Sacramento’s Economic Illiteracy
A legislative maneuver turning a tax break into a tax hike, coupled with a proposed one-day reduction in California’s work-week, begs the question of economic knowledge in Sacramento. Hoover senior fellow Lee Ohanian and distinguished policy fellow Bill Whalen, both contributors to Hoover’s “California on Your Mind” web channel, join Hoover senior writer Jonathan Movroydis to discuss why is there a reflexive desire to tax; the impact of a four-day business week; a restless governor Newsom’s interest in the affairs of conservative states; plus the Oakland Athletics’ uncertain Golden State residency.