Posts Tagged ‘Justin Owen’
When news broke yesterday that Burger King was headed north of the border to reduce its tax liability, many people lost their minds. Facebook commenters took to Burger King’s page and hurled epithets like “traitor,” “un-American,” and “tax cheat” at the burger joint. Americans have a right to be upset that an iconic brand is fleeing for Canada, but they’re pointing their finger in the wrong direction.
The only reason Burger King is heading north is our prohibitive corporate tax rate, which is the highest effective corporate tax rate in the world. At nearly 40 percent, our corporate tax rate is some 15 points higher than the average nation’s.
It’s important to remember that corporations don’t pay taxes. It’s not as if Burger King’s creepy faux king mascot foots the corporation’s tax bill. People do. Burger King’s workers pay it through lower wages, shareholders pay it through lower payouts on their investments, and consumers pay it through higher burger prices. Burger King’s attempt to reduce its tax burden will only mean it can pass on higher wages to workers, higher earnings to investors, and cheaper burgers to the rest of us. Burger King is simply making a prudent business decision.
If Americans are up in arms about the restaurant’s relocation, they should call their congressman and demand that we fix our tax code, starting with the corporate tax. Get rid of all the loopholes that favor some business over others, and lower the overall rate for all businesses—from the mom and pop shop to the Burger King’s of the world. That’s the “American” solution to this whole affair.
- Justin Owen
August 27th, 2014 | Beacon Blog, Feature, Recent News
Sit in on a Metro Nashville School Board meeting or turn to any Tennessean article that mentions education, and you’ll hear quite a bit of charter school bashing. If you only listened to certain school board members, you would think that charters are the spawn of Satan himself.
Too bad that when the results come out, it’s traditional public schools that should be sent to the principal’s office for bad behavior. A recent report shows that the number of “priority schools”—or those performing so poorly that they are subject to being taken over by the state, and potentially converted to charter schools—has nearly tripled. There are now 15 low-performing schools in Nashville, up from six last year, and none of which are those despised charter schools.
The problem is that when you point your finger at someone, the other three are always pointing back at you. Our anti-charter school board members need to end their tirade and do a bit of housekeeping. Casting blame on the wrong party, especially the schools that are consistently out-performing their peers, does nothing to better educate our children. In fact, it appears it’s only made things worse.
-Justin OwenBeacon Blog, Feature, Recent News
Local 24 in Memphis did a great story on our recently released education report. You can watch the full video here.
August 20th, 2014 | Commentary
The report, “Saving Education,” broke down school spending. It looked at fixed and variable costs at school districts across the state. The findings are that most schools districts wouldn’t lose money under a voucher system. The report said Shelby County Schools would come out $1,500 ahead for every student that left with a voucher. That is because only a portion of the funding would follow the child. The rest would stay with the public school district.
“We already spend a set amount of money on each child and only a portion of that would follow each student so why not create a win/win situation,” Justin Owen of Beacon Center said.