by Dan Mitchell | Feb 7, 2023 | Big Government, Blogs, Welfare and Entitlements
Today we are going to look at proposals to expand the burden of Social Security payroll taxes, and let’s start by recycling this 2008 video. All of the analysis in the video is still accurate, but two of the numbers need to be updated. Social Security’s long-run...
by Dan Mitchell | Feb 6, 2023 | Big Government, Blogs, Europe
My biggest economic concern is that the United States, because of population aging and poorly designed entitlement programs, is slowly but surely going to become a European-style welfare state. To help convince people that this is a bad outcome, I...
by Dan Mitchell | Feb 5, 2023 | Big Government, Blogs, Government Spending
Regular readers know that I generally don’t get overly agitated about government debt (I get far more upset about counterproductive spending, regardless of how it is financed). But even I recognize that there is a point where debt becomes...
by Dan Mitchell | Feb 3, 2023 | Blogs, Taxation
I’m a long-time proponent of tax reform and I mostly focus on the flat tax, but as I wrote last month, a national sales tax also is a good option. Here’s some of what I said on the topic back in 2007. The key thing to understand is that the...
by Dan Mitchell | Feb 2, 2023 | Blogs, States, Tax Competition
I wrote in both 2021 and 2022 about states enacting lower tax rates. And that includes several states (Iowa, Idaho, Arizona) adopting flat taxes. Today, let’s quantify these developments. Our friends at the Tax Foundation...
