Tag: Subsidy
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Research on economic development incentives
All of the aforementioned studies, which find business location decisions to be favorably influenced by targeted tax incentives, also conclude that the benefits to the communities that offered them were less than their costs.
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WichitaLiberty.TV July 28, 2013
In this episode of WichitaLiberty.TV, economist Dr. Russell Sobel joins host Bob Weeks. Topics include local economic development incentives, the environment of favor-seeking, how regulation stifles entrepreneurship, the seen and the unseen, the broken window fallacy, and Dr. Sobel’s research on how intergovernmental grants lead to higher taxes.
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So far, no flood of Wichita water rebates
Low utilization of a Wichita rebate program could be good news, if the city acts in the right way.
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Wichita airfares, on the rise
A survey shows that airfares in Wichita have both fallen and risen in recent years, even though the City of Wichita, Sedgwick County, and the State of Kansas spend millions each year to keep airfares low.
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Sedgwick County votes for harmful intervention
It’s harmful when citizens are not armed with information and research. But when government officials and bureaucrats with the power to tax and plan our economies are uninformed, people suffer as our economy becomes less prosperous than it could be.
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Business tax credits more desired than zero tax rates
A Kansas business welfare program is more attractive and valuable than elimination of the Kansas corporate income tax, at least for some influential corporations in Kansas.
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Why is business welfare necessary in Wichita?
A company in Wichita requires business welfare in order to capture a new business opportunity. What’s wrong with this picture?
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Paying taxes, but not quite
A complicated economic development mechanism used in Wichita hides the true business welfare transaction.
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The candlemakers’ petition
The arguments presented in the following essay by Frederic Bastiat, written in 1845, are still in use in city halls, county courthouses, school district boardrooms, state capitals, and probably most prominently, Washington
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Derby forms a TIF district
The city of Derby, Kansas has formed a tax increment financing (TIF) district. TIF is a method of diverting the normal flow of property tax revenue so that it benefits private interests rather than the public treasury.
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Wichitans taxed into a lower standard of living
To the extent that rebates fund the replacement of fully-functional toilets, civilization takes a step backwards, thanks to the Wichita City Council.