Tag Archives

Archive of posts published in the tag: California

Tax Math Reality

“A key principle here is that the overall marginal tax rate matters.  There is a tendency, especially on the left, to quote only the top Federal marginal rate of about 40%, and to say therefore that high income Americans pays less taxes than most of Europe. But that argument forgets we also pay state and sometimes local taxes.”

Read More

Supply, Demand, and Finance

Kevin Williamson follows in the footsteps of Henry Hazlitt in his clarity of economic and political issues. Like Hazlitt he is not a professionally trained economist, but brings a writer’s clarity to the subject.  I have probably excerpted him more…

Read More

California NIghtmare

Will California Ever Thrive Again?– Victor Davis Hanson in National Review Excerpts: One in three American welfare recipients resides in California. Almost a quarter of the state population lives below or near the poverty line. Yet the state’s gas and…

Read More

Progressive Inequality

The Golden State is now home to 111 billionaires, by far the most of any state. In total, California billionaires personally hold assets worth $485 billion, more than the entire GDP of all but 24 countries in the world. At…

Read More

California Nightmare

From the Wall Street Journal Opinion section, Allysia Finley writes The Reverse- Joads of California, 3/3/13. Excerpts: As it happens, most of California’s outward-bound migrants are low- to middle-income, with relatively little education: those typically employed in agriculture, construction, manufacturing,…

Read More

The Wrong Side of Reality

We long ago passed the bar of a strong socialist element in our government.  When we have a strong growing economy it becomes hard to say no to the less fortunate without feeling greedy or selfish.  But financial setbacks cause…

Read More

The Most Free and Unfree

One of the benefits of a federalist system is the opportunity of states to experiment with policies (such as health care) and observe the outcome.  It also gives us a chance to see what does not work. Victor Davis Hanson…

Read More