• John Locke Update

    Twelve Counties Ask Voters to Approve Higher Taxes

    posted March 22, 2018 by Julie Tisdale
    At last count, 12 North Carolina counties will include an increase in the local sales tax on their May ballots.  In all 12 of those counties, it’s a bad idea. …
  • John Locke Update

    How to Make North Carolina’s Capital Gains Tax Fairer

    posted March 22, 2018 by Joseph Coletti
    On many different occasions, I have argued that, from an economics perspective, North Carolina should abolish its tax on capital gains. But leaving economic analysis aside, assuming that…
  • John Locke Update

    The Divide Between City Slickers and Country Boys

    posted March 14, 2018 by Joseph Coletti
    Liberals like small homes that are close to shopping and attractions, while conservatives prefer to have larger properties and drive longer distances to the store. This is one of the…
  • John Locke Update

    The Five Losers and One Winner From Protectionism

    posted March 14, 2018 by Dr. Roy Cordato
    Typically, “saving American jobs” is the reason given for implementing protectionist trade measures, i.e., tariffs and quotas. The argument goes something like this: foreign producers of a product are offering…
  • John Locke Update

    The Perils of Increasing Local Sales Taxes

    posted March 14, 2018 by Julie Tisdale
    In 2007, the North Carolina General Assembly passed legislation allowing counties to impose an additional quarter-cent sales tax to raise revenue within their jurisdictions.  These taxes must be approved by…
  • John Locke Update

    Governments Are People and People Are Complicated

    posted March 8, 2018 by Joseph Coletti
    Government is more than just a concept.  Government is people. For better and for worse, imperfect human beings fill government roles and make government decisions. That is why Federalist…
  • John Locke Update

    Expensing Should be a Permanent Part of the N.C. Tax Code

    posted March 8, 2018 by Dr. Roy Cordato
    A couple of weeks ago, I argued that North Carolina’s legislature should “one-up” Congress and the Trump administration when it comes to tax reform by abolishing the state’s capital…
  • John Locke Update

    A Government That North Carolina Can Afford

    posted February 15, 2018 by Joseph Coletti
    Each February, the State Treasurer’s Debt Affordability Advisory Committee preempts the hopefulness of Groundhog Day with the publication of the annual Debt Affordability Study, the committee’s reminder that state…
  • John Locke Update

    “Too Much Growth” Doesn’t Cause Inflation

    posted February 15, 2018 by Dr. Roy Cordato
    If the supply of oil goes up, the price of oil and gasoline falls. If the supply of oranges goes up, the price of oranges and orange juice goes down.

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