Nevada Business Magazine

The Decision Maker's Magazine

Free Market Watch

Retiring in the Lap of Taxpayer-Funded Luxury

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How pensions in Nevada are often better than paychecks Know a public employee in Nevada who is looking for a pay raise? Tell him to retire. According to a new analysis made possible by the court-ordered release of Nevada’s Public Employee Retirement System payment records, once-public employees in the Silver State are making golden pensions — so generous that their … [Read more...] about Retiring in the Lap of Taxpayer-Funded Luxury

What to Expect from Carson City in 2015:Republican Sweep Creates New Opportunities for Policy Reforms

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The November wave that swept Republicans to victory not only solidified their control of the governor’s mansion but also saw them capture both chambers of the Nevada Legislature for the first time in 85 years. So now what? In the lifetime since Republicans last controlled the legislative process, liberal policies, decade after decade, have generated many problems for the … [Read more...] about What to Expect from Carson City in 2015:Republican Sweep Creates New Opportunities for Policy Reforms

Medicaid Expansion Pressures Nevada’s Poor, Doctors, State Budget

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Addition of 281,000 to state dole creating long waits for doctor openings Last year, almost 25,000 Nevadans found their health plans canceled, thanks to the so-called Affordable Care Act. The ACA also caused a dramatic increase in the price of individual insurance plans — with Nevada having the largest premium increases in the entire country, according to a national study … [Read more...] about Medicaid Expansion Pressures Nevada’s Poor, Doctors, State Budget

What Should “Revenue Reform” Look Like?

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State Tax system could be Stabilized and Improved with Broader Consumption Tax Calls for “revenue reform” have long emanated from Carson City, where state lawmakers have complained that Nevada’s current tax code is outdated and no longer capable of supporting critical public services. Most often, these calls for “revenue reform” have served as little more than a euphemism for … [Read more...] about What Should “Revenue Reform” Look Like?

Minimum-Wage Hikes: The Path to Poverty for Poor People

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Presumably, State Senator Tick Segerblom thinks his proposal to increase the minimum wage to $15-per-hour in Nevada would be beneficial. After all, it sounds appealing to double the pay of fast-food workers and other entry-level workers with one wave of the government’s mandate wand. As businessmen and women know firsthand, however, there’s a big difference between good … [Read more...] about Minimum-Wage Hikes: The Path to Poverty for Poor People

An Educated Workforce Begins with Empowered Parents

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Study Offers 33 Ways to Boost Nevada Students’ Achievement with No Net Increase in Spending One of the most dangerous phrases in the English language is, “Because we’ve always done it this way.” It’s a phrase that could cost a company millions of dollars in missed opportunities. But what if someone said it about a child: “She’s not doing well in school, but nothing will … [Read more...] about An Educated Workforce Begins with Empowered Parents

Margin Tax Would Cause Destruction of 3,600+ Private-Sector Jobs

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New Dynamic, General-Equilibrium Analysis Simulates Impact of Tax Proposal Although much has been said about the proposed margin tax on businesses that will appear as Question 3 on November’s ballot, there is a shocking lack of clarity about the actual impact of the tax on Nevada’s economy. There isn’t even agreement on an approximate amount of new tax dollars the tax would … [Read more...] about Margin Tax Would Cause Destruction of 3,600+ Private-Sector Jobs

‘Reading Rainbow’ Not Just About Books: One-Time Children’s Show Teaches About Free Markets

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Ask people in today’s workforce about “Reading Rainbow” and they’re likely to have either been viewers themselves or raised children who reaped its educative benefits. For over a quarter century, the publicly funded television show worked to instill a love of reading within countless children, but in 2009, the show was abruptly canceled by PBS. While big-government … [Read more...] about ‘Reading Rainbow’ Not Just About Books: One-Time Children’s Show Teaches About Free Markets

A Key Definition in the Margin-Tax Scheme Would Have Catastrophic Impact

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Much ado has been made, and will continue to be made, about what is the most important question on Nevada’s 2014 ballot. But one critical aspect of the state teacher union’s proposal to enact a business margin tax has gone virtually unnoticed: the definition of an “affiliated group.” For the non-accountant, this might sound like a tedious and technical detail, but it could … [Read more...] about A Key Definition in the Margin-Tax Scheme Would Have Catastrophic Impact

Why Teachers are Leaving the Teachers Union

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It’s easy to lump individuals together in a group based on one specific characteristic. How many people have been cut off in traffic by someone with a California license plate, and then blasted those “California drivers”? Generalizations are especially prevalent in politics. Who’s heard that rural Nevada is conservative, but Las Vegas is liberal? Or that rednecks vote … [Read more...] about Why Teachers are Leaving the Teachers Union

Celebrating the Constitution: The Long-Term Benefits of its Short-Term Inefficiencies

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In all of life, actions have both short-term and long-term consequences — and often those outcomes stand in stark contrast to each other. If your three-year-old child is screaming for you to buy him a toy at the store, the quickest way to quiet him is to get the toy. But your actions will have told him that throwing a fit is a great way to get stuff he wants, and so each … [Read more...] about Celebrating the Constitution: The Long-Term Benefits of its Short-Term Inefficiencies

Why Government Shouldn’t Pick Winners and Losers: City Council Considering Plan to Subsidize Private Arena Developer

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Imagine watching an NBA game. With the Los Angeles Lakers leading the Boston Celtics 95 to 82 in the fourth quarter, the referees stop the game and award the Celtics 15 of the Lakers’ points and make the score 97 to 80 with the Celtics now leading. That would be outrageous and unjust, wouldn’t it? The Lakers earned their points, and it would be wrong for the … [Read more...] about Why Government Shouldn’t Pick Winners and Losers: City Council Considering Plan to Subsidize Private Arena Developer

The Left’s New Agenda: Minimum Wage Hikes and Unemployment Benefits Aren’t the Key to Prosperity

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Capitalism did not create poverty—it inherited it,” observed individualist philosopher Ayn Rand. Over the past centuries, capitalism has eradicated the previous conditions of widespread famine and starvation and has elevated the living standards of the poor to a level previously unheard of, even for kings. Today, even low-income Americans commonly enjoy cell phones, … [Read more...] about The Left’s New Agenda: Minimum Wage Hikes and Unemployment Benefits Aren’t the Key to Prosperity

Odds for success of PERS plan – Roughly 1 in 12 Quintillion: Nevada Retirees Risk Seeing Their Benefits Reduced as Money Runs Short

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Aside from death and taxes, there are no sure things in life. Everything we do involves an element of risk. The question then becomes: How much risk is reasonable, given the stakes? In the private sector, most entrepreneurs have risked tens of thousands of dollars — or sometimes even tens of millions of dollars — pursuing opportunities to grow their businesses. They … [Read more...] about Odds for success of PERS plan – Roughly 1 in 12 Quintillion: Nevada Retirees Risk Seeing Their Benefits Reduced as Money Runs Short