"To get rich is glorious." -- Deng Xiaoping. This is perhaps the smartest thing ever uttered by a member of the Communist Party.
Friday, March 25, 2011
Recommended reading
The New York Times has a very revealing article about General Electric's efforts to avoid the tax man through a pursuit of loopholes in the tax code. No one can favor deductions for various government-approved behaviors and then be surprised when stuff like this happens -- it's well past time for a flat tax.
If Ohio's new budget is any indication, Gov. John Kasich appears to be another big government conservative. Jennifer Rubin, meanwhile, posts an interview with Kasich which highlights his reform agenda, one item of which is "using profits from state-run liquor businesses to fund a public-private job-creation entity to replace the state development department." No governor, real reform is getting government out of the liquor business.
Good news: technology is making lawyers obsolete. Well, not quite -- but getting there.
More good news: the 2008 financial crisis resulted in a decline in inequality. A few more nasty recessions and we'll have this "problem" solved.
Tino Sanandaji examines school vouchers in Sweden. As with most of his posts, it's quite thought-provoking.
I have a BA in International Affairs and MA in International Trade and Investment Policy. I live in Washington, DC and work for a Fortune Global 500 company as a public policy analyst. I can be contacted at 2getrichisglorious-at-gmail.com.
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