Every Peggy Noonan essay I've read since last fall, maybe earlier, sounded like gobbledygook to me. She used to be so good. Now I think she's become too enamored with herself to write well. Or maybe the WSJ has changed her.
They say that as goes California, so goes the nation. If that's true, California voters gave us a some very good news yesterday, rejecting more taxes as a solution to California's budget woes. If even liberals in California are finally fed up with Democrat and Democrat-lite dominated government, there's still hope for the country. The only ballot measure they passed was the one banning pay raises for government employees while the state runs deficits. Every government should have that restriction.
Study documents the tremendous damage high taxes to do people. This is a must read essay.
Updating some research from Richard Vedder of Ohio University, we found that from 1998 to 2007, more than 1,100 people every day including Sundays and holidays moved from the nine highest income-tax states such as California, New Jersey, New York and Ohio and relocated mostly to the nine tax-haven states with no income tax, including Florida, Nevada, New Hampshire and Texas. We also found that over these same years the no-income tax states created 89% more jobs and had 32% faster personal income growth than their high-tax counterparts.You don't have to be Milton Friedman to understand that if you want prosperity in your city, state or country, you dramatically lower taxes, abolish income taxes and cut government spending accordingly. Period.
Android phone is merging with handheld gaming systems.
Mises scholar suggests that open-minded skepticism and reason leads one to libertarianism. I absolutely agree.
Modern day terminator robots.
Health care companies say Obama overstated their ability to cut health care costs. Obama exaggerate and misinform? Say's it's not so.
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