Business & Job Creation
Businesses need a friendly and fair business environment so they can compete, innovate, and create jobs. We’re keeping politicians from playing favorites by offering special deals and tax breaks to the favored few.
The Arizona Senate recently rejected bills that would have allowed new, state-owned roads to be constructed with private money as toll roads. Lets hope the idea resurfaces soon.
Toll roads make sense. They provide access to large sources of private capital a real boon to a financially strapped state. Arizona could get several highways built today without spending a penny, if it would simply let the private sector help.
When the Goldwater Institute filed a lawsuit challenging the Arizona Corporation Commission's authority to impose renewable energy standards--at a projected cost to rate-payers of $1.2 billion--we received lots of questions about why we were doing so. After all, the Commission was controlled completely by conservatives, who could be trusted not to over-reach their authority, right?
By any reading of the man, George W.P. Hunt -- Arizona's first governor -- was a progressive Democrat. He favored creating an income tax, extending the right to vote to women, and passing compulsory education laws. But when it came to drafting a constitution that would bring Arizona into the union as the 48th state, "Old Walrus," as he was called for his weight of about 300 lbs and his handlebar mustache, presided over a convention in 1910 that banned nearly all government subsidies to private business.
With a gross state product of $247 billion, Arizona's economy ranks with Hong Kong and Switzerland, two of the world's leading financial hubs. Our productivity exceeds the oil-rich United Arab Emirates and 187 other nations. On the world stage, Arizona is a player.
Our Southwest location opens the door to particular opportunities from tourism and mineral production to electricity generation. But we need not be limited to innate advantages. Ireland, India and today's economic engines aren't products of a natural-resource jackpot, but the end results of deliberate decisions.
Today would have been the 100th birthday of pioneering economist, author and school choice advocate Milton Friedman. In honor of the Nobel prize-winning professor, here's a quick video he made using a simple pencil to show how the free market promotes harmony and world peace.
As the state has faced mountains of red ink over the last few years, one of the budget casualties has been the State Parks department. Some parks have been temporarily closed to save money and permanently closing others has been debated. As the economy begins to recover, all parks that were temporarily closed have reopened, but that doesn’t mean the department is out of the woods. The real obstacle to keeping our state parks open isn’t money. It’s bureaucracy.
Months after cries of “emergency,” the City of Glendale will be given another season to try to keep the Phoenix Coyotes hockey team playing in the desert.
Last year, the Glendale City Council approved a contract with Chicago millionaire Matthew Hulsizer to buy the team with the help of $116 million in municipal bonds backed by taxpayer dollars. The council declared that the bonds were an “emergency,” which took away the taxpayers’ right to petition for a public vote on the deal.
With government at all levels routinely violating its own laws, it is a joy to write about one that is doing the right thing.
When developers approached Peoria, Ariz. about building a regional medical center, city officials were delighted—until the developers demanded a subsidy, initially a waiver and eventually a deferral of $1.2 million in fees and taxes.
A new Verizon commercial shows little Susie working her lemonade stand when her father hands her a smart phone with a calculator in it. Susie’s eyes light up. She immediately uses the technology to network friends into a lemonade empire, complete with an office building behind her house.
That is American exceptionalism. With little burden from government, anyone with a good idea, a strong work ethic, and a willingness to serve others in a competitive environment has a chance to succeed.
New Goldwater Institute Analysis Says Strengthening Fraud Laws Could Protect People Without Hurting the Economy