BPF researches and shares educational information encouraging Mississippi’s Economic Freedom while discouraging Crony Capitalism to increase Mississippi’s Economic Growth. BPF focuses on Constitutional Foundations, Education, Energy, Environment, Health Care, Federal Government & Agencies, Mississippi State Government & Agencies and Regulatory Abuses & Reforms.
For decades, the COLA automatically increased as the U.S. dealt with historically low inflation. The solution for the Board of Trustees is simple: Tie PERS’ COLA to the rate of inflation as measured by the CPI.
As Mississippi Legislators work toward eliminating the personal income tax, they are looking for ways to recoup the resulting reduced revenue. One possible source is the elimination of various tax deductions, exemptions, and credits. But a Bigger Pie Forum (BPF) analysis has found that the Department of Revenue’s official estimates of these deductions, exemptions, and credits are largely fabricated and should not be relied upon by the state legislature.
The board of trustees for the state’s Public Employees’ Retirement System (PERS) made an important, if unheralded, move recently when it voted unanimously to use a somewhat more realistic projection of its rate of return on investments. This matters because an overly optimistic projection can mask a coming decrease in the solvency of the fund, which is already severely under-capitalized.
Our Declaration of Independence says: “…Governments are instituted among men, deriving their just powers from the consent of the governed…” Government’s purpose is to secure our unalienable rights including Life, Liberty and the pursuit of Happiness. The government hasn’t done this. It has abused its powers to take our rights. So the governed have withdrawn their consent. A clue is: “Let’s go Brandon.”
Price discovery is a critical component of free market economies. It is how entrepreneurs, businesses and investors identify risks and opportunities as they allocate capital to both avoid pitfalls and exploit new developments across the economy. Some price changes are transitory, others are secular. And at rare times, price moves can indicate disruptive innovation. In the commodities market, wise analysis of price signals can be the difference between success and failure.
Water, water everywhere, and all the boards did shrink; water, water everywhere, nor any drop to drink. Carbon dioxide, carbon dioxide everywhere, and all the packing houses did close; carbon dioxide, carbon dioxide everywhere, nor any meat was froze.