Business & Economics
California
Making income tax surcharge permanent with Prop. 3 hurts state
Would you move to Florida for $100,000 a year? Because of California’s steeply progressive income tax rates, that’s the question many are asking. For an increasing number of taxpayers, the answer has become yes — which is why Proposition 3 is so consequential. In 2012, voters approved Proposition 30, which ...
Business & Economics
Who really won the Paramount-Warner Bros. spat?
The federal government cleared the deal in June after a “rigorous eight-month investigation” led by the U.S. Justice Department Antitrust Division’s career staff – concluding the merger was unlikely to restrain competition or harm consumers. Overseas regulators representing 68 jurisdictions also approved the merger. But that wasn’t enough for Bonta, who opposed the “unlawful ...
Blog
The Gordon Chang Report: The Malaise In China Today
READ THE PDF The Malaise In China Today Two years ago this month, a rider died while napping between deliveries on his electric bike in Hangzhou, the bustling capital of Zhejiang province. Surnamed Yuan, he was known as the “Order King” for grueling 18-hour days. He died from exhaustion. Yuan’s ...
Blog
Young Americans Have Real Problems. Socialism Is the Wrong Answer.
That’s an extraordinary reversal and simply telling young Americans that socialism doesn’t work won’t reverse it. To make the case for free markets, we first have to understand why socialism is appealing to so many young Americans. Consider the Democratic Socialists of America have become a visible political force appealing ...
Blog
California’s New Software Tax Is Another Step Toward More Digital Taxes
Senate Bill 122 is projected to raise roughly $2 billion annual tax increase on the software businesses use to operate, and its costs will spread far beyond company software bills. Since software as a service supports nearly every part of the modern economy, businesses will have to absorb those higher ...
Blog
Newsom Celebrates a Higher Minimum Wage as California Jobs Struggle
California law now provides for an annual adjustment to the statewide minimum wage for inflation. On Jan. 1, 2027, it will jump from $16.90 per hour to $17.40., higher than any statewide minimum wage currently in effect. (In a few cities, the minimum wage is already $20 an hour and in many others it’s dangerously ...
Business & Economics
A new In-N-Out branch is running into an absurd roadblock
California, renowned for its car culture, is known as the “birthplace for some of the world’s most iconic” drive-through restaurants, according to the Visit California tourism organization. Jack in the Box’s original creepy clown mascot is on display at the esteemed San Diego History Center, and the first-ever McDonald’s has ...
Blog
Taxpayer Dollars Should Not Fund Political Campaigns
Taxpayer dollars should be used for legitimate public responsibilities, such as maintaining roads, public safety, education, keeping communities clean, and paying down debt. Financing political campaigns should not become another government responsibility. Public campaign-financing programs use taxpayer dollars to help qualifying candidates run for office. Supporters argue that these programs ...
Blog
The Gordon Chang Report: China Annexing the South China Sea—and the Pacific Ocean
READ THE PDF China Annexing the South China Sea— and the Pacific Ocean On July 25, Global Times, the Chinese tabloid run by People’s Daily, warned the Philippines that China might build a military base on Scarborough Shoal, which Beijing claims and calls Huangyan Dao. “China reserves the right to ...
Blog
Should Californians Trust New Antitrust Legislation?
The Legislature returns this week from its summer recess, kicking off one more month of lawmaking. One proposal that’s expected to draw heavy fire is a bill that beefs up the state’s antitrust law, which is already so harsh that it’s not fit to be copied elsewhere. Assembly Bill 1776, known as the COMPETE ...
Making income tax surcharge permanent with Prop. 3 hurts state
Would you move to Florida for $100,000 a year? Because of California’s steeply progressive income tax rates, that’s the question many are asking. For an increasing number of taxpayers, the answer has become yes — which is why Proposition 3 is so consequential. In 2012, voters approved Proposition 30, which ...
Who really won the Paramount-Warner Bros. spat?
The federal government cleared the deal in June after a “rigorous eight-month investigation” led by the U.S. Justice Department Antitrust Division’s career staff – concluding the merger was unlikely to restrain competition or harm consumers. Overseas regulators representing 68 jurisdictions also approved the merger. But that wasn’t enough for Bonta, who opposed the “unlawful ...
The Gordon Chang Report: The Malaise In China Today
READ THE PDF The Malaise In China Today Two years ago this month, a rider died while napping between deliveries on his electric bike in Hangzhou, the bustling capital of Zhejiang province. Surnamed Yuan, he was known as the “Order King” for grueling 18-hour days. He died from exhaustion. Yuan’s ...
Young Americans Have Real Problems. Socialism Is the Wrong Answer.
That’s an extraordinary reversal and simply telling young Americans that socialism doesn’t work won’t reverse it. To make the case for free markets, we first have to understand why socialism is appealing to so many young Americans. Consider the Democratic Socialists of America have become a visible political force appealing ...
California’s New Software Tax Is Another Step Toward More Digital Taxes
Senate Bill 122 is projected to raise roughly $2 billion annual tax increase on the software businesses use to operate, and its costs will spread far beyond company software bills. Since software as a service supports nearly every part of the modern economy, businesses will have to absorb those higher ...
Newsom Celebrates a Higher Minimum Wage as California Jobs Struggle
California law now provides for an annual adjustment to the statewide minimum wage for inflation. On Jan. 1, 2027, it will jump from $16.90 per hour to $17.40., higher than any statewide minimum wage currently in effect. (In a few cities, the minimum wage is already $20 an hour and in many others it’s dangerously ...
A new In-N-Out branch is running into an absurd roadblock
California, renowned for its car culture, is known as the “birthplace for some of the world’s most iconic” drive-through restaurants, according to the Visit California tourism organization. Jack in the Box’s original creepy clown mascot is on display at the esteemed San Diego History Center, and the first-ever McDonald’s has ...
Taxpayer Dollars Should Not Fund Political Campaigns
Taxpayer dollars should be used for legitimate public responsibilities, such as maintaining roads, public safety, education, keeping communities clean, and paying down debt. Financing political campaigns should not become another government responsibility. Public campaign-financing programs use taxpayer dollars to help qualifying candidates run for office. Supporters argue that these programs ...
The Gordon Chang Report: China Annexing the South China Sea—and the Pacific Ocean
READ THE PDF China Annexing the South China Sea— and the Pacific Ocean On July 25, Global Times, the Chinese tabloid run by People’s Daily, warned the Philippines that China might build a military base on Scarborough Shoal, which Beijing claims and calls Huangyan Dao. “China reserves the right to ...
Should Californians Trust New Antitrust Legislation?
The Legislature returns this week from its summer recess, kicking off one more month of lawmaking. One proposal that’s expected to draw heavy fire is a bill that beefs up the state’s antitrust law, which is already so harsh that it’s not fit to be copied elsewhere. Assembly Bill 1776, known as the COMPETE ...