The late Milton Friedman’s doctrine of capitalism may not be a perfect system. But no one has come up with anything better.
Click here to read the entire column.
The Bluegrass Institute and the Friedman Foundation for Educational Choice recently conducted an opinion poll to find out what Kentucky voters – our readers – think about the state’s education system.
I showed you what you think about the schools overall a couple of days ago.
A solid majority of you, 59 percent, think the schools are doing only a poor to fair job, at best.
Now, let’s look at what you told us about school funding.
Since you also don’t think the schools are doing very well, I have to conclude that you don’t think the schools are using the dollars they get in effective ways.
This is something our school bureaucracy, which constantly has its hand out for more dollars, simply must come to grips with. Our school “folk” need to figure out how to do their job more efficiently rather than just continuing to plan on getting a lot more money so they can continue as they have in the past.
The poll indicates you don’t think the past performance of Kentucky’s schools is very good, but you also don’t think more money is the answer.
Even though Washington has approved the cap-and-trade climate legislation, Kathy Gornik, president of Lexington-based THIEL Loudspeakers and Bluegrass Institute chairman, points out why Americans have not done the same.
Click here to read Gornik’s article in Business Lexington on the disastrous legislation.
The cap-and-trade plan allows for a carbon emission trade market where if one company doesn’t use up all of its emissions, they can sell those emissions credits to a company on the verge of running out of allowances.
The National Black Chamber of Commerce found that this legislation would reduce the GDP by $350 billion, not to mention cut net employment by 2.5 million jobs.
Now is not the time to create yet another complicated and costly law that will harm businesses and taxpayers. Even environmentalists are disappointed with the 85 percent giveaway of carbon credits. So much for limited carbon emissions and “green” energy investments!
By Tabitha Waggoner, intern for the Bluegrass Institute
What? Here we go again. A new report accuses the state pension system of very questionable practices that led to the purchase of a 1.9-acre property for $752,000 in 2006 from a local veterinarian that had paid only $450,000 for it just three months earlier. Huh? The property was sold this year to the Kentucky State Police for $325,000. Wow!
Gov. Beshear is “disappointed by today’s announcement” that Kentucky won’t receive a federal grant for a new lithium ion electric car battery factory in Hardin County.
One of the reasons there is so much disappointment when a single project like this falls through is that Kentucky’s economic-development policy doesn’t produce the stream of new jobs and revenue that would improve its fiscal strength.
While we didn’t land the battery factory, what companies could we land if, say, we lowered taxes and lifted stifling regulations on businesses?
Many out-of-state firms don’t want to fight with labor unions, so the fact that we don’t have a right-to-work policy also harms us. Beshear talked about the process for landing the battery factory being “extremely competitive,” but in this global marketplace, the process for all jobs is extremely competitive.
And being the only state in the southeast region of the country without a right-to-work policy makes us even less competitive.
I wonder if Beshear might be able to feel this pain as much as he can the loss of a single, politically sensitive enterprise.
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