What is happening in California?

What Is Happening in California and Connecticut Need Not Happen In New Hampshire

What is happening in California? States know their revenue streams have taken a hit. In New Hampshire, the shortfall will be half to three-quarters of a billion dollars. The upcoming legislative session will be a test.

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Taxes: Can we have too much of a good thing?

Progressive taxes: What is the definition of too much? Americans generally accept the concept of progressive tax rates. We do. That is a fact of life. But our tax rates must not be punitive or de-motivating. Allowing those things to occur causes damage to the social fabric. That is the problem with socialism. What Socialists … Read more

A tale of Opportunity – it isn’t where you think it is.

From Cafe Hayek (emphasis mine):

Not only capital but also people move to where there is opportunity; and this is an essential part of creating new wealth and prosperity. This was dramatically illustrated for me in 1978, during a taxicab trip from the Wellington, New Zealand, airport to my hotel. The driver was friendly, and I asked, “Tell me about your country.” He replied, “It’s really wonderful. I don’t like paying half my small salary in taxes, but we receive so much that is free: health benefits, prescriptions, free education through college and advanced graduate study. I am just a cab driver, but my son is going to be a medical doctor. He has finished his medical degree and internship, and will begin practicing next year.”

Isn’t a socialized society just grand!  I bet his son will have have a lovely career where everything is free (after, ahem, large chunks of your wages for taxes).

Oh wait – no!

In recognition of his obvious pride, I said, “How wonderful. You have every right to be proud. Is he going to practice in Wellington?” He replied, “Oh no, he’s going to Australia. You can’t make any money here.” The New Zealand economic crisis hit about two years later. New Zealand could not compete in world markets – and could no longer afford socialism.

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