Spotlights
No. 222 - Socialism for Capitalists: New Incentives Won’t Aid North Carolina Economy

August 05, 2002

Gov. Easley's new incentives proposal would put political appointees into the position of doling out special tax breaks that amount to grants of taxpayer money to private businesses. Because of the unpredictable nature of a free-market economy, such a policy cannot claim to boost overall economic growth. A better policy would be to reduce North Carolina sky-high marginal tax rates on personal income, investment, and capital gains — which are among the highest in the country.

Download PDF file: Socialism for Capitalists: New Incentives Won’t Aid North Carolina Economy (71 k)

Material published here may be reprinted provided the
Locke Foundation receives prior notice and appropriate credit is given.