by Dan Mitchell | Sep 21, 2021 | Blogs, Economics
Our friends on the left believe (or at least claim to believe) that the United States is an unfair nation because the rich get richer and the poor get poorer. More specifically, they assert that the economy is a fixed pie and that when people like Bill Gates...
by Dan Mitchell | Sep 20, 2021 | Big Government, Blogs, Economics, Welfare and Entitlements
Ten days ago, I shared some data and evidence illustrating how redistribution programs result in high implicit tax rates and thus discourage low-income people from climbing the economic ladder. Simply stated, why work harder or work more when an additional...
by Dan Mitchell | Sep 19, 2021 | Blogs, Government Spending
With regards to fiscal policy, part of my mission is to proselytize in favor of lower tax rates and a smaller burden of government spending. But another goal is simply to make sure people understand basic facts about the budget. For instance,...
by Dan Mitchell | Sep 17, 2021 | Big Government, Blogs, Economics, Taxation
The Biden Administration’s approach to tax policy is awful, as documented here, here, here, and here. We’ve now reached the stage where bad ideas are being turned into legislation. Today’s analysis looks at what the House Ways & Means...
by Dan Mitchell | Sep 16, 2021 | Big Government, Blogs, Government Spending, Welfare and Entitlements
More than 10 years ago, I wrote about President Obama’s disingenuous strategy of pretending that spending increases were tax cuts. Politicians in Washington have come up with something far more impressive than turning lead into gold or water into wine. Using...
