Black markets and other forms of tax avoidance emerge when consumers want to purchase a heavily-taxed product. High cigarette tax rates may affect smoking rates, but may also lead to tragic incidents such as the death of Eric Garner.
TSA has done nothing but grow in size and cost since it was created. Its record at stopping threats is dismal—if not non-existent—and its inefficiencies and disrespect for travelers would be laughable if they were not so disturbing a pattern or practice. Airline safety is far too important of a priority to be left to what is effectively a government jobs program.
Many environmental and indigenous Hawaiian groups have organized protests against the construction of a new telescope recently approved by Governor David Ige. The State of Hawaii should let the market work, and allow the conflicting parties to solve the problem with prices, not protests.
The Highway Trust Fund is set to run out of money in September and Congress wants to save it with a one-time repatriation tax. The only problem with this plan is that it is a short-term, one-time solution. The only way Congress can ensure the long-term sustainability of the Highway Trust Fund is by raising highway user-fees.
So what exactly is the matter with Greece? Simply put, it was in the wrong place (Europe) at the wrong time (1999) when 11 countries with 11 different languages, governments, cultures and customs abandoned their domestic currencies and tied their collective fate to the euro.
Greece’s financial problems didn’t just come out of the blue, they are the cumulative impact of misguided economic policies: fiscal profligacy, misallocations of national resources and growth-depressing labor and economic regulations.
Next weekend families will be travelling across America to celebrate Independence Day, and they will need housing when they arrive at their destination. Until seven years ago, travelers stayed at hotels, traditional rentals, or with family and friends. But now the “sharing economy” has given them a new option--Airbnb.