Budget and Tax News Podcast

Big social media companies driven not by profit and the good of their shareholders but by the leftist ideology are colluding with Democrats to suppress political speech and deplatform conservatives. This poses a huge threat to the continuation of a free constitutional republic. Conservatives must become more involved as shareholders to push balanced corporate policies and to refocus corporations on maximizing profits for their shareholders rather than pursuing liberal social and economic goals.

Three famous economists - Arthur B. Laffer, Ph.D., Stephen Moore, and Erwin J. Antoni, Ph.D - present their new paper for The Heartland Institute titled "Will the Last Taxpayer in Illinois Please Turn Out the Lights: An Economic Assessment of the Illinois ‘Fair Tax’." The report:

www.heartland.org/_template-assets…airTaxReport.pdf

The economists’ research says passage of the so-called "Fair Tax" ballot initiative, which voters will decide on November 3, would:

 hit small businesses with annual profits as low as $250,000;

 slow job growth by an estimated 566,000 over the next decade, effectively eliminating about one in 10 current jobs;

 result in 1.4 million people leaving Illinois for better economic opportunities, setting outmigration from Illinois at about nine times faster than the current alarming rate;

 reduce the state's GDP by $20.5 billion over the next decade;

 reduce home value appreciation by about 10.4 percent over the next decade;

 make Illinois one of the five highest tax jurisdictions in the world, with only New Jersey and some Third World nations having a higher tax on corporations.

In this episode of the Heartland Daily Podcast, Ed and Heartland Institute Vice President Jim Lakely discuss the importance of celebrating human ingenuity, some of the giants of human achievement, the conditions that allow both to thrive, and the importance of teaching that to America's youth.

Visit: https://humanachievementalliance.org/