Income taxes: the enemy of economic progress
If one wanted to halt or otherwise hinder economic progress, it would be difficult to come up with a more effective tool than the income tax.
If one wanted to halt or otherwise hinder economic progress, it would be difficult to come up with a more effective tool than the income tax.
While keeping tax rates low on high-income earners may seem like sacrificing tax revenue in the short term, it makes sense over the long term.
While still ranking as a top state for business and tax competitiveness, NC risks falling behind other states if it stands still.
The Budget & Tax Center unfortunately continues its baseless fearmongering about tax cuts while presenting misleading arguments and leaving out critical details.
Brian Balfour, John Locke Foundation senior vice president for research, discusses his latest Carolina Journal column. It discusses the need for a functional North Carolina General Assembly. Balfour offered these comments during an Oct. 13, 2025, interview for Spectrum News 1’s “Capital Tonight.”
Finger-pointing, childish blame-shifting, and refusing to accomplish the fundamental task of passing a budget are what have characterized this year’s legislative session. Voters deserve better.
A stunningly low 17% of college graduates are able to correctly provide the basic reasoning as to why “free markets secure greater economic prosperity than government’s centralized planning.”
Because of multiple “pauses” by President Trump, the bulk of tariffs have been delayed until Aug. 1. It’s irresponsible to make conclusions about the impact of tariffs that have not even been implemented yet.
It’s not too late for state legislators to erase their mistake and completely cut ties with NCInnovation. Instead, they could redirect half a billion in taxpayer dollars to help victims of one of the most devastating natural disasters in state history.
In a free society, it is not the president’s — nor government’s — role forcibly to direct the labor market and production output to their desired outcomes. That’s what big-government central planning looks like.
In effect, tariffs are actually taxes on domestic consumers, not on foreign competitors.
Stein and company’s fearmongering is highly premature and irresponsible.