by Dan Mitchell | Jul 15, 2018 | Big Government, Blogs, Welfare and Entitlements
If you did man-on-the-street interviews across America and asked people about Social Security, I suspect most of them would have some degree of understanding about the program’s looming fiscal crisis. Since they’re not policy wonks, they presumably wouldn’t know the...
by Dan Mitchell | Jul 14, 2018 | Blogs, States, Taxation
The best budget rule in the United States is Colorado’s Taxpayer Bill of Rights. Known as TABOR, this provision in the state’s constitution says revenues can’t grow faster than population plus inflation. Any revenue greater than that amount must be returned to...
by Dan Mitchell | Jul 13, 2018 | Big Government, Blogs
Earlier this year, I explained why Nordic nations are not socialist. Or, to be more precise, I wrote that if they are socialist, then so is the United States. And my slam-dunk evidence was this chart from the Fraser Institute’s Economic Freedom of the World., which...
by Dan Mitchell | Jul 12, 2018 | Big Government, Blogs
A couple of days ago, I shared a segment from a TV interview about trade and warned that retaliatory tariffs were a painful consequence of Trump’s protectionism. I also was asked in that interview about the negative effect on farmers. I speculated that farmers (and...
by Dan Mitchell | Jul 11, 2018 | Blogs, Economics, Supply Side, Taxation
Three years ago, I shared two videos explaining taxation and deadweight loss (i.e., why high tax burdens are bad for prosperity). Today, I have one video on another important principle of taxation. To set the stage for this discussion, here are two simple definitions...
