Category: The Forum

Tax Amnesty: Hidden Costs Outweigh Benefits

By Morgan Smith During the next few weeks, Georgia’s legislators will be looking for creative solutions to the state’s budget crisis. One possibility being considered is a tax amnesty, which is a tool many states have turned to in recent years. While the prospect of easy money can sound attractive, a closer look suggests that tax amnesties are not usually the right answer and should not be an option for Georgia. The first problem is that tax amnesties typically bring in much less incremental revenue than is reported. States like to announce how much revenue comes in the door during the amnesty period, but usually fail to account for the fact that most of these taxes would have been collected… View Article
By Ronald G. Cummings Over the last year or so there has been considerable controversy in Georgia concerning policies related to the planning and management of Georgia’s water resources. Two key issues in this controversy relate to protecting public interests in water, and reliance on markets as a means for resolving critical problems in reallocating water over time. These two issues are often combined within the context of the question: “Are Georgia’s waters a public resource or a commodity to be bought and sold?” This question is at best confusing and at worst misleading. The issue of whether or not Georgia’s water resources are a “public resource” is one that is independent of – not related to – the issue… View Article

It’s so often a lack of information that keeps us from getting involved. The Foundation is doing for the public what many could not do for themselves. Anytime that we’re given the truth, people can make good decisions.

Deen Day Smith, Chairman of the Board, Cecil B. Day Investment Company more quotes