Mitch Kokai, John Locke Foundation director of communications, examines the notion that high-income earners “ought to pay more” taxes than those with lower incomes. Kokai offered these comments during a June 3, 2013, speech for the John Locke Foundation’s Shaftesbury Society. To watch full-length presentations of JLF events, click here.
Give it back
Last week the non-partisan Fiscal Research Division of the North Carolina General Assembly forecast yet another $1 billion+ surplus in anticipated tax revenues for the 2024–2025 fiscal year. That’s on top of the $400+ million in surplus collections for the 2023-2024 fiscal year. The news, the latest in a decade-long run of tax revenue surpluses,...