by Dan Mitchell | Jun 24, 2019 | Big Government, Blogs, Bureaucracy
The Bureaucrat Hall of Fame recognizes government employees who go above and beyond the call of duty in terms of getting over-paid or being under-worked. Or both. Adding insult to injury, many recipients of this award are employed by bureaucracies that shouldn’t even...
by Dan Mitchell | Jun 23, 2019 | Blogs, States, Taxation
When I wrote a few days ago that the Trump tax reform was generating good results, I probably should have specified that some parts of the country are not enjoying as much growth because of bad state tax policy. As illustrated by my columns about Texas vs...
by Dan Mitchell | Jun 22, 2019 | Blogs, Economics, Europe, Socialism
I don’t think either Senator Bernie Sanders or Representative Alexandria Ocasio-Cortez actually understand that socialism is an economic system based on government ownership of the means of production, augmented by central planning, and price controls. For what it’s...
by Dan Mitchell | Jun 21, 2019 | Blogs, Economics, Laffer Curve, Supply Side
I’m a big fan of the Laffer Curve, which is simply a graphical representation of the common-sense notion that punitively high tax rates can result in less revenue because of reductions in the economy-wide level of work, saving, investment, and entrepreneurship. This...
by Dan Mitchell | Jun 20, 2019 | Big Government, Blogs, Taxation
Two years ago, I wrote about how Connecticut morphed from a low-tax state to a high-tax state. The Nutmeg State used to be an economic success story, presumably in large part because there was no state income tax. But then an income tax was imposed almost 30 years ago...
