by Dan Mitchell | Oct 18, 2023 | Blogs
In a capitalist system, poor people are not poor because rich people are rich. Our friends on the left are wrong to view the economy as a fixed pie. The same thing is true when looking at countries. Two years ago, I...
by Dan Mitchell | Oct 17, 2023 | Big Government, Blogs, States, Welfare and Entitlements
Back in 2010, I put together a “Moocher Index” based on the percentage of non-poor people in each state getting government handouts. Based on that back-of-the-envelope calculation, Vermont, Mississippi, and Maine were the biggest moocher states and Nevada, Colorado,...
by Dan Mitchell | Oct 16, 2023 | Big Government, Blogs
Because of pervasive statism by both Herbert Hoover and Franklin Roosevelt, the 1930s were the worst decade in American economic history. No economic growthHigh unemploymentConfiscatory tax ratesGrowth of governmentFederal Reserve...
by Dan Mitchell | Oct 15, 2023 | Blogs, Taxation
About 15 years ago, I narrated a three-part series on the Laffer Curve. Here’s Part II, which looks at real-world evidence. About halfway through the video (3:15-3:55), I discuss what happened when Ireland dramatically lowered its corporate tax rate. The net result...
by Dan Mitchell | Oct 14, 2023 | Big Government, Blogs, Government Spending, States
Every year, I highlight the most important ballot initiative or referendum. In 2022, Massachusetts voters tragically voted to replace the state’s flat tax with a system based on class warfare.In 2021, voters in the state of Washington...
