Curtailing profits will only lead to stagnation

Freedom Newspapers Far too much is being made about allegedly “obscene” oil company profits, most often by demagogues trying to whip up the mob with allegations of “price gouging,” industry collusion and “profiteering.” We expect this from politicians and pundits of the anti-capitalist stripe, and from greens reluctant to point the finger at a U.S. […]

City should have own water company

Letters to the Editor This is in response to the article about a proposed water-rate hike from New Mexico-American Water company: When is this city going to wake up? NMAWC is a for-profit company that must please its stockholders. We are the largest city in New Mexico that does not possess its own water company. […]

Consider profits at the source

Thomas Sowell Profits are certainly without honor among the intelligentsia. The very word produces negative reactions, even from people who cannot give you a single reason why money carrying that label is worse than money called by other names. Many professional athletes and entertainers earn salaries higher than what the vast majority of business owners […]

Some readers would give organs for free

Project: Reader Reaction A recent Project: Reader Reaction question asked about donating organs and whether participants would accept money for them. Some responses: “When I die my family knows to donate whatever I have to help someone else to survive. I don’t think anyone should except money for organ donations.” — Mearl Thomas, Clovis “I […]

Possible gross receipts tax looms for charities

Eric Butler New Mexico’s non-profit groups do not pay gross receipts taxes for commercial services or for goods sold. They’d like to keep it that way. The state’s Blue Ribbon Tax Committee meets this week to consider a series of tax proposals it will recommend to Gov. Bill Richardson. One proposal would require non-profit agencies […]

Let government learn to watch its balance sheet

It’s Labor Day: a holiday that has been set aside to provide a day of rest for the American worker. Today, most of us will relax, perhaps spend some time at Ute Lake or Ned Houk Park or barbecue some steaks. Tuesday morning we’ll return to our work, as past generations did after their Labor […]