There is a growing trend of late, where individuals seeking emergency medical attention have opted to use ridesharing services to transport themselves to the emergency room instead of relying on a traditional government ambulance.
Connecticut was a tax haven in the North East until 1991, when it enacted an income tax that has become more and more progressive over the years. The result? Citizens fleeing the state for more tax-friendly ones and, ironically, less revenue for Connecticut.
The New York Times has issued a major blast against the gig economy, and it has all the features of this genre of writing: find anything in the sector that might be improved, or is improving, and treat it as something government should crush immediately, regardless of the results for people who are actually choosing in favor of this form of market participation.
British commentator Owen Jones was published yesterday by the New York Times, with a piece entitled " Why Britain's Trains Don't Run on Time: Capitalism." I've learned through experience not to judge articles by headlines, but this one seems especially curious, given 89.1 per cent of trains were, in fact, on time in 2015/16-a figure that has improved somewhat since 1997, just a couple of years after some of British Rail was part-privatized.
This state has some of the most burdensome licensing requirements in the country, with some 64 low- to moderate-income professions requiring licenses, even door repairman have to get the state's permission to work. Luckily, Arizona Governor Ducey is leading the charge on reform.
The good news is that the House put together an Obamacare-repeal bill that reduced the fiscal burden of government. The bad news is that the legislation didn't address the regulations and interventions that produce rising costs and sectoral inefficiency because of the third-party payer problem.
At close to 40 percent when including state rates, the U.S. corporate tax rate is one of the highest in the world. By comparison, the average corporate tax rate among nations in the Organization for Economic Cooperation and Development stands at 25 percent.
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In the United States, transit projects are chronically expensive and time-consuming. With the collapse of Highway I-85 in Atlanta, Georgia, and the nation's Highway Trust Fund rapidly approaching insolvency, when are we going to admit that our approach to infrastructure simply does not work?
I sometimes feel like a broken record about entitlement programs. How many times, after all, can I point out that America is on a path to become a decrepit European-style welfare state because of a combination of demographic changes and poorly designed entitlement programs? But I can't help myself.
Bill Gates was on the news recently, and said that by using robots for some work tasks, we are denying the government the income tax it would otherwise be taking from human employees. To fix this "problem," Gates suggested we impose an income tax on these robots.
More than a year ago, Uber and Lyft warned the city council of Austin that if they passed a package of burdensome fingerprinting requirements for ridesharing companies, Austinites might be left without options. The sponsor of the regulation, Ann Kitchen, issued a sharp rebuke.
Contrary to conventional wisdom, many US cities have a lot to learn from Houston. Houston has largely opted out of the misguided development restrictions, out-of-date urban planning regimes, and burdensome regulations that are forcing middle- and lower-class Americans out of other large cities.
The Spanish, Italian, and Swedish governments are all encouraging their citizens to have more babies. It sounds harmelss and cute until you look at the history of American slavery and realize the precedent is not a mere love of babies, but a love of continuing the welfare state.
A few years ago, recess was on the verge of extinction, crowded out by high-stakes testing and concerns over potential injuries or schoolyard bullying. Recess, however, has come roaring back in popularity as parents and teachers have realized how essential it is to the growth and development of children.
We are quickly approaching the deadline for filing (and paying) our federal and state income taxes, and that means it's time for an annual post to help put things in perspective. Let's start with some historical perspective: when income tax began in 1913, the maximum marginal income was only 7% on incomes above what would be more than $12 million in today's dollars.
The Tax Revolution Institute isn't marching or writing letters. No, this year, they're protesting our 74,000-page theft code by... reading it. In front of the IRS building. For the whole world to see. All day. It's happening right now and you can watch it here.
The state of Connecticut has a budget shortfall, and the legislature has thought of a brilliant way to solve it: they are going to steal the money out of citizens' state retirement accounts. The legislature's plan is to look at the retirement accounts of previous Connecticut government employees who have moved out of the state and take 30% of those savings.
The centerpiece of President Trump's tax plan is a 15 percent corporate tax rate. Republicans in Congress aren't quite as aggressive. The House GOP plan envisions a 20 percent corporate tax rate, while Senate Republicans have yet to coalesce around a specific plan.
San Francisco's housing crisis is the result of bad policy and terrible incentives, not an influx of techie transplants. Rent control will make it worse. The solution is to liberalize the permitting process and modify the tax structure so people are incentivized to use land more efficiently.
In 2016, a group of students on the UC Berkeley campus physically blocked other students from passing through the iconic Sather Gate, barring the path to anyone not considered to be part of a minority class. Some students were told to walk the long way around despite their effort to be otherwise uninvolved.
When I warn about the fiscal and economic consequences of America's poorly designed entitlement programs (as well as the impact of demographic changes), I regularly suggest that the United States is on a path to become Greece. Because of Greece's horrible economy, this link has obvious rhetorical appeal.
Prominent libertarian journalist James Bovard explains the bitter truth about sugar policy and NAFTA: "Mexican and U.S. government officials strongly disagree over the details of how many benefits were promised to Mexican sugar growers. The years-long controversy recently spurred the Mexican government to cancel all sugar export permits.
The Foreign Account Tax Compliance Act (FATCA) is an odious law enacted back in 2010 when the left controlled all the levers of power. It's horrible legislation that threatens the rest of the world with a 30 percent levy on all money flowing out of the United States unless they agree to serve as deputy tax collectors for the IRS.
Venezuelan activist and architect Javier Garcia Hernandez is only 37, but he's seen and been through more than anyone normally would in the US. Hernandez was in Atlanta recently and had a chance to talk with FEE president Lawrence W. Reed about what life in Venezuela is like.
The United States is going to become another Greece, and it's largely because of poorly designed entitlement programs. As the old saying goes, demography is destiny. Let's look at just one piece of that puzzle.
Donald Trump said the following in his recent address to a joint session of Congress: To launch our national rebuilding, I will be asking the Congress to approve legislation that produces a $1 trillion investment in the infrastructure of the United States-financed through both public and private capital-creating millions of new jobs.
CalExit could very well lead to disaster if people and businesses decided to vote with their feet. Of course, independence could also have a sobering effect on the state's kleptocrats and help them to recognize the importance of quasi-sensible policy.
Maximizing government revenue shouldn't be the goal, but even if it was, our political overlords get more revenue from a lower corporate tax rate. The number crunchers at the Tax Foundation estimate that the long-run revenue-maximizing rate is about 15 percent.
I don't have strong views on global warming. Or climate change, or whatever it's being called today. But I've generally been skeptical about government action for the simple reason that the people making the most noise are statists who would use any excuse to increase the size and power of government.
The lofty goals of federal programs often differ from the actual results. It turns out that about $15 billion of food stamp benefits are spent on junk food every year. Apparently, recipients are not making the nutritious and healthy choices that the government promised.
The security lines at the Atlanta airport had grown progressively worse. The lines grew longer, the crowds ever more unruly, the invasiveness of the process ever more intense, the mood of the TSA more crabby and scary. Customers were miserable. It had been getting more terrible all the time, unsustainably so.
Starting my day off with butter coffee is a must. On any given day, you can open up my refrigerator and see it packed to the brim with beautiful, metallic gold, rectangular boxes, filled with rich, grass-fed Kerrygold butter just waiting to take a dip in my scalding cup of coffee.
Early last month, in a column on my hopes and fears for 2017, I fretted about fiscal chaos in Italy leading to default and bailouts. Simply stated, I fear that Italy, along with certain other "Club Med" nations, has passed the point of no return in terms of big government, demographic decline, and societal dependency.
If you wouldn't object to China sending products to the United States for free, then on what basis would you object to currency "manipulation" that allows you and millions of fellow Americans to purchase undervalued Chinese imports at a huge discount?
The ability of Bitcoin to resist inflation, its characteristic independence towards government legislation among several other qualities, makes it an automatic safe haven for embattled economies. On Monday, Feb. 6, 2017, youths across different cities of Nigeria took to the streets to protest against the leadership of the nation.
There is a growing appetite around the world for competitive tax systems. But right now in Australia, we are " pricing ourselves into oblivion." The last time business investments were falling this fast was during the early 1990s recession.
When I debate one of my leftist friends about deficits, it's often a strange experience because none of us actually care that much about red ink. Restraint v. Tax Increases I'm motivated instead by a desire to shrink the burden of government spending, so I argue for spending restraintrather than tax hikes that would " feed the beast."
France is in big trouble. France pays the highest tax rates in Europe. The fiscal sectors are so bad that even parts of the government are concluding that market-based reforms are necessary. And they don't have any presidential candidates that stand for liberty.
Within a week of the new regulations going into effect, New York City lawmakers were eager to make an example of those continuing to list short-term rental properties online. Fried and Cames are, unfortunately, the state's Guinea pigs, used to see just how much the authorities can get away with when it comes to penalizing those participating in the homesharing economy.
When I wrote back in 2012 that France was committing fiscal suicide, I should have guessed that President Hollande would get impatient and push for even more statism. Sure enough, the BBC reports that France's President has a new plan. The ostensible goal is to reduce unemployment, but the practical effect is to expand the...
I recently ordered a sweater that ended up caught in limbo between UPS and USPS for two weeks. But then a cold front came, it no longer felt like summer outside, and I wanted my sweater. So I did the obvious thing and got on Twitter.
California's "skyrocketing" housing costs and high tax rates have prompted an "exodus of residents." Nestlé USA is moving its US headquarters from California to Virginia. In 2010, Northrop Grumman Corp. moved its headquarters out of California, leaving the state that gave birth to the aerospace industry without a single major military contractor based there.
The dream of any decent libertarian is to watch those in power running from the public eye as a deer runs from a wolf: to eat popcorn while watching an endless procession of handcuffed politicians off to the jailhouse, and ultimately to dance and drink champagne at the funeral ceremony of the political establishment.
It's no secret that the college degree has long been considered a path to success. It's also no secret that those who take that pathway are more often than not ending up in the mire of student debt - and struggling to get out.