Property Rights Threatened by Lawmakers’ Economic Development Interests

REMOVING CITIZENS’ POWER TO HOLD THEIR NEIGHBORS ACCOUNTABLE? UPDATE: The final version of the bill placed parameters on the bill’s scope, but the core of the proposal – the violation of property rights – remains the same. The amended version defines “reasonable expansion,” and only allows the nuisance exemption to be transferred to another facility if …

Getting Politics out of Money

WHAT THE McDONNELL CASE TELLS US ABOUT GOVERNMENT ‘DEVELOPING’ THE ECONOMY Last week former Virginia Governor Bob McDonnell was convicted of 11 counts of corruption related to his acceptance of personal gifts in exchange for using gubernatorial power to promote a company named Star Scientific. The story of McDonnell’s downfall will no doubt be used …

“Creating Jobs” Isn’t the Point

 THE CREATION OF VALUE IS Although the role of government would appear to be a controversial topic in the political sphere, there’s one role commentators on both the left and the right seem to agree on: Government should provide jobs. It’s hard to avoid political rhetoric underpinned by the assumption that government should create jobs, …

Income Mobility in South Carolina

HOW S.C. KEEPS ITS CITIZENS IN POVERTY The New York Times recently reported on a new study finding that income mobility in South Carolina is severely limited. Income mobility, as its name implies, refers to an individual’s ability to rise from lower income levels to higher ones (economists typically divide these levels into fifths). Coincidentally, …

The Bull Street Deal: Extreme Caution Advised

WHY TAXPAYERS DESERVE DETAILS – NOT VAGUE TALKING POINTS AND HIGHER TAXES On June 25th, the mayor of Columbia, Steve Benjamin, unveiled what’s being commonly called the “Bull Street Development Deal.” The deal would involve the city committing to an estimated $70 million for infrastructure, two parking garages, and a minor league baseball stadium. The estimated economic …

Should S.C. Privatize Its Ports?

  WHY DOES THE STATE OPERATE ITS OWN PORTS? GOOD QUESTION. One of the major issues debated this legislative session has been the state’s infrastructure and the need for improvement. The debate however, has focused almost exclusively on South Carolina’s roads and has therefore neglected another area of South Carolina infrastructure long overdue for reform …