Articles
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Budget & Tax
The private-sector battle: Oklahoma vs. Texas
In terms of sheer economic size, there is no more important neighbor to Oklahoma than Texas. So it is a very useful exercise to compare and contrast the two states to see what Oklahoma policymakers can learn. Of course, it is well known that, unlike Oklahoma, Texas does not levy a broad-based individual or corporate income tax (though Texas does levy a gross receipts tax on certain industries). Has the absence of an income tax made a difference in the course of the Texas economy? The answer is a resounding yes.Jonathan Small, J. Scott Moody & Wendy Warcholik, Ph.D. | December 16, 2015
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Culture & the Family
Oklahoma’s Private Sector Economy by County
Personal income is an important economic measure of a state’s well-being. Higher levels of personal income mean that a state’s residents are able to purchase more goods and services such as homes, cars, education, and health care. Fundamentally, personal income comes from two sources: the private sector and the public sector. The distinction between these two sectors is important because only the private sector creates new income. The public sector can only redistribute income through taxes and spending.Jonathan Small, J. Scott Moody & Wendy Warcholik, Ph.D. | December 9, 2015
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Budget & Tax
Oklahoma's shrinking private sector
When it comes to government spending in Oklahoma, the 800-pound gorilla in the room that many people ignore is this simple question: Should government grow faster than the private sector’s ability to pay?Jonathan Small, J. Scott Moody & Wendy Warcholik, Ph.D. | December 2, 2015
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Budget & Tax
Oklahoma’s shrinking private sector
Jonathan Small, J. Scott Moody & Wendy Warcholik, Ph.D. | December 1, 2015
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Higher Education
Oklahoma’s Higher Education Spending Far Outstrips National Average
Oklahoma’s higher education system employs far too many non-instructional workers relative to the national average. This bloated workforce drives up the cost of higher education, and a significant share of these costs falls on the shoulders of Oklahoma’s taxpayers.J. Scott Moody & Wendy Warcholik, Ph.D. | November 19, 2015
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Budget & Tax
Four Reasons a Sales Tax Hike Is a Bad Idea
Some Oklahomans are talking about centralizing the education system even further by providing additional financing through an increased sales tax. This is a bad idea for several reasons.J. Scott Moody & Wendy Warcholik, Ph.D. | September 17, 2015
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Higher Education
Tuition Hikes and Non-instructional Overhead
Students across Oklahoma have returned to college campuses, and many are feeling the pinch from higher tuition costs. Higher education officials often blame tuition hikes on reduced state appropriations, but could there be other factors in play?J. Scott Moody & Wendy Warcholik, Ph.D. | September 17, 2015
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Education
An Economist Looks at Teacher Shortages
Oklahoma’s shortage of public school teachers has been much in the news lately. Those in the education establishment say that solving the problem will require increased funding and greater teacher satisfaction (by limiting class sizes, for example).Wendy Warcholik, Ph.D. | February 23, 2015
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Education
An Economist Looks at Teacher Shortages
Oklahoma’s shortage of public school teachers has been much in the news lately. Those in the education establishment say that solving the problem will require increased funding and greater teacher satisfaction (by limiting class sizes, for example).Wendy Warcholik, Ph.D. | February 23, 2015
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Education
Policy Ideas for Safeguarding Our Children's Futures
Given that children are the key to a prosperous economy, what lessons should our political leaders always keep in mind when crafting public policy? Allow me to suggest three.Wendy Warcholik, Ph.D. | September 19, 2014