Posts

Showing posts with the label government

Pure Michigan Campaign-The Value of Return on Investment to State Taxes

Image
" Business has only two functions-Marketing and Innovation " (Milan Kundera ).    Pure Michigan, a state sponsored national marketing campaign launched in 2008, created a buzz highlighting the attributes of the Lady of the Lake state. Law Makers are confounded on precisely how much (or little) the campaign has contributed to her prestige and prosperity. Expert numbers span the spectrum leaving doubts and in turn a line item veto that removed the program from state budgets. This article is an effort to shed light on the merit of state-sponsored marketing in Michigan and what policies will improve the transparency and functioning of the program. To assess the program's value we must ask ourselves two fundamental questions about Pure Michigan to better ensure the money is wisely spent. 1. Does it have a positive ROI? and 2. Does it have a negative ROI? A positive ROI could mean we should invest in it because it brings additional revenue while a negative ROI means its wast

San Diego Employment Numbers Trip But Could Regain Footing from High Technology Firms

Image
2014 wasn't a great year for job creation in San Diego as employment numbers left much to be desired. According to the Employment Development Department 30,208 jobs were added to the San Diego economy in 2014 missing economist projections ( 1 ). Despite slower than expected growth in construction, professional, health, and scientific jobs the service industry added the most jobs with a 4.86% increase. Employment rates may be on the rise if San Diego focuses closely on high growth industries that already have a solid present in the area. The numbers are not dismal and could indicate a upward swing for 2015. Service jobs are relatively easy to add and mark a level of rising consumer spending on travel, restaurants, and leisure services that mark optimism. These are some of the first jobs added to the economy before higher paying jobs also make their way onto the market. Higher paying employment comes after lower skilled service jobs have made their initial appearance. Industrie

The Importance of Export and Taxes in Economic Growth and Government Budgets

Export and taxation are fundamental aspects of the American economic engine. Exports help create wealth that results in increased employment and tax generation. Government relies on taxation to pay its bills and keep the doors open. When exports wain and job creation slows both the economy and government suffer shortfalls that make their way into government spending crisis. Ignoring exports in the debate on taxes is like ignoring the cow when discussing how to produce milk. The news is aflutter with the upcoming debates on taxes and budgets. How to cut back, how to spend more wisely, and how to reduce waste are just some of the discussions. These are important debates and questions for a nation that desires to ensure that government is not so top heavy as to suck an unreasonable amount of resources from the economy. Yes...government does cost money and more government costs more money. Finding the right balance between enough government to ensure proper national management while no

Whistleblowers Challenge Society to Function Better

Image
Ethics is rooted in the greater good of society and the rules and norms that help ensure society doesn’t suffer at the hands of a few selfish individuals. Ethics can be applied to many different situations that range from dumping hazardous waste into rivers to using corporate influence to thwart regulations. Unethical behavior thrives in environments of fear and silence. Whistle blowers are those who are willing to break that cycle for something greater than themselves. As bad as it sounds, powerful entities and stakeholders sometimes profit off illegal and unethical behavior. Consider the case of Sharon Watkins and  her challenge of unethical behavior at Enron. After contacting CEO Kenneth Lay about accounting irregularities her findings were dismissed. Despite being an auditor, no one believed her until the entire company collapsed. There were previous signs of “crooked” activities in the company but people either ignored these signs up or covered them up quickly. In the cas

Why Advocate for the Simplification of the American Tax System?

Tax reform is a leading issue that will be hotly discussed in the next few years. America’s resurgence affords opportunities to make important adjustments to government functioning and spending that can improve opportunities for long-term growth. Now is not the time to fall into a trap of complacency only because the economic position of the U.S. is improving. Reforming the tax system helps both businesses and citizens understand their tax situations and create more trust with government.  Depending on what perspective a person comes from will determine whether or not they are an advocate of tax reform. Many times these differences are created based upon demographics. For example, a person making $40K a year will have a different perception than someone making $500K a year.   Simplification offers an opportunity to put them both on the same playing field.  Corporations and individuals will also have different perspectives. Corporations will desire to lower their liabilitie

Top American Concerns- Jobs, Economy, and Government

According to a recent Gallop Poll 20% of Americans are worried about jobs, 19% on how government functions, and 17% about the nature of the economy. Over the past year all three have switched places as main American concerns and appear to be somewhat tied in a race of sprints and walks with each coming out on top at one time or another.   Some are saying it is the economy and others are indicating it is the employment rate-all three numbers are likely associated. Certainly there is no denying the connection between the employment rate and the strength of the economy. A strong economy is able to create jobs and keep people employed. Generally, as the economy improves so does opportunities for gainful employment. Employment rate is a major symptom of economic strength and can fluctuate as the economy shifts gears.  However, the numbers released by Gallop indicate that the economy, employment, and perception of government are important to Americans. Research by Heinz Welsch f