by Dan Mitchell | Oct 6, 2019 | Big Government, Blogs
I’ve opined that statist policies harm young people. I also shared this video explaining why big government is bad for millennials and the Gen-Z crowd. This should be a slam-dunk issue. After all, don’t they know how the communist world collapsed? Aren’t they aware of...
by Dan Mitchell | Sep 25, 2019 | Big Government, Blogs, Government Spending, Taxation, Welfare and Entitlements
Social Security is projected to consume an ever-larger share of America’s national income, mostly thanks to an aging population. Indeed, demographic change is why the program is bankrupt, with an inflation-adjusted cash-flow deficit of more than $42 trillion. Yet...
by Dan Mitchell | Sep 22, 2019 | Big Government, Blogs, Economics, Government Spending, Taxation
The International Monetary Fund is infamous for its advocacy of higher taxes. Heck, it’s not merely advocacy. The international bureaucracy uses bailout money as a tool to coerce politicians into approving higher tax burdens. This is so reprehensible that I’ve...
by Dan Mitchell | Sep 20, 2019 | Big Government, Blogs, Taxation
Maybe I’m just a curmudgeon, but I get rather irked when rich people endorse higher taxes. Are they trying to curry favor with politicians? Seeking some sort of favoritism from Washington (like Warren Buffett)? Or do they genuinely think it’s a good idea to...
by Dan Mitchell | Sep 17, 2019 | Uncategorized
There are many reasons to oppose the various bailouts of the Greek government. Here are my two main reasons. I don’t like rewarding investors who make imprudent decisions, and it really galls me to bail out the (mostly) rich people who bought Greek bonds. I don’t like...
