by Dan Mitchell | Jun 6, 2024 | Big Government, Blogs
What’s the biggest problem with California? Anti-growth class-warfare tax policy? A bloated and inefficient public sector? Excessive red tape and regulation? Boondoggles like the “Train to Nowhere“? An anti-business economic climate? Bad policies...
by Dan Mitchell | Mar 19, 2024 | Big Government, Blogs, Government Spending
I’ve often explained that the most important variable in fiscal policy is the the growth of government, More specifically, good fiscal policy occurs when the burden of government spending over time grows slower than the private sector. As you can see from this chart...
by Dan Mitchell | Mar 14, 2024 | Blogs
California voters made a terrible mistake back in 2008 when they narrowly approved a referendum for a $33 billion high-speed train between San Francisco and Los Angeles. Opponents said the project was a boondoggle and they made several predictions. It will...
by Dan Mitchell | Feb 13, 2024 | Blogs, States, Taxation
The Laffer Curve is the common-sense notion that people respond to incentives. And even Paul Krugman admits this has implications for tax revenue. For instance, if tax rates increase, people may decide to earn and/or report less taxable income....
by Dan Mitchell | Jan 28, 2024 | Big Government, Blogs
What’s the worst-governed city in the United States? Chicago? New York City? San Francisco? Minneapolis? Seattle? Detroit? According to researchers, the answer is none-of-the-above. The right answer is either Riverside, CA or Oakland, CA. But that...
