There was a lot of joking about this last year, because the Daily Show featured the idea as kooky. But after the hype, one was left with the impression that the state wasn't actually going to go ahead with it.
A year later, one wonders. Did they? I hadn't heard anything in the news about it. Well, that's because there wasn't any mention. The Arizona Republic didn't mention the sale until 6 months after Brewer's office put out a press release on the sale on January 14, 2010.
January 14, 2010: http://www.azdoa.gov/news/011410release.pdf
June 11, 2010: State-building sales net $300 mil for Arizona budget
After studying economics for 6 years, which availed me of the merits of free markets, I have circled back to the conclusion that, overall, Democrats will benefit most people in the long run far more than Republicans. I chronicle my observations in this blog.
Learn Econ on Wikipedia|Blog Archive
Thursday, October 28, 2010
Tuesday, October 26, 2010
Workers Don't Have the Right Skills? That's BS
Read Krugman's "Workers Don't Have the Right Skills? That's BS"
"Structural” unemployment is a fake problem, which mainly serves as an excuse for not pursuing real solutions.
Tea Party Hates So Much They Don't Know When They've Been Given What They Want
They say "love is blind", but so is anger:
"My taxes have gone up!" No, they've gone down.
The Obama stimulus bill cut taxes for 95 percent of working families, but few voters noticed, a troubling sign for Democrats.
Income Distribution 1979-2006
Working Group on Extreme Inequality » How Unequal Are We?
"· Percentage of U.S. total income in 1976 that went to the top 1% of American households: 8.9. · Percentage in 2007: 23.5. · Only other year since 1913 that the top 1 percent’s share was that high: 1928. · Combined net worth of the Forbes 400 wealthiest Americans in 2007: $1.5 trillion. · Combined n... The share of total income going to the top 1 percent of earners, which stood at 8.9 percent in 1976, rose to 23.5 percent by 2007. "
Republicans Survival of the Fittest Law of Civilization Tea Party
Ayn Rand Conservatism at Work -- Firefighters Let Family's House Burn Down Because Owner Didn't Pay.
"Talk of limited government is appealing until you see what it actually means in practice: a society in which it's every man for himself."
Businessman tells it like it is, but Republicans are deaf
Let's be real folks..marginal tax cuts don't motivate
"I'm a venture capitalist and an entrepreneur. Over the past three decades, I've made both good and bad investments. I've created successful companies and ones that didn't do so well. Overall, I'm..."
Competition Among States: Race to the Bottom
Attention Arizona voters:
Cutting State Corporate Income Taxes Is Unlikely to Create Many Jobs
"Corporate income taxes are important sources of revenue that states use to fund public services, including services essential to long-term economic growth like education, infrastructure, health care, and public safety.
Nonetheless, a number of 2010 [ Republican ] gubernatorial candidates have made corporate tax cuts key planks of their campaign platforms. This continues a trend of the past couple of years, during which policymakers in several states have proposed cutting corporate income tax rates — or even eliminating the tax completely — as a strategy for stimulating economic growth and creating jobs. These proposals, however, offer false hope. Corporate income tax cuts are unlikely to have a positive impact on a state’s rate of economic growth or the pace at which it generates private-sector jobs. "
Nonetheless, a number of 2010 [ Republican ] gubernatorial candidates have made corporate tax cuts key planks of their campaign platforms. This continues a trend of the past couple of years, during which policymakers in several states have proposed cutting corporate income tax rates — or even eliminating the tax completely — as a strategy for stimulating economic growth and creating jobs. These proposals, however, offer false hope. Corporate income tax cuts are unlikely to have a positive impact on a state’s rate of economic growth or the pace at which it generates private-sector jobs. "
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