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

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors

“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 […]

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

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors

“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 […]

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Wishful Thinking about California’s Business Friendliness

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors

“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 […]

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Morality and the Minimum Wage

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors

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 […]

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Placing Sales Taxes on Services Creates Upward Mobility for Few

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors

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 […]

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Keep Off California’s Recovery

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors

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 […]

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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

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 […]

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Renewing the Debate on the Renewables Portfolio Standard (RPS)

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors

“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 […]

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

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors

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 […]

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California Isn’t Greece, It’s Lake Wobegon

Justin Adams, Ph.D.
President and Chief Economist of Encina Advisors

I’ll admit it, I was more than a little dismayed to read last week’s Los Angeles Times article explaining away Toyota’s decision to move its Torrance headquarters to Texas. The Times turned what seemed to be a teachable moment on the excesses of California regulation into little more than a business school case study: “The […]

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