by Dan Mitchell | May 30, 2019 | Blogs, Economics, Minimum Wage
A couple of years ago, I praised federalism in part because state and local governments would be less likely to adopt bad policy (such as higher minimum wages) if they understood that jobs and investment could simply migrate to jurisdictions that didn’t adopt bad...
by Dan Mitchell | May 29, 2019 | Big Government, Blogs, Regulations
While I constantly criticize the statist policies that are imposed in California, I can understand why people want to live there. There’s plenty of sunshine, a temperate climate, low humidity, and nice scenery. I even realize that lots of people like San Francisco,...
by Dan Mitchell | May 28, 2019 | Big Government, Blogs, Europe, Taxation, Welfare and Entitlements
I periodically explain that a European-sized welfare state can only be financed by huge taxes on lower-income and middle-class taxpayers. Simply stated, there aren’t enough rich people to prop up big government. Moreover, at the risk of mixing my animal metaphors,...
by Dan Mitchell | May 27, 2019 | Blogs, Uncategorized
One advantage of being a child of the Cold War is that I got to live through the fall of the Berlin Wall. The collapse of the Evil Empire truly was one of Reagan’s most amazing accomplishments and a moment of joy for the world. Best of all, the war ended peacefully....
by Dan Mitchell | May 26, 2019 | Blogs, Economics, Taxation
Earlier today at the Friedman Conference in Australia, I spoke on the proper design of a tax system. My goal was to explain the problem of double taxation. I’ve repeatedly shared a flowchart to illustrate the pervasive double taxation in the current system (my example...
