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Tag Archives: incentives

The Perverse Economics of Obamacare: Earn Less, Get More

The Perverse Economics of Obamacare: Earn Less, Get More

Obamacare was put together by people who don’t understand economics. This is probably the understatement of the year since I could be referring to many features of the bad law…. Read more »

How the Welfare State Erodes Social Capital, as Illustrated by a Chuck Asay Cartoon

How the Welfare State Erodes Social Capital, as Illustrated by a Chuck Asay Cartoon

I’m a big fan of Chuck Asay’s political cartoons. My favorite is his nothing-left-to-steal masterpiece. And his tractor cartoon and his regime-uncertainty cartoon are brilliant indictments of Obamanomics. Here’s another classic…. Read more »

How the Welfare State Traps the Poor in Dependency, the British Version

How the Welfare State Traps the Poor in Dependency, the British Version

Back in 2011, I linked to a simple chart that illustrated how handouts and subsidies create very high implicit marginal tax rates for low-income people and explained how “generosity” from… Read more »

Why Won’t Washington Understand that Paying People to Be Unemployed Means More Unemployment?

Why Won’t Washington Understand that Paying People to Be Unemployed Means More Unemployment?

I’ve written periodically about the perverse incentives of the unemployment insurance system. Simply stated, there will be fewer jobs if the government subsidizes joblessness, and I even showed that this… Read more »

Sex and the Power of Economics

Sex and the Power of Economics

Even though there is a wealth of evidence for the Laffer Curve, statists and other big-government advocates routinely claim that incentives don’t matter. So I wonder how they’ll react to… Read more »

Alan Blinder’s Accidental Case for the Flat Tax

Alan Blinder’s Accidental Case for the Flat Tax

Alan Blinder has a distinguished resume. He’s a professor at Princeton and he served as Vice Chairman of the Federal Reserve. So I was interested to see he authored an… Read more »

A Lesson on the Laffer Curve for Barack Obama

A Lesson on the Laffer Curve for Barack Obama

One of my frustrating missions in life is to educate policy makers on the Laffer Curve. This means teaching folks on the left that tax policy affects incentives to earn… Read more »

If We Redistribute Income, Why Not Do the Same for Grades?

If We Redistribute Income, Why Not Do the Same for Grades?

I posted a joke about this last year, but this video makes the point much more effectively. When you tax and redistribute income or grades, you penalize those who achieve… Read more »

The IRS: Even Worse Than You Think

The IRS: Even Worse Than You Think

Since it is tax-filing season and we all want to honor our wonderful tax system, let’s go into the archives and show this video from last year about the onerous… Read more »

A Laffer Curve Tutorial

A Laffer Curve Tutorial

Greetings from frigid Minnesota. I’m in this misplaced part of the North Pole to testify before both the Senate and House Tax Committees today on issues related to the Laffer… Read more »