Archives: Dr. Roy Cordato

  • Carolina Journal Radio No. 819: The case for capping N.C. capital gains tax

    North Carolina could make a major improvement to its tax system by ending taxation of capital gains. But the state doesn’t have to scrap its capital gains tax completely to move in the right direction. Roy Cordato, John Locke Foundation senior economist, recommends capping the capital gains tax at its…

  • N.C. franchise tax: It’s time to reconsider

    North Carolina’s franchise tax is a punitive and opaque tax levied on businesses organized under one of the usual corporate forms, primarily C-Corps and S-Corps. It is inconsistent with both good economics and good government. Most of the problems associated with the corporate income tax are also present in the…

  • Carolina Journal Radio No. 815: Year-end special revisits intriguing 2018 topics

    As we look forward to a new year, Carolina Journal Radio reviews some of the most interesting topics from 2018. Vermont Sen. Bernie Sanders and U.S. Rep. Alexandria Ocasio-Cortez of New York describe themselves as socialists. But neither one fits the classic definition of “socialist.” Roy Cordato, John Locke Foundation…

  • Economic impact studies: How special interests tell public interest stories

    Question 1: When are special interest subsidies not special interest subsidies? Answer: When the special interests hire consultants to do an economic impact study. Question 2: How often do economic impact studies show that the special interest subsidy will be good for the economy? Answer: Always. Economic impact studies have…

  • Why aren’t we running out of turkeys?

    In the United States, there are between 45 million and 46 million turkeys killed each year by profit-seeking farmers for consumption at Thanksgiving dinners around the country. In total, about 245 million turkeys are raised on American farms every year, with pretty much all of them headed for an afterlife…

  • Price-gouging laws create unintended harm for consumers

    From Carolina Journal Radio Program No. 802: The arrival of Hurricane Florence prompted N.C. officials to trigger the state’s price-gouging law. It allows people to complain to government when they believe vendors are charging prices that are too high. Roy Cordato, John Locke Foundation senior economist, says the law…