by Dan Mitchell | May 7, 2024 | Big Government, Blogs, Welfare and Entitlements
The Social Security Administration has released the yearly forecast of the program’s long-run finances. Jut like I did in 2023, 2022, 2021, 2020, etc, it’s time to see what to expect in the future. Based on the annual fiscal data in Table...
by Dan Mitchell | May 6, 2024 | Blogs, Taxation
Everything you need to know about wealth taxation can be summarized in two sentences. The biggest problem with most tax systems is the pervasive tax bias against income that is saved and invested, which discourages the accumulation of capital that helps...
by Dan Mitchell | May 5, 2024 | Big Government, Blogs, Government Spending
Because it should not happen according to conventional economic theory, I put together an anti-convergence club to highlight richer nations that grow faster than poorer nations. The common theme is that the richer nations have more economic...
by Dan Mitchell | May 4, 2024 | Big Government, Blogs
I favor “freedom conservatism” over “national conservatism” because the former is unambiguously based on liberty and the latter veers toward populism. Of course, it’s never easy to define populism. My shorthand definition is that a populist is someone who exploits...
by Dan Mitchell | May 3, 2024 | Big Government, Blogs, Regulations
Biden has pushed federal spending to record levels and he wants to push taxes to record levels. He’s also maintained and extended Trump’s protectionist policies. And we all know about his track record on inflation (he didn’t...
