I’ve periodically used “Schadenfreude” to describe my feelings about certain issues. Maybe this makes me a bad person, but I’ve openly admitted to a perverse sense of happiness at the misfortune of others when, for instance, France’s class-warfare tax policy backfired because successful taxpayers emigrated. And I’ve expressed similar amusement when writing about Europe’s fiscal […]
read more...When I wrote a few days ago about the “Continuing Obamacare Disaster,” I didn’t realize I was understating the problems with the President’s boondoggle scheme. Now that the law’s been passed and implemented, the American people are finally finding out what’s in it (per Nancy Pelosi) and they’re not happy. Indeed, they’re so unhappy that […]
read more...Switzerland’s left-wing party has instigated a referendum for November 24 that asks voters to limit pay ranges so that a company wouldn’t be able to pay top employees more than 12 times what they’re paying their lowest-level employees. I talked with Neil Cavuto about this proposal and made several (hopefully) cogent points. Since Swiss voters […]
read more...I routinely (some would say repetitively) argue that the burden of government spending is a drag on the economy because labor and capital are being misallocated via the political process. My message is that we need to reduce the size of the public sector, even if we do it in a very gradual way by […]
read more...Last week the Center for Freedom & Prosperity joined with the National Taxpayers Union and 17 other groups to warn Republican leaders against making the mistake of undoing the sequester cuts. The letter notes: The BCA established limits on discretionary spending through FY 2021 including a cap of $967 billion for FY 2014. While the […]
read more...You know things are going poorly for the Obama White House when even the New York Times is writing about the “third world experience” of Obamacare. Heck, it’s almost gotten to the point where I feel sorry for the President. But I guess I must be a mean-spirited anti-government ideologue, because I can’t stop myself […]
read more...Government mandates benefit the politically connected, not consumers.
read more...The only sustainable way of achieving more prosperity and higher living standards is to increase the quality and quantity of labor and capital in the economy. This may sound like boring econo-speak, but labor and capital are the two “factors of production” and our ability to consume is limited by what we can produce. That’s […]
read more...The Department of Labor has issued its monthly employment report and the item that will attract the most attention is that the unemployment rate marginally increased to 7.3 percent. That number is worthy of some attention, but I think it distracts attention from a far more important set of data. What we should be more […]
read more...We know that countries suffer when taxes get too high, in part because investors, entrepreneurs, and other successful taxpayers escape to jurisdiction with less oppressive fiscal regimes. France is a glaring example. On steroids. We know that states also suffer when the tax burden becomes too onerous, leading to an exodus of jobs and investment. […]
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