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European-Sized Government Means Ever-Rising Tax Burdens for Lower-Income and Middle-Class Taxpayers

by Dan Mitchell | Sep 20, 2017 | Big Government, Blogs, Taxation

I argued last year that leftists should be nice to rich people because upper-income taxpayers finance the vast majority of the American welfare state according to government data. Needless to say, my comment about being “nice” was somewhat sarcastic. But I was making...

Joe Biden, Basic Income, and Societal Capital

by Dan Mitchell | Sep 19, 2017 | Big Government, Blogs, Welfare and Entitlements

Most economic policy debates are predictable. Folks on the left urge higher taxes and bigger government while folks on the right advocate lower taxes and smaller government (thanks to “public choice” incentives, many supposedly pro-market politicians don’t follow...
Keynesian Economics and the Fallacy of Boosting Growth by Destroying Wealth

Keynesian Economics and the Fallacy of Boosting Growth by Destroying Wealth

by Dan Mitchell | Sep 18, 2017 | Big Government, Blogs, Economics, Government Spending, Keynesian

Keynesian economics is like Freddie Krueger, constantly reappearing after logical people assumed it was dead. The fact that various stimulus schemes inevitably fail should be the death knell for the theory, which is basically the “perpetual motion machine” of...
Dark Humor from the Socialist Hellhole of Venezuela

Dark Humor from the Socialist Hellhole of Venezuela

by Dan Mitchell | Sep 17, 2017 | Blogs, Economics, Socialism

Back in 2015, I mocked Venezuelan socialism because it led to shortages of just about every product. Including toilet paper. But maybe that doesn’t matter. After all, if people don’t have anything to eat, they probably don’t have much need to visit the bathroom....

Civil Asset Forfeiture: A Slice of Venezuelan-Style Thuggery in America

by Dan Mitchell | Sep 16, 2017 | Big Government, Blogs

I periodically list people who have suffered horrible abuse because of despicable actions by government. At some point, I’ll have to create a special page to memorialize these victims. Something like the Bureaucrat Hall of Fame or Moocher Hall of Fame, though I...
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