My main goal for fiscal policy is shrinking the size and scope of the federal government and lowering the burden of government spending. But I’m also motivated by a desire for better tax policy, which means lower tax rates, less double taxation, and fewer corrupting loopholes and other distortions. One of the big obstacles to good tax policy is that many statists […]
read more...It takes a special skill – or an abundance of chutzpah – to harm a person and then turn around and argue that it was all for their own good. But that’s exactly what the Obama administration, and the sycophants at the New York Times, are doing in light of new projections from the Congressional […]
read more...A just-released report from the bean counters at the Congressional Budget Office is getting lots of attention because the bureaucrats are now admitting that Obamacare will impose much more damage to the economy than they previously predicted. Of course, many people knew from the start that Obamacare would be a disasterand that it would make the healthcare system […]
read more...Looking at labor markets, my biggest concern is the drop in labor force participation. The data from the Labor Department on the employment-population ratio, for instance, suggest a permanent reduction in the share of the population that is working. And since economic output and living standards ultimately depend on the quality and quantity of labor and capital […]
read more...Why do statists support higher tax rates? The most obvious answer is greed. In other words, leftists want more tax money since they personally benefit when there’s a larger burden of government spending. And the greed can take many forms. They may want bigger government because they’re welfare recipients getting handouts. They may want bigger government because […]
read more...Imagine you’re a statist and you want to raise your kids to have the same spiteful and envious mindset. What’s the best approach? Well, sending your children to a government schoolis an obvious first step. But kids sometimes rebel against big-government orthodoxy, so perhaps you want to take additional measures such as a visit to their school from President […]
read more...As part of his State-of-the-Union speech, President Obama announced he was going to unilaterally create a new retirement savings account that supposedly would be available to all workers. Employers would be mandated to facilitate these”MyRA” accounts, and the money collected would be invested in “guaranteed” government bonds. There are some good features to the MyRA plan, […]
read more...Early last year, with the sequester about to begin, President Obama stated that “these cuts are not smart, they are not fair, they will hurt our economy, they will add hundreds of thousands of Americans to the unemployment rolls.” He made this statement because Keynesian theorysays government spending can boost “aggregate demand” and goose an economy. So less government spending obviously […]
read more...The Bureaucrats at the OECD don’t pay any taxes on their own salaries, but they work very hard to make sure everyone else is hit with exorbitant rates. They’ve persistently fought against tax competition to make it easier for politicians to raise taxes without driving away taxpayers and investment. And in the OECD’s fantasy world, […]
read more...Self awareness is supposed to be a good thing, so I’m going to openly acknowledge that I have an unusual fixation on the size of government. I don’t lose a wink of sleep thinking about deficits, but I toss and turn all night fretting about the overall burden of government spending. My peculiar focus on the […]
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