Here’s a new mini-documentary from the Center for Freedom and Prosperity, narrated by Natasha Montague of Americans for Tax Reform, that explains why the process of tax competition is a critical constraint on the propensity of governments to over-tax and over-spend….
Daily Analysis
Let’s Listen to the French and Shrink Government
Actually, I better add an important qualifier to that title and instead say that we should listen to a specific Frenchwoman. My friend Veronique de Rugy recently testified before a House Committee and she completely kicked you-know-what.
Spending Restraint Works: Examples from Around the World
America faces a fiscal crisis. The burden of federal spending has doubled during the Bush-Obama years, a $2 trillion increase in just 10 years. But that’s just the tip of the proverbial iceberg. Because of demographic changes and poorly designed entitlement programs,…
How to Fix the Entitlement Problem
One of my presentations at CPAC addressed America’s long-term entitlement crisis. I was part of a panel organized by the National Taxpayers Union, and I discussed how to solve the long-run fiscal problems caused by Social Security, Medicare, and Medicaid. The lighting…
What’s Worse, Hillary Clinton’s Economic Illiteracy or Her Support for Prohibition?
We have another great video from Reason TV, which mocks Secretary of State Hillary Clinton for stating that drug legalization is a bad idea because “there is just too much money in it.” The video explains that government-imposed prohibition is what makes the drug…
Sweden Is a Role Model…but for Free Market Reforms, not Socialism
Johnny Munkhammar is a member of the Swedish Parliament and a committed supporter of economic liberalization. He has a column in the Wall Street Journal Europe that does a great job of explaining how Sweden became rich when it was a small-government, pro-market…
Greetings from San Marino
Hello from the Most Serene Republic of San Marino, a 24-square mile enclave centered around Monte Titano in eastern Italy. I’m here for a conference on “Competition and Alliances among States.” Like many other so-called tax havens, San Marino has been bludgeoned in…
New CBO Numbers Re-Confirm that Balancing the Budget Is Simple with Modest Fiscal Restraint
Many of the politicians in Washington, including President Obama during his State-of-the-Union address, piously tell us that there is no way to balance the budget without tax increases. Trying to get rid of red ink without higher taxes, they tell us, would require…
The Laffer Curve Works…even in France
I write about the Laffer Curve so often that I’m surprised people don’t run away screaming. But I’ll continue to be a pest because I want people to understand that you can’t just look at changes in tax rates when predicting changes in tax revenue. You also have to…
English Anti-Tax Haven Ideologues Are Just as Foolish and Ignorant as their American Cousins
There’s a supposed expose in the U.K.-based Daily Mail about how major British companies have subsidiaries in low-tax jurisdictions. It even includes this table with the ostensibly shocking numbers. This is quite akin to the propaganda issued by American statists….