Stop punishing success, Zo’s pricey lesson in – Latest News
Cali watch: Stop Punishing Success
“California needs to roll back decades of control-freakery and abandon ongoing efforts to punish success,” thunders Reason’s J.D. Tuccille.
“Ever-higher taxes and always tighter regulations” have penalties: “lost jobs and a sluggish economy.”
A new report discovered that Cali’s share of the national economic system has plunged from its 2021 peak and “is now stagnant at around 13.8 percent.”
And now the “exodus of high-income individuals has been accelerated by proposals for a 5 percent (and potentially higher) wealth tax”; “businesses are leaving along with people,” killing job growth.
Meanwhile, states with “lighter regulations, lower taxes, and greater affordability” have “become homes to people, employers, jobs, and prosperity.” Absent reform, Cali “will continue down the road of economic stagnation.”
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From the appropriate: Zo’s Pricey Lesson in Socialism
It took “decades to conclude that Marxist economics was more Groucho than Karl,” cracks The Wall Street Journal’s editorial board.
“Perhaps Mayor Zohran Mamdani’s experiment in socialism in New York City will shorten that instruction time.”
Indeed, “Groucho Marx socialism is already on display” in his plans for city-run groceries, the primary to be located in a new, $30 million space supposedly typifying what Hizzoner has known as “the warmth of collectivism.”
Stores received’t must pay taxes or rent and even make a revenue. But that may allow them to “undercut prices” at close by personal shops.
“This kind of collectivist competition isn’t what the other store owners would call warm.”
Meanwhile, as he plans to subsidize grocery shops, Mamdani’s additionally demanding tax hikes. “A socialist education is expensive.”
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Higher ed: Universities Must Change To Survive
A report from Yale University observes that “high prices, opaque admissions processes, and declining academic standards” have fueled a drop in “trust in higher education,” notes the Washington Examiner’s editors.
Yale additionally admits that universities (prefer it) have turn into “intellectual and ideological echo chambers,” leaving them “out of touch” Americans and “out of step with its political currents.”
This “ideological imbalance” has intensified, as an rising quantity of school nationwide “identify as liberal.”
Colleges “provide less and less value at higher and higher costs,” so “people are understandably reluctant to send their children to be brainwashed.”
These colleges “will have to make sweeping changes” in the event that they “expect to survive the political, economic, and technological tumult ahead.”
Conservative: Gov’s a Prisoner of Radical Fringe
New Virginia governor Abigail Spanberger’s “net approval since October has declined significantly among voters across income groups,” although she “took office less than three months ago after a blowout 15-percentage-point victory,” marvels Tim Murtaugh at The Washington Times.
She “campaigned on a pledge to focus on ‘affordability,’” however has “locked arms with leftists in the legislature and adopted their radical agenda.”
Her help for a controversial gerrymandering measure has “exposed” her “as a lying hypocrite who masqueraded as a centrist.”
Though the “media heaped praise” on Spanberger “as a model” of moderation, she has demonstrated that “there is no such thing as a moderate Democrat,” all of whom “are prisoners of the radical fringe of their party.”
Eye on the economic system: How To Keep America Rich
“As uncertainty swirls around the global economic order, mounting public debt, and the future of immigration, something remarkable has happened,” cheers City Journal’s Allison Schrager: “productivity surged.”
However it’s measured, “productivity is central to prosperity.” Today, “the challenge for rich countries, including the United States, is sustaining productivity growth once labor and capital are largely fully deployed.”
The reply could also be “artificial intelligence,” which looms “as a transformative breakthrough.”
True, the impact of AI on productiveness is probably not identified for years: It might reward “those who adapt while displacing others.”
Yet, with out a doubt, “productivity is central to our economic future” and can require “pro-innovation policies that keep the economy dynamic and adaptable.”
Developing these insurance policies “is the surest way to raise productivity — and with it, long-term prosperity.”
— Compiled by The Post Editorial Board
