This piece originally aired during WFSU’s Aging Today segment. Social Security has been very successful in reducing poverty among older Americans. But the increasing number of recipients raises the specter that the system cannot be sustained. Economists estimate that without changing in financing, the average benefit will decrease 20% by 2030. Surveys report that at…
Since the initial publication of the Economic Freedom of the World report in 1996, numerous scholarly studies have used the data to examine the impact of economic freedom on investment, economic growth, income levels, and poverty rates. Virtually without exception, these studies have found that countries with institutions and policies more consistent with economic freedom have higher investment rates, more rapid economic growth, higher income levels, and a more rapid reduction in poverty rates.
The Tax Foundation ranks Florida 34th lowest in overall state and local tax burden. Florida is ranked number one in the country for state fiscal health by the Mercatus Center at George Mason University. Florida’s prospects for continuing this track record of economic growth are good as long as state and local policymakers stay the course and remain fiscally responsible.
For many Tallahassee citizens, the current plan seems well-intentioned but vague. Putting proverbial “meat on the bones” on the current sketch would go a long way toward assuring that the Children’s Services Council is not just another way to raises taxes to fund more inefficient and ineffective government programs.