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Happy Birthday to Milton Friedman, the modern champion of school choice. “Improved education is offering a hope of narrowing the gap between the less and more skilled workers, of fending off the prior prospect of a society divided between the “haves” and “have nots,” of a class society in which an educated elite provided welfare for a permanent class of unemployables.” The Friedman Foundation for Educational Choice Milton Friedman Free To Choose Network
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"One final thought: the measure of the success or failure of these tax cuts shouldn’t just be the effect they have on the bottom line of the Kansas state budget. The measure should be the effect they have on the budgets of the individuals, families, and businesses that are residents of Kansas. In the end it’s money that belongs to them."

http://reason.com/archives/2014/07/28/are-tax-cuts-working-in-kansas


Are Tax Cuts Working in Kansas?
reason.com
Don't believe the hype you read in The New York Times.
Tue, 29 Jul 2014 14:41:13 +0000
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Tax Reform Lessons from Across the Pond
Posted by Todd Davidson on Friday, May 25, 2012

The Winfield Daily Courier recently called out proponents of Kansas' recent tax reforms; stating the reforms were based on a discredited economic theory. 

Perhaps if the Winfield Courier wasn’t convinced by our tax reform analysis, we should jump across the pond and see what those folks are saying.  The Centre for Policy Studies, based out of London, recently published this gem:  Small is Best: Lessons from Advanced Economies.

They found:

Econometric analysis of advanced OECD countries for the period 1965-2010 finds that a higher tax to GDP ratio has a statistically significant, negative effect on growth. For example, an increase in the tax to GDP ratio of 10 percentage points is found to lower annual per capita GDP growth by 1.2 percentage points. A similarly statistically significant negative effect on growth is found with a higher spending to GDP ratio. 

In layman's terms; higher taxes hurt economic growth. Also...

There is little evidence that small government countries have worse social outcomes:
  • Health outcomes are mixed: in the past 10 years, life expectancy in small government countries has been higher than in big government countries. Infant mortality has been lower in big government countries.  
  • Statistical evidence from the last 10 years suggests that small government countries achieve higher academic outcomes. 

They even made a video to go along with it:

For further reading check here and here.

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