by Dan Mitchell | Mar 16, 2017 | Blogs, Tax Competition, Taxation
The multi-faceted controversy over Donald Trump’s taxes has been rejuvenated by a partial leak of his 2005 tax return. Interestingly, it appears that Trump pays a lot of tax. At least for that one year. Which is contrary to what a lot of people have suspected –...
by Dan Mitchell | Mar 15, 2017 | Big Government, Blogs, Health Care, Taxation
As I wrote yesterday (and have pontificated about on many occasions), the main problem with America’s healthcare system is that various government interventions (Medicare, Medicaid, Obamacare, tax code’s healthcare exclusion, etc) have created a system where people –...
by Dan Mitchell | Mar 14, 2017 | Blogs, Economics, Health Care
I shared last year a matrix to illustrate Milton Friedman’s great insight about the superior results achieved by markets compared to government. Incentives explain why markets work best. When you spend your own money on yourself (box 1), you try to maximize quality...
by Dan Mitchell | Mar 13, 2017 | Blogs, Economics, Taxation
We have passed the 50th full day of the Trump Presidency. In that span of time, we’ve had lots of political wrangling between Trump and the media. We’ve been introduced to the concept of the “Deep State” (yes, there is a permanent bureaucracy that acts to protect its...
by Dan Mitchell | Mar 12, 2017 | Big Government, Blogs, Health Care
A couple of years ago, filled with disgust at the sleazy corruption of the federal Leviathan, I put forth a simple explanation for what happens in Washington, DC. I call it the “First Theorem of Government,” and I think it accurately reflects the real purpose and...
