by Dan Mitchell | Oct 20, 2023 | Big Government, Blogs, Government Spending
Washington has a spending addiction. And it’s bipartisan. To understand the magnitude of the problem, let’s look at how fast taxes and spending have increased this century compared to population plus inflation. There are two obvious takeaways from this data....
by Dan Mitchell | Oct 19, 2023 | Blogs, Tax Competition, Taxation
As I did with the 2022 issue, the 2021 issue, the 2020 issue, etc, let’s analyze the results of the new International Tax Competitiveness Index from the Tax Foundation. In part, the results are boring because – once again...
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...
