ST. PAUL LEGAL LEDGER CAPITOL REPORT A heated exchange about causes and possible responses to widening economic inequality broke out recently among some of the Minnesota Legislature’s more senior leaders in a meeting of the House-Senate Legislative Commission on Planning and Fiscal Policy. The clash pitted Senate Minority Leader David Hann and state Rep. Greg Davids, who essentially argued that inequality trends were normal or unimporta... Read More
ST. PAUL LEGAL LEDGER CAPITOL REPORT As sure as a cold front follows a December snowfall, the end-of-year economic forecast and the state budget projections bring on the howls that Minnesota government is too big and taxes have to be cut. The latest forecast shows a $1 billion variance to the positive, and evidence abounds that Minnesota’s economy is performing well above national averages, despite predictions that the 2013 tax increase... Read More
ST. PAUL LEGAL LEDGER CAPITOL REPORT One of our nation’s more courageous “one-percenters” explains on a popular YouTube video — and in a movie soon to be released — how having 1,000 times as much money as the average worker does not create jobs or as much economic activity as putting more of that money in the average family’s hands. Nick Hanauer, CEO of a West Coast company that makes pillows, notes that un... Read More
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