by Dan Mitchell | Dec 27, 2023 | Blogs, States, Tax Competition, Taxation
Time for the final segment of my five-part series for 2023 on blue-to-red tax migration (previous versions here, here, here, and here). We’ll start with this table showing what has happened in America’s 10-largest states. You should notice a...
by Dan Mitchell | Dec 26, 2023 | Big Government, Blogs
Writing about the economic tragedy of Argentina, I’ve explained that one major problem is inflation, thanks to that country’s version of “modern monetary theory.” This is not a trivial problem. Here’s a chart, from a recent...
by Dan Mitchell | Dec 24, 2023 | Blogs, Taxation
Since governments have a terrible tendency to waste money, I’m a big fan of tax avoidance. For instance, even though I don’t like itemized deductions for things like charitable contributions and home mortgage interest, I am glad...
by Dan Mitchell | Dec 22, 2023 | Big Government, Blogs, Government Spending
Spending caps are the only fiscal rule with a good track record. I’ve repeatedly written about Switzerland’s spending cap, known as the “debt brake,” which has limited annual spending growth to an average of just 2.2 percent over the past two decades....
by Dan Mitchell | Dec 21, 2023 | Big Government, Blogs, Government Spending
When making the case for spending caps, the best domestic example is Colorado and the best international example is Switzerland. What makes the Swiss example especially persuasive is a comparison over the past 20 years between...
