Editorial Staff

Unintended Tax Consequences: Modeling the Effects of the Millionaire’s Tax on Massachusetts’ Economic Future

/0 Comments/in , , /by Editorial Staff
Share on Facebook
Share on Twitter
Share on
LinkedIn
+

Hubwonk host Joe Selvaggi talks with Beacon Hill Institute President Dr. David Tuerck about his recent analysis of the proposed 4% surtax on incomes over $1 million in Massachusetts, and his estimate of the number of individuals who will leave the state as a result. Tuerck, an economist, used STAMP modeling tools comparing the static projections offered by proponents of the so-called “Fair Share Amendment” with a model simulation that accounts for the unintended effects of the tax.

Read about the Beacon Hill Institute study. Read related research from Pioneer Institute.

Guest:

David G. Tuerck serves as president of the Beacon Hill Institute.  From 1982 to his retirement in 2020, he served on the economics faculty at Suffolk University. In 2021, he was awarded the status of Professor Emeritus by the Suffolk University Board of Trustees. Prior to joining Suffolk University in 1982, he was a director in the Economic Analysis Group at Coopers & Lybrand, Washington, DC. Prior to that, he served as director of the Center for Research and Advertising at the American Enterprise Institute. Dr. Tuerck holds a doctorate in economics from the University of Virginia. His dissertation director was James M. Buchanan, 1986 Nobel Laureate in Economics.

Get new episodes of Hubwonk in your inbox!

Related Posts

Peace Through Compassion

In a conversation between Joe Selvaggi and George Mason law professor Ilya Somin, Somin presents his viewpoint on the moral and strategic case for allowing free emigration of Palestinian refugees from the conflict zone to bolster Israel’s fight against Hamas terrorism.

Inflationary Debt Spiral: Fiscal Cliff Getting Closer, Faster

Joe Selvaggi discusses the consequences of record structural deficits and debt with budget expert Brian Riedl, a senior fellow at the Manhattan Institute. They delve into how these factors could impact the financial stability of Medicare and Social Security and examine the limited time available to avert a potential crisis.

Identity Politics Ideology: Woke’s Orthodoxy and Opposition to Liberal Values

Joe Selvaggi hosts a conversation with Johns Hopkins University Professor Yasha Mounk regarding "The Identity Trap," Mounk's latest book that delves into the origins of woke identity politics, its potential impact on classical liberal values, and strategies for its informed opponents to effectively counter its influence.

Federal Firearm Forfeiture: SCOTUS Considers Gun Rights and Due Process

Joe Selvaggi hosts a conversation with constitutional legal expert Clark Neily, who delves into the facts and legal complexities surrounding USA v. Rahimi, currently before the Supreme Court. This case questions the forfeiture of Second Amendment rights for individuals accused of domestic abuse.

Diversity’s Dubious Definition: Harvard Case Spells End to Racial Classifications

Joe Selvaggi discusses the implications of the Students for Fair Admissions v. Harvard case for race and ethnicity-based programs with David Bernstein, a Distinguished Law Professor at George Mason University and an Adjunct Fellow at the CATO Institute.

Untangling Unsheltered Encampments: Home Is Where the Help Lies

Joe Selvaggi discusses the challenges posed by homeless encampments, like Boston's Mass and Cass, with Dr. Judge Glock, the director of research at the Manhattan Institute. They also explore policy alternatives aimed at addressing the needs of both the community and the unsheltered individuals.

Ruining Research Rewards: Price Controls Come for University Patents and Products

Joe Selvaggi talks with Pioneer Institute Senior Fellow Dr. Bill Smith about the benefit of the Bayh-Dole Act’s protection of intellectual property rights for university research patents and the risk posed to the nation and the local economy from recent efforts to consider price controls on products developed from patented discoveries.

Farmers Welfare Bill: Rethinking Costly and Environmentally Distortive Subsidies

Joe Selvaggi discusses the cost and consequences of the $1.5 trillion decade-long subsidies in the farm bill with Chris Edwards, Chair of Fiscal Studies at the Cato Institute. These subsidies have the potential to negatively impact incentives for consumers, producers, and those concerned about the environment.

Predatory Tax Ruling: Supreme Court Closes Door on Home Equity Theft

Joe Selvaggi talks with Pacific Legal Foundation’s state legal policy deputy, attorney Jim Manley, about home equity theft, a practice that has taken 350 properties in Massachusetts, dispossessing homeowners of more than $50 million in equity.

Sweden’s Pandemic Paradigm: Does Trust in Citizenry Save Lives

Joe Selvaggi talks with Johan Norberg, author and senior fellow at CATO Institute, about his analysis of Sweden’s resistance to government-mandated COVID-19 control measures, as well as Sweden’s public health outcomes relative to the U.S and peer nations.