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Posts tagged as “Intrust Bank arena”

In Wichita, no difference between business and government?

Leaders in Wichita often liken government decision making to running a business, but there are important differences. That Wichita's leaders in both government and business do not understand this is problematic.

WichitaLiberty.TV: Government accounting, Government ownership of infrastructure, and Wichita commercial property taxes

Government leaders tell us they want to run government like a business. But does government actually do this, even when accounting for its money? Then, is it best for government to own all the infrastructure? Finally, taxes on Wichita commercial property are high, compared to the rest of the nation.

WichitaLiberty.TV September 15, 2013

In this episode of WichitaLiberty.TV, host Bob Weeks reviews chapter 4 of "Economics in One Lesson," about how public works mean taxes, and efforts to create jobs through spending on public works do more ham than good, if the public asset is not truly needed. The tax used to build the Instrust Bank Arena in Wichita is analyzed in this light. Then on to chapter 5, "Taxes Discourage Production." Amanda BillyRock illustrates, and Bob explains that notwithstanding inventions like the powdered orange drink Tang, innovation and progress comes primarily from the private sector, not from government programs.

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