by Dan Mitchell | Oct 27, 2021 | Uncategorized
I don’t know whether to be amused or frustrated, but I can’t help but notice that folks on the left frequently argue that the United States needs to make government bigger in order to “catch up” or “shrink the gap” with Europe. President Biden even has said...
by Dan Mitchell | Oct 26, 2021 | Blogs, Taxation
The Biden economic agenda can be summarized as follows: As much spending as possible, financed by as much taxation as possible, using lots of dishonest budget gimmicks to glue the pieces together. But it turns out that higher taxes are not very...
by Dan Mitchell | Oct 25, 2021 | Big Government, Blogs, Financial Privacy, Taxation
Remember back when Joe Biden said paying more tax is patriotic? He was being a hypocrite, of course, since he aggressively sought to lower his own tax burden. But he was also behaving exactly as “public choice” theory predicts. Politicians...
by Dan Mitchell | Oct 24, 2021 | Taxation
Let’s look today at the wonky issue of “book income” because it’s an opportunity to point out that there are three types of leftists. Honest leftists who understand economics and recognize tradeoffs (I think of them as “Okunites“).Dishonest leftists who understand...
by Dan Mitchell | Oct 23, 2021 | Blogs, Health Care
The healthcare sector is a tragic example of Mitchell’s Law in action, with politicians expanding the role of government in response to problems (rising prices and inefficiency) caused by previous expansions of government. The...
