Wyoming Liberty Group
The latest employment data from the Bureau of Labor Statistics confirms that Wyoming is part of the national recovery. It was not until this past summer that there were clear and indisputable signs of a recovery in our state, but it looks like the national economic rebound has brought Wyoming onboard for the long haul.
The Bureau of Labor Statistics has released its preliminary employment numbers for October 2014. It is good news for all Americans except those in Alaska: compared to October 2013 only the Frontier State has lost jobs. All other states added jobs.
Governments are looking high and low for more ways to take your money. That makes any news about blocking a tax, even temporarily, good news. House Speaker John Boehner from Ohio announced he would block the senate’s Marketplace Fairness Act, otherwise knows as the Internet Retail Sales tax, sponsored by our very own Senator Enzi, among others. This tax would force retailers to charge sales tax to out-of-state online purchasers and then remit the tax to the state where the purchaser lives.
Millions of people travel to—and in—Wyoming every year: some for work, some for pleasure, and some just because it takes a long time to get places in such a large state. All these travelers spend billions of dollars in Wyoming.
How big a part does tourism play in total travel and how important is the Wyoming Department of Tourism (WOT) in all this?
Last week I presented three criteria by which to determine whether or not government spending programs can be realistically privatized. These criteria came in the form of three questions that concentrate entirely on the economic aspects of privatization; whatever legal hurdles may lie in the way of successful privatization I will gladly leave to the legal experts to sort out.
The Nobel Memorial Prize in Economics was awarded for the first time in 1969. The inaugural laureates were Ragnar Frisch and Jan Tinbergen, two pioneers in econometrics. The motivation was that econometrics provides economists with excellent forecasting tools.
Those calling for smaller, less wasteful and more accountable government understand that government must fund its core functions with some tax or another. But how do we prevent government from using excess tax revenue to spread its dead hand to activities better provided by the private sector? The recent renewal of the optional one-cent tax in Natrona county shows this may be neigh impossible unless citizens wake up to the problem. Perhaps it is time to reform the tax system so tax revenue is dedicated to core government functions and all other activities covered by the spreading waistline of government be paid for—in full—by user fees.