Mark J. Perry is concurrently a scholar at AEI and a professor of economics and finance at the University of Michigan's Flint campus. He is best known as the creator and editor of the popular economics blog Carpe Diem. At AEI, Perry writes about economic and financial issues for American.com and the AEIdeas blog.
6. Chevy Volt: A car that goes only 38 miles on a full battery charge and has all the amenities of a car that costs $5,000 less even after Volt discounts, subsidies, giveaways. In other words, it’s a Chevy Cruze with a giant battery.
10. Another example of a basic economic law: “If you tax something, you get less of it.” At age 87, IKEA founder returns home to a lower-tax Sweden, 40 years after fleeing his homeland for Switzerland in the 1970s to protest the country’s high taxes.
11. Dwight Howard leaves the LA Lakers for the Houston Rockets for higher after-tax income? Before taxes, the Lakers offered Dwight Howard a yearly salary of $1.6 million more than the Rockets offered, but what about after taxes? Comparing just the first four years of what the Lakers could pay Howard with what the Rockets will likely pay him, Howard will net $2.6 million more after taxes in Houston, assuming he becomes a resident of Texas instead of California, since Texas has no state income taxes, while California has the highest state income taxes in the country. (HT: Sprewell)