Results 131 to 140 of 244

The Michigan Education Trust: A Political Economy Perspective

Touted as cutting-edge public policy, the MET program is found to be a flawed political promise that might have to be bailed out by state taxpayers. Parents who want to save for their children's education have better options in the private marketplace. Subsequent events led Governor Engler to scrap the program. 25 pages.

Michigan's Home Ownership Savings Trust: A Closer Look

The HOST program was created in 1989 ostensibly to assist first-time home buyers in saving for their down payments. Wolfram and Kaza point out the fatal flaws of the plan and expose HOST as a boondoggle of the first order. Their analysis was instrumental in bringing about revisions of the program under Governor James Blanchard and its ultimate abolition under Governor John Engler. 8 pages.

Auto Insurance in Michigan: Regulation, No-Fault, and Affordability

Written by one of America's foremost authorities on auto insurance, this study is a thorough review of Michigan's Essential Insurance Act and No-Fault Law. Harrington examines in-depth the structure of rates in the state and explains that they are not the result of price-gouging or insufficient competition. He analyzes the effects of the state's insurance regulations, and makes suggestions that would increase competition, lower costs, and limit the interference of government in a free insurance market. 33 pages.

Litigation and the Market: Restoring the Balance Between Individual and Employer Rights

Litigation has become an expensive and prominent component of our economy. There are too many excessive damage awards and too few controls on the length and expense of court proceedings. The author examines product liability and employment contract law and recommends ten specific reforms. 5 pages.

Regional Economic Development: Downriver as a Case Study

The seventeen communities of the Downriver Detroit area have traditionally been economically vibrant. Their decline in recent years is due in great measure to excessive tax burdens and the politicization of community services. The authors explain how this area can revive by rolling back property taxes, privatizing a number of municipal functions, avoiding government-directed economic development schemes, and making certain improvements to the transportation infrastructure. The many lessons from the Downriver experience are applicable to communities all across Michigan. 32 pages.

Jail Overcrowding in Michigan: A Public Problem With a Private Solution?

Strapped for cash and experiencing soaring costs to maintain over crowded jails, Michigan counties are overdue for privatization. Van Eaton cites substantial cost savings in more than a dozen other states where jail operation and management has been privatized. Michigan state government should allow our 83 counties the freedom to employ this promising option. 26 pages.

Tort Law and the Products Liability Insurance Crisis

This report examines the theories behind the products liability insurance crisis, including the idea that the crisis is contrived by the insurance industry. Smith argues that the real source of the problem is judicial changes in tort law that undermine the predictability of risk and the independence insurance markets need to adequately measure risk. He recommends steps that governments should take to solve the crisis and bring down consumer and industry costs. 55 pages.

Detroit Metropolitan Airport: A Case for Privatization

The nation's first comprehensive proposal to privatize a commercial airport was inspired by Britain's successful 1987 effort to privatize eight airports, including London's Heathrow. If Detroit Metro were properly privatized, it would benefit county finances, air travelers, and area economic development.

The Single Business Tax Burden on Michigan Industries

The Michigan Single Business Tax (SBT) was, at the time of this report's release, the only value-added state business tax system in the U.S. The author explores its history, actual practice, and inherent advantages and disadvantages. Tables of data are provided, showing the SBT burden as a percentage of the Adjusted Tax Base on industries in Michigan. This report is a good overview of the SBT and its impact on the state's businesses. 30 pages.

The Michigan Accident Fund: A Need for Privatization

Though prevailing legal opinion had concluded that the Accident Fund, a workers' compensation insurer, had been operating as a private insurer, Attorney General Frank Kelley ruled in 1976 that the Fund was in fact a state agency. Smith examines the controversy ignited by Kelley's ruling, culminating in a state takeover of the Fund in 1989. His powerful case for privatization of the Fund is just as relevant today and, in fact, is a major reason why the Engler administration planned to do just that in 1994. 31 pages.