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Gov't can provide quality service while saving taxpayers money.


A plan for balancing the Kansas state budget

Kansas Policy Institute President Dave Trabert presents KPI's plan to balance the state's budget without service reductions or tax increases. Trabert spoke a...
Thu, 18 Dec 2014 17:34:52 +0000
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Another reason to watch Seinfeld reruns. Economics lessons taken directly from the "show about nothing." http://yadayadayadaecon.com/clip/67/


The Soup Nazi (The Economics of Seinfeld)
yadayadayadaecon.com
The Soup Nazi makes delicious soup—so good there's always a line outside his shop. He refuses service to Elaine, and by a stroke of luck she comes across his stash of soup recipes. She visits his shop and informs him that his soup monopoly is broken, while waving his recipes in his face. Also in thi…
Wed, 03 Dec 2014 16:15:10 +0000
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Happy Thanksgiving and a hearty huzzah for property rights. https://www.youtube.com/watch?v=66QdQErc8JQ


The Pilgrims and Property Rights: How our ancestors got fat & happy

The Pilgrims founded their colony at Plymouth Plantation in December 1620 and promptly started dying off in droves. As the colony's early governor, William B...
Tue, 25 Nov 2014 16:14:47 +0000
Last Refreshed 12/21/2014 10:01:42 PM
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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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