July 2, 2013
I’m tired of hearing that lower taxes will bring new business. Politicians chant low taxes like a mantra that answers everything. Governor Cuomo offers to starve many New York communities of money for services by barring them from taxing new business.
Many places in the world have no taxes, and no business opportunities either. Many places in the US charge lower taxes than New York but do much worse. What’s missing in the low tax nonsense includes markets, transportation, supplies, employees, skills, resources and amenities, the things that make places interesting and fun to live in, the reasons company founders live here, why the bosses live here, and why their employees want to live here. Read the rest of this entry »
February 21, 2012
Let’s talk about some basics – the sources of American economic power.
- We were always an immigrant society, peopled with those who had the drive and courage to leave where they were, cross the ocean and begin again with nothing.
- Initially we were agricultural. One innovation was small, “republican,” landownership by independent farmers. Their efficiency made everything else possible.
- We were among the leaders in the banking revolution which simplified and facilitated commerce.
- The transportation revolution began in England but it had an enormous impact on the American economy because of the sheer size of the country.
- Our system of democratic schooling – education for all, rich and poor, boys and girls, immigrants and natives – was revolutionary and made us an international leader.
- England pioneered the scientific revolution. But America took advantage of the land grant colleges, and with the appreciation for learning that came with both the Christian and Jewish communities that relocated here, America became a major source of invention.
- Americans led the revolution in manufacturing – inventing and perfecting the assembly line.
Now what? Everything we achieved is out there. Read the rest of this entry »