on county spending and taxes

The Wichita Metro Chamber of Commerce urges spending over fiscally sound policies and tax restraint in Sedgwick County. Today the Wichita Metro Chamber of Commerce issued a "key vote" alert. This procedure, used by political groups of all persuasions, alerts elected officials that the Chamber prefers a certain outcome on an issue. Those who vote in harmony with the Chamber are likely to receive support in their next election, while the noncompliant are implicitly threatened with opponents the Chamber will support. Here's what the Chamber sent to commissioners: From: Barby Jobe Sent: Tuesday, August 11, 2015 2:47 PM TO: SEDGWICK…
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