A Brief Note on Being the Envy of the World

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors, LLC, a Davis-based economics research and analysis firm.

Ninety-nine percent of all statistics only tell forty-nine percent of the story.” – Ron DeLegge, Financial Author Having a high rate of economic growth solves a lot of problems. From government’s perspective, as businesses invest more and consumers spend more, there is ample tax revenue to fund ongoing priorities like education as well as short-term initiatives. […]

Read more

Are Climate Policies Really an Economic Boon to the San Joaquin Valley?

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors, LLC, a Davis-based economics research and analysis firm.

“Time has a wonderful way of showing us what really matters.” – Margaret Peters State climate policies are boosting the San Joaquin Valley’s economy. At least that’s the basic message that the authors of a recent study are trying to convey. On January 19 the Bay Area organization Next 10 released a commissioned report entitled […]

Read more

“California Can’t Go Back”: Why Proposition 55 Will Increase Sales Taxes

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors, LLC, a Davis-based economics research and analysis firm.

“The best things in life are free, but sooner or later the government will find a way to tax them.” – Anonymous The most recent Public Policy Institute of California (PPIC) poll shows that a majority of likely voters backs Proposition 55 on the November 8th ballot. Proposition 55, the “Tax Extension to Fund Education […]

Read more

Wishful Thinking about California’s Business Friendliness

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors, LLC, a Davis-based economics research and analysis firm.

“One swallow does not a summer make, nor one fine day; similarly one day or brief time of happiness does not make a person entirely happy.” – Aristotle Consider the following scenario: You’re having a discussion with an acquaintance on the quality of California’s roads and highways. You point out that California is below average […]

Read more

Morality and the Minimum Wage

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors, LLC, a Davis-based economics research and analysis firm.

Far and away the best prize that life has to offer is the chance to work hard at work worth doing. – Teddy Roosevelt Gov. Jerry Brown and the Legislature took the politically expedient approach to solving California’s income inequality when they enacted SB 3 (the minimum wage bill) into law on April 4th. Rather […]

Read more

Placing Sales Taxes on Services Creates Upward Mobility for Few

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors, LLC, a Davis-based economics research and analysis firm.

Some have called Senate Bill (SB) 8, Senator Robert Hertzberg’s proposal to impose sales taxes on most services in California, needed tax reform. The basic argument made is that while California’s economy has shifted over the past 50 years from being based on agriculture and manufacturing to information and services, the state’s tax policy remains […]

Read more

Keep Off California’s Recovery

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors, LLC, a Davis-based economics research and analysis firm.

But how do we know when irrational exuberance has unduly escalated asset values, which then become subject to unexpected and prolonged contractions as they have in Japan over the past decade? – Alan Greenspan California has struggled the past six years to recover from the Great Recession. But recent economic statistics suggest that the Golden […]

Read more

The Economics of Plastic Bags: Too Late for California to Hop Off the Ban-Wagon?

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors, LLC, a Davis-based economics research and analysis firm.

In late February we learned that opponents of SB 270 (Padillia), the ban on single-use plastic bags in grocery stores, gathered enough signatures to qualify a referendum on the law. This means that SB 270’s scheduled July 1 start date will be put on hold. And it means that California voters will determine the law’s […]

Read more

Renewing the Debate on the Renewables Portfolio Standard (RPS)

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors, LLC, a Davis-based economics research and analysis firm.

“It’s déjà vu all over again.” – Yogi Berra As has been reported in these pages and elsewhere, Senators Kevin de León and Mark Leno earlier this month introduced Senate Bill (SB) 350, otherwise known as the “Clean Energy and Pollution Reduction Act of 2015.” The authors developed SB 350 ostensibly to help create jobs […]

Read more

Placing Fuels Under the Cap Puts Low-Income Households Under the Bus

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors, LLC, a Davis-based economics research and analysis firm.

John Husing, the Inland Empire economist, asserts that California’s policies are short-sighted when it comes to many important subject areas like energy policy. Specifically, he argues that the state’s leadership from wealthy coastal counties tends to design policies that make sense for these same counties, but that ultimately create unintended, negative consequences for poorer inland […]

Read more