By
"Swanson regards the government for which he works as 'a greedy piglet that suckles on a taxpayer’s teat until they have sore, chapped nipples...'"http://www.nationalreview.com/article/392713/hayekian-hoosier-charles-c-w-cooke


Charles C. W. Cooke - The Hayekian Hoosier
www.nationalreview.com
Editor’s Note: This article originally appeared in the November 3, 2014, issue of National Review. However talented he may be, no writer will ever be safe from his audience, for it is they who will eventually pronounce upon his meaning. Ray Bradbury once stormed indignantly out of a class at UCLA a…
Tue, 18 Nov 2014 15:32:43 +0000
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"Much has been made of the revenue decline as marginal tax rates were reduced but total tax revenue is still running ahead of inflation over the last ten years." http://kansaspolicy.org/KPIBlog/123094.aspx
Mon, 17 Nov 2014 15:53:11 +0000
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New public opinion survey shows stunning lack of understanding of K-12 finance - 7% of Kansans know how much is spent per-pupil.

"The number of Kansans who can correctly answer this question remains disturbingly low, but knowing how frequently funding is misrepresented by education officials and special interests, it's not surprising. Instead of trying to low-ball school funding to justify increased aid, the focus should be on improving outcomes."

http://kansaspolicy.org/SurveyUSAPolling/


SurveyUSA Polling
kansaspolicy.org
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Fri, 14 Nov 2014 16:37:22 +0000
Last Refreshed 11/22/2014 6:12:25 PM
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Wichita Hotel Glut Mirrors Past Mistakes
Posted by Todd Davidson on Thursday, June 14, 2012

Wichita’s hotel developments are beginning to follow the same path that many government induced supply surges took before them.  From the Wichita Eagle today:

Wichita hoteliers are struggling to recover after hitting bottom in 2010 because the market keeps adding hotel rooms…

Hotels downtown are seeing a lot of new or upgraded rooms in the last three years with the assistance of local and state tax incentives.

These include the $11.5 million Fairfield Inn & Suites Wichita Downtown, which opened last year; and the $29 million renovation of the Drury Plaza Hotel Broadview, also completed last year. 

If that’s not enough taxpayer funded rooms for your upcoming family reunion, you are in for a treat when the new 117 room, taxpayer supported Ambassador Hotel opens in December.  All of this on-top of the 303 room, city-owned Hyatt Regency.  With occupancy rates hovering around 50% it’s only a matter of time before hotels begin closing up shop.

This is an all too common story of government incentives.

Homeownership enjoys an indulgence of government incentives at the Federal, state, and local levels.  These incentives helped boost housing supply to bubble proportions.  When the glut of housing was realized the bubble popped and we are still reeling from The Great Recession.

The student loan crisis is following this very same path.  Government induced the supply of college education with tax credits and cheap loans; the excess supply caused the value of degrees to drop; the bubble is bursting, (but the debt stays) and many of those with debt can’t find work to earn wages and pay down their loans because the economy continues to tumble.

Kansas STAR bonds program forced taxpayers to subsidize a massive outdoor shopping mall, which merely steals economic activity from other non-subsidized retailers, leading the less fortunate to closure.

Those calling for big empty office and manufacturing buildings should pay attention.  The economic fundamentals are simple, incentives lead to supply increases not matched by consumer demand.  The oversaturated market then leads to the shuttering of homes, shops, and hotels while taxpayers are left holding the bag.

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