Bullets and Beaches Prevail Once Again

This article was originally published here on Hawaii Reporter. By Stephen Zierak Results of the 2012 elections for state legislature ensure that Hawaii’s economy will continue to over-rely on military facilities and the tourist trade.  While the pressing need to diversify our economy continues to enjoy lip service, our electorate continues to send the same old same old to the House and Senate.  Incumbents won almost all of their contests, and Hawaii remains a one-party state as the moribund Republican Party only managed to hold its one Senate seat and actually lost one of its eight seats in the House.  With a similar cast of characters, we can expect continued fiscal irresponsibility—and the resulting lack of new industry interest in Hawaii. The November issue of Site Selection Magazine ranks state business climates based on opinions of site selectors (50% weight), demonstrated success in attracting capital investment (30% weight), and the Location Matters publication by the Tax Foundation and KPMG Consulting (20% weight).  How doesHawaiistack up as a business magnet?  (Hint:  It didn’t make the list of the best 25 states.) Site selectors are interested in state and local taxes (high in Hawaii), transportation infrastructure (Hawaiian remote location and Jones Act costs), utility infrastructure (expensive and limited here), land/building prices and supply (high and low), ease of permitting/regulatory procedures (discouraging here), existing work force skills (poor educational system), local/state economic development strategies (what are those?), and incentives. Tax Foundation/KPMG measures the total effective tax rate (TETR) for businesses in each state.  Last February, Location Matters rated Hawaii the worst state in the union.  The low property tax burden here is...

Grassroot Perspective: The One You Love, Solar Tax Credits and Ron Paul says America is off the cliff

A weekly liberty briefing and news guide to keep you informed and prepared on what’s UP to more freedom or DOWN to bigger, more intrusive government. Quote of the Week: “A free market grants no authority or privileges to labor unions or business. All contracts between workers and businesses must be mutually agreeable and without government mandates. No one is forced to work, no one is prevented from quitting, and the wages are to be set by mutual agreement. All workers are free to organize and collectively negotiate with employees. Employees have a right to participate or not. Government workers have no power to force obscene wages on the taxpayers and should not be given a contractual right to strike and hold the taxpayers hostage.” – Rep. Ron Paul Local News Election 2012 Is Over, What’s Next? Once again, another election is finally over here in Hawaii and across America. So much time, emotion and money often hangs on these races, and more often than not our future leaders are determined by capricious voting and sometimes sheer luck. But just as the 1980s Glenn Frey song goes, “someone’s gonna cry when they know they’ve lost you, someone’s gonna thank the stars above.” Some are overjoyed, others are angry at the results from this week’s election, but what does it mean for you and me? ANALYSIS: Personality politics aside, both Hawaii and the United States at large are in deep fiscal trouble. The Federal government is pushing close to $17 trillion dollars in debt and in spite of talk of “cutting spending” new mandates both in Washington and here in Hawaii will...