Opinion
The Biden angst
A lot of this angst is fueled by a truth many Americans have or should have known all along – the government is ill-equipped to solve most problems in society.
When people can’t predict with at least some degree of confidence what economic policies their government will follow, they often delay consequential decisions and park their resources in safer, lower-yielding investments.
Charlotte Observer columnist Jack Betts and others have blamed the current state budget deficit on an antiquated tax system. Sorry, but the facts do not support this conclusion, and it rests on a misunderstanding of what “corporate income” is.